In recent years, department stores have continually blamed their anemic growth on a shift in U.S. consumer spending habits. The rising popularity of off-brand retail and fast fashion and consumers' infatuation with e-commerce platforms have been two of the primary culprits.
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Today's department stores often serve as showrooms for leading online platforms and specialty stores. The broader pullback has pushed future earnings prospects down as retailers cope with a tougher market. With no signs of a bounce back any time soon, retail earnings this week are sure to paint an ugly picture.
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