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Friday, December 19, 2025

Retail Department Store Carnage: Amazon to Blame? Mish 12-Point Summation

Courtesy of Mish.

Retail department store sales are in a funk.

Macys, Nordstrom, Dillards, Kohls, and Ralph Lauren have all reported dismal sales or profits.

On Wednesday, Macy’s reported the worst quarterly sales since recession. On Thursday, Nordstrom did the same. Same store sales fell at Nordstrom for the first time since 2009. Kohls posted an 87% drop in profit and an unexpected decline in sales.

The stores struggle to explain why consumers are not spending. Analysts blame Amazon.

Is amazon the culprit?

Macys

Macy’s Reignites Retail Worries

The company’s poor results and downbeat comments Wednesday triggered a selloff across apparel makers, mall owners, luxury brands and rival chains. Macy’s shares had their biggest drop since 2008. “We’re, frankly, scratching our heads,” said Chief Financial Officer Karen Hoguet.

Nordstrom


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