Industry-specific and extensively researched technical data partially from exclusive partnerships. A paid subscription is required for full access. Additional Information. General Merchandise. United States: leading department stores , by sales. Number of Nordstrom department stores in the U. As a Premium user you get access to the detailed source references and background information about this statistic. As a Premium user you get access to background information and details about the release of this statistic.
This feature is limited to our corporate solutions. Please contact us to get started with full access to dossiers, forecasts, studies and international data. You only have access to basic statistics. This statistic is not included in your account. Skip to main content Try our corporate solution for free! Single Accounts Corporate Solutions Universities. Premium statistics. Read more. In , Kohl's Corporation operated 1, stores, three more than a year earlier. Kohl's merchandise mix is composed by 66 percent of national brands and 34 percent private brands.
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Show source. It knew there was no way to beat Amazon at its own game. Remember that Kohl's knows how to retain customers using a well-established rewards and loyalty program. Its problem was that it struggled to attract younger shoppers and expand its customer base. Younger generations are already accustomed to buying on Amazon.
By solving a pain point for those customers, Kohl's is getting them into their stores. Analysts found stores that participated in the Amazon return program averaged And once those customers are there, they're more likely to buy other products they need or want, directly from Kohl's.
The bold move is a great example of how traditional retailers are using out-of-the-box thinking to leverage their strengths. Best Buy is another example of a company that is using brilliant strategy to help it thrive in the age of Amazon. But the Amazon partnership is just one of a flurry of ideas Kohl's has instituted to shake things up.
For example, Kohl's is one of the few major retailers that downsize not by closing stores, but by shrinking them. Kohl's does this by stocking its stores with less, and then subletting remaining space to partner businesses. Fast-growing grocer Aldi opened its first store in a downsized Kohl's last month. And just last week, Kohl's announced it would be leasing out space to Planet Fitness next to 10 of its stores in The goal is to produce a win-win scenario: Kohl's receives rental income, and both businesses benefit from increased foot traffic.
This feature is limited to our corporate solutions. Please contact us to get started with full access to dossiers, forecasts, studies and international data. You only have access to basic statistics. This statistic is not included in your account. Skip to main content Try our corporate solution for free!
Single Accounts Corporate Solutions Universities. Premium statistics. Read more. You need a Single Account for unlimited access. Full access to 1m statistics Incl. Single Account. View for free. Show source. Show detailed source information? Register for free Already a member? Log in. More information. Other statistics on the topic. General Merchandise United States: leading department stores , by sales. General Merchandise Macy's: net sales worldwide
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