Macy's, Kohl's Lose as Amazon Wins

And the winner is?

Amazon.

Again and again and again.

Macy's just announced store closings and layoffs.  Sears is continuing to lose, huge, and Kohl's saw its stock drop as their holiday sales missed expectations (hopes).

Good piece by NBC News on this:

http://www.nbcnews.com/business/consumer/department-stores-are-paying-price-underestimating-amazon-n703596

Here is a snippet from the piece:

Industry observers blame online competition, as well as department store brands' own shortfalls in adapting to a fundamental shift in consumer behavior.

"For both retailers, the consistent themes of the shortfalls are weak traffic between Black Friday and Christmas," Goldman Sachs analyst Lindsay Drucker Mann wrote...

Happy Reading,

J.W. Gant