Sales are down, so they cut costs by cutting staff and presentation. That ultimately turns the store into a warehouse of goods which in turn discourages shopping further. With that decline they often resort into cutting store operating hours which further kills off shopping.
One of my local malls is open from like 11am to 6pm on the weekdays and 8pm on the weekends. Even if I wanted to shop there, it's hard because they are closed during normal work hours. The shops and stores are all manned with a skeleton crew. I've seen Macy's have a single employee manning the entire store.
I worry that the corporate quarter to quarter mentality is ruining American corporation that is taking American capitalism to a new low.
Maybe Nordstrom has a chance if they are private in the long run.
I guess you haven't looked at INTC stock price recently? As of yesterday's close on 2024-12-23 it's essentially unchanged from where it was 30 years ago. If you factor in inflation (which you should) it's actually lost 50% of its value over that time period.
Apple, Microsoft and Google are different animals.
They’ve closed all Canadian operations, despite their Vancouver store being one of their highest earning stores in North America. They’ve closed several west coast stores in the US as well, citing crime but insiders had said it was because they want to move into lower cost areas instead.
Basically they’re trying to move into the market that JC Penny and Macy are leaving open, which has been slowly making Nordstrom itself much lower quality as a shopping experience.
Over the last few years they’ve turned their shopping experience into more of a dumping ground of random clutter
Perhaps going private will let them focus on treating their experience as part of the product.