Retailing at Department Stores
Years ago, names like Sears, J.C. Penney, Macy's, and Montgomery Ward dominated malls and downtown shopping districts all over America. Over the last decade or so, however, department stores have suffered. The 2005 merger of Federated Department Stores and the May Company means fewer stores and opportunities in markets where the two competed. While the resulting company may be stronger in the long run, Federated has announced plans to cut up to 6,200 jobs as a result, meaning 2006 could be a rocky road in department store retail.
- Contributed by Nithin Narayanan