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Turnarounds uncertain at Macy's, Kohl's, Nordstrom as department stores enter the holiday season

The article from AOL Finance discusses the challenges faced by traditional department stores like Macy's, Kohl's, and Nordstrom amidst a retail landscape increasingly dominated by online shopping. It highlights how these retailers are attempting turnarounds through various strategies. Macy's is focusing on smaller store formats, enhancing its online presence, and selling off assets to reduce debt. Kohl's has been experimenting with in-store partnerships, like those with Amazon for returns, and is also looking at real estate monetization. Nordstrom, on the other hand, is pushing its off-price Rack stores and digital sales, while also dealing with leadership changes. Despite these efforts, the article notes skepticism about their long-term viability due to ongoing shifts in consumer behavior towards e-commerce, the burden of high operational costs, and competition from both online giants and discount retailers. The piece concludes that while these companies are adapting, the retail environment remains highly uncertain, with no clear path to a full recovery for these traditional department stores.

Read the Full AOL Article at [ https://www.aol.com/finance/turnarounds-uncertain-macys-kohls-nordstrom-133034915.html ]