Old department store model obsolete

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Reference no: EM132209705

Macys, Sears, and JC Penny have been losing sales and profits for years; all have closed stores in the last few years. In addition, they now, have announced more store closings for 2018.On line retailers like Amazon, big box stores like Walmart, Target, and Club Stores are giving the Department Store model (Macys; Sears; JC Penny) serious competition.The business model the old line department store uses was invented over 100 years ago.

Is this 100 years old Department Store model obsolete? Why or why not?

Can the old line department stores redefine themselves? If yes, how? If no, what should they do?

Answer all parts of the question. answer must be 400 words

Reference no: EM132209705

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