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Huge retailer sets closing date for dozens of locations [Yahoo! Finance]
Last amazon.com, inc. earnings: 4/30 04:01 pm
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US:NASDAQ Investor Relations: phx.corporate-ir.net/phoenix.zhtml%3fc%3d97664%26p%3dirol-irhome
Much of the pain started during the pandemic when stay-at-home orders forced consumers to change how they shop. In 2020, many people got used to online purchases and haven't looked back. But that's been particularly harmful to department stores. ? Get expert insights and actionable trade alerts from veteran investing experts and hedge fund managers. Join TheStreet Pro today and get the first month FREE Department stores offer the benefit of a wide selection under one roof. Consumers often come in for one item and leave with more—a habit that hurts their wallets but benefits the retailers that need sales. But given the shrinking popularity of department stores, it's getting harder to capitalize on consumer impulse purchases. Related: Costco CFO sounds the alarm on cost increase Plus, as consumers spend their money more mindfully due to factors like inflation and sky-high interest rates, it's been hard for retailers to stay competitive. Even stores with a loyal fan base have
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