I’m curious to hear what people here think about the upcoming holiday sales for department stores. M, KSS and JWN are very cheap right now. And, do you think department stores are here to stay or how will they be doing five years from now? I feel like people have been saying for so many years that department stores is a dying breed but they survived Covid and inflation, and right now theft is another increasingly big challenge— but they’re still here. M is down 45 % year to date. If it recovers that’s going to be an 80 % gain. It seems like there’s more upside than downside but maybe I’m wrong. Personally I like JWN better simply because I feel like Nordstrom is a better store than Macy’s. Kohls I don’t really know too well..
[link] [comments] https://www.reddit.com/r/stocks/comments/172hxks/department_store_stocks/
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