Which Retail Giant Will Go Belly Up Next? Four Stores Just Released Bleak Earnings Reports Emmanuel August 20, 2017 Economy You Might Like Which Retail Giant Will Go Belly Up Next? Four Stores Just Released Bleak Earnings Reports It’s no secret that retail is dying. E-Commerce titans like Amazon are bringing once-prosperous companies to their knees. It’s not a matter of if, it’s a matter of when. After their release on Thursday, some second quarter earnings may give some insight into who’s next on the chopping block. Four companies saw major losses that spell trouble for their survival. By name, these companies are J.C. Penney, Macy’s, Kohl’s, and Dillard’s. Based on these bleak earnings reports, it is doubtful we will be seeing these companies in the next few years. Most likely, Sears will tank first. That’s been speculated for a while. Hence, their lack of inclusion in the list. J.C. Penney is predicted to follow suit within 5 to 10 years. Kohl’s and Macy’s might still have a fighting chance if they play their cards right. Recently, both companies cracked down on inventory control, which will help significantly reduce costs. Still, they are at the mercy of Amazon, who is gobbling up market share. When Prime Wardrobe, Amazon’s private label clothing arm, finally goes live, they expect to capture $20 billion for the market. The U.S. apparel market is about $315 billion. Initially, Nordstrom was sitting pretty. After reporting increased online sales, their stock increased. However, on Friday the gains were scaled back. Most likely, they will win the battle but lose the war. From The Street: Year to date, J.C. Penney stock is down 52.89%; Macy’s, 42.36%; Kohl’s, 20.28%; Dillard’s, 5.54%; and Nordstrom, 7.2%. Meanwhile, the S&P 500 is up 9.22% year to date. Source Share on Facebook Tweet Follow us Share Share Share Share Share Leave a Reply Cancel ReplyYour email address will not be published.CommentName* Email* Website Save my name, email, and website in this browser for the next time I comment.