Are Department Stores Dying?
By Jeffrey A. Tachtengerg and Ann Zimmerman Staff Reporters of The Wall Street Journal Some retailers are thriving, but much of those gains have come at the expense of department stores, as discounters and specialty retailers begin to offer shoppers more alternatives than ever. Department stores’ share of the apparel market has fallen to 40% from 70% two decades ago, says market researcher Chris Ohlinger (of SIRS). May 2002 http://www.wsjclassroomedition.com/archive/02may/COVR_department.htm Wal-Mart Is Eating Everybody’s Lunch By Robert Berner in Chicago and Stephanie Anderson Forest in Dallas, Businessweek In recent years, as Wal-Mart Stores Inc. (WMT) has added groceries to its all-in-one stores in the area, the discounter has made big inroads. According to Chris Ohlinger, chief executive of retail consulting firm Service Industry Research Systems Inc. “The Neighborhood Markets are the traditional food retailer’s worst nightmare.” April 2002 http://www.businessweek.com/magazine/cont
