Invest
Department stores are dead. Why is this stock up 100% in 3 months?
By Dr Wealth  •  November 26, 2021
Department stores belong to the boomer generation. We can see many have failed to survive as times have changed as more shopping has gone online and brands are going more direct to the consumers. The department stores that totally exited Singapore include Robinsons, John Little, Daimaru, SOGO, Yaohan, Oriental Emporium and more. Even those surviving ones are struggling – Isetan has downsized the number of stores in Singapore and Metro has diversified to real estate development. This is not just a Singapore’s problem as we see it in bigger countries like the U.S. too. JC Penny was a high profile department store chain that filed for bankruptcy in 2020. Sears was the biggest retailer in the 1980s but filed for bankruptcy in 2018. It is already an uphill battle for departmental stores to survive and maintain revenue and profit margins, much less think about growth prospect. It’s no wonder why most investors would shun these department store stocks for good....
Read the full article
By Dr Wealth
Dr Wealth provides trusted financial education to individuals. We teach researched and actionable investment methods so that our graduates are successful in their investment journey and achieve market-beating returns.
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance