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Article: SHRINKING GIANTS: TOP DEPARTMENT STORES BY SALES; CLEARLY, THE DEPARTMENT STORE SEGMENT IS STILL STRUGGLING IN THE RETAIL TUG-OF-WAR -- SEVEN OF THE 10 OPERATORS ON THIS LIST SAW SLIPPING SALES IN 2002 AS MASS MERCHANTS PREVAILED.
- Article from:
- Footwear News
- Article date:
- November 24, 2003
CopyrightCOPYRIGHT 2003 Conde Nast Publications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Company: 2002 Revenues; 2001 Revenues; Percent Change; 1st Half '03 Revenue
1. Sears: $23.03 billion;$24.30 billion; -5.3%; $10.10 billion
Sears is still tops among department stores, but long ago lost its position as the nation's largest retailer to Wal-Mart and Target. To help revive sales, Sears has added centralized checkouts, converted its athletic and kids' shoe departments to self-service, and spiced up its mix with numerous proprietary labels, including Lands' End, Covington and Structure.
2. J.C. Penney: $17.70 billion; $18.20 billion; -2.7%; $7.63 billion
J.C. Penney's catalog business remains in a rut and its 1,040-door ...