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Dillard’s Gets Department Store Retail Right
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Dillard’s Gets Department Store Retail Right
The department store retail sector has been in a death spiral since the turn of the century, now plunging from $232.5 billion in 2020 to $39.6 billion in 2024. Macy’s, the dominant player in the space, has been caught in that vortex. Since peaking at $27 billion and 850 stores after acquiring the May Company portfolio of stores in 2006, Macy’s immediately started a downward slide. A brief reprieve from 2012 to 2014 lifted net sales to $28 billio…
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