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- 644982
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- 2011-6-28
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- 1970-1-1
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6'45"
The department stores come back after a period of decline of profit. 1. The department store such as Macy's, Kohl's have been making solid profits recently, scale and complexity attract customers to shop in these stores without the need of discount of their goods from these stores. 2. However, the store Gap is not benefited from this, since Gap has its retail stores and department stores, so it's not fit in this category. 3. The results of profit increase of department stores are different, one store has unstable profit increase for the past few months due to its strategy and goods update,etc. 4. Overall, the department stores are making good profits since this June. Other discounted stored have seen to make better profit for the past 1.5 years, but Walmart is not included in this list.
Introduce why department stores make more progress. 1. During school-return session, a lot young kids whose parents would like to shop in department stores. 2. Department stores such as Kohl's or Macy's always sale the clothes from the famous designers such as Ralph Lauren, Vera Wang, etc. So these stores lure a lot customers especially young customers. 3. The price of clothes in these stores are cheaper than discounted stores-Walmart. 4. Walmarts has not really gained its profit recently, even though Target has made bit profit, it's still a minor progress. |
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