This post was originally published on this site
However, the department store industry is expected to continue gaining in the coming quarters on the back of increasing demand for consumer goods and strengthening online platforms and delivery systems. According to Statista, department stores and other general merchandise stores are expected to generate $2.18 trillion by 2025. Furthermore, with rapid vaccinations across several parts of the world, department stores could witness rising foot traffic.
So, we think it could be wise to bet now on fundamentally strong department store stocks Kohl’s Corporation (NYSE:KSS), Macy’s, Inc. (NYSE:M), and Dillard’s, Inc. (NYSE:DDS). However, with increasing competition in the department store industry, we think it’s advisable to avoid Nordstrom, Inc. (JWN) now because of its relatively weak financials.
