Target and T.J. Maxx Are Killing Macy's
With retail earnings season winding down, a few lessons are clear from the latest round of reports.
The biggest trend, continuing a pattern from recent years, is that brick-and-mortar sales are shifting away from department stores and toward more nimble competitors, including big-box chains like Target (NYSE: TGT) and Walmart, as well as off-price retailers like TJX Companies (NYSE: TJX). In fact, though Amazon may be the 800-pound gorilla stampeding through the retail industry, what's killing struggling retailers isn't necessarily e-commerce, but rather other brick-and-mortar retailers. The recent success of retailers like Target and TJX, for example, is coming at the expense of stalwarts like Macy's (NYSE: M).
Image source: Getty Images.
Source Fool.com
