The majority of the retailers in the S&P 500, like Macy's, Gap and L brands, failed to beat the market in 2019
Macy's stock has lost nearly 50% in 2019, making it the worst retail stock in the S&P 500. Thenation's largest department store has struggled to lure shoppers away from online retailers like Amazon and big-box stores like Target and Walmart.Once a venerable American institution, Macy’s is now among the ranks of tired department stores that have struggled to differentiate their offerings and give shoppers a reason to trek to their sprawling, mall-based stores.
“The sales deceleration was steeper than we expected,” said Macy’s CEO Jeff Gennette in November, after the retailer reported its first same-store sales decline in two years and. Gennette placed part of the blame on weak performance at its lower-tier malls.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The Worst Political Predictions of 2019How wide was the gulf between what actually happened in 2019 and the paths imagined by our pundits and politicians?
Read more »
The Year In Review: How Women In Media Embraced Their Power In 2019How women in media used their platforms and influence throughout the year to spearhead change that’s transcending their industry by brianne_garrett
Read more »
Fashionista's 31 Best-Dressed Celebrities of 2019These celebs are leading the way for self-expression through fashion.
Read more »
The Marketing Topics That Resonated Most With Readers In 2019In looking back on 2019, it's interesting to see which subjects were most popular with readers. Of the roughly 60 Forbes posts I published during the year, the five top-performing posts covered a variety of different topics.
Read more »
The Best Dressed Celebrities of 2019: A Year of Crazy Color - fountainof30.comHere's our list of the Best Dressed Celebrities of 2019. It was the year of crazy color! bestdressed 2019 over40 fashion celebritystyle sallylapointe MaisonValentino fendi CalvinKlein
Read more »