LYCOS RETRIEVER 
May Department Stores: Chains
built 633 days ago
National department store chains (without considering discount chains) had total revenues of $92.3 billion in 2001, down from $97.3 billion and $97.4 billion in 1999 and 2000, respectively. Department stores were already struggling with an economy that was moving toward recession when the terrorist attacks of September 11, 2001 occurred. Following the attacks, the U.S. economy stagnated and, after several unfulfilled attempts at recovery during 2002, remained slow into 2003. The forecast for a reinvigorated retail market was cautious at best for the remainder of 2003. Retail sales rose 4.6 percent overall in 2002 and were expected to rise just 3 percent in 2003.
Source:
[One] analyst who asked not to be named said a smarter pairing would be Lord & Taylor with the upscale Parisian chain of 40 department stores in the South. Parisian is being sold by Saks.
Source:
JCPenney saw a 7.3 percent same-store decline in its department store sales during third quarter. NationsBanc Montgomery Securities attributes this drop in part to unseasonably warm weather that caused many consumers to defer purchases of fall merchandise, a phenomenon affecting many department store chains in 1997.
Source:
MORE ABOUT
Chains