Ep 39: Department stores need more than touch-ups

What’s going on here? A slew of retail earnings the past two weeks makes clear that while Americans continue to shop, they increasingly aren’t ringing registers at department stores. Department stores turned in disappointing first-quarter results: Sales at Kohl’s fell 3.4% (far steeper than the expected 0.2% drop); Penney’s same-store sales dropped 5.5% (worse than the expected…