Macy's Plans Job Cuts, Kohl's Cuts Earnings Forecast

The video discusses the challenges faced by retailers, particularly department stores, in the wake of the election and changing consumer behaviors. Retailers like Macy's and Kohl's have struggled with declining sales, especially in accessories, and have been forced to close stores and adjust strategies. The video highlights the secular shift in shopping habits, with consumers moving away from malls and traditional department stores. It also examines the financial implications for these retailers and their attempts to adapt through real estate and store size adjustments.

What challenges are retailers like Macy's and Kohl's facing in the current market?

How has the trend in accessories sales changed according to the analysis?

What strategies are being employed by retailers to cope with declining sales?