Short the (Department Store) Stock

By John Cumbelich [dropcap]T[/dropcap]he Department Store business model is dead. Macy’s and JC Penney are closing stores by the hundreds. Sears is on the verge of extinction. Mervyns and Gottschalks are bankrupt. Lest we think that these travails are only affecting the mid-tier brands, let us consider the premium Department Stores. Nordstrom’s shares have fallen […]