Cramer says department stores are in real trouble and Nordstrom is ‘cannibalizing themselves
While some segments of retail are alive and well, Jim Cramer can’t ignore the pain that department stores like Nordstrom are in.
For years, traditional mall-based retailers have struggled desperately to keep up with Amazon, and have made big moves to build out their omnichannel business to compete.
Unfortunately, for some retailers, it simply wasn’t enough.
View entire article on CNBC.com
via Liberty Realty Capital Group http://libertyrealtycapital.com/department-stores-are-in-real-trouble/