Thursday, February 19, 2009

"'I don't think they stand a chance up against Sephora and MAC. They're still spritzing people.'"

No one wants to shop at department stores anymore but this is still sorta stunning: "Together, the top 10 chains [Neiman Marcus, Saks, Nordstrom, Macy's, Dillard's, J.C. Penney, Kohl's, Sears, Bon-Ton and Belk] had sales of about $110 billion last year, about one-fourth of Wal-Mart's total."

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