Department store sales are improving and many of the big chains are doing a good job controlling inventories after a dismal start to the recession. But for this to continue, they're probably going to start closing some doors, according to one analyst."We'll see more stores close than open in 2010," says Walter Stackow, who follows retail for Manning & Napier, in a Reuters interview.The article didn't predict which chains would pare back, but pointed out that Kohl's is winning its competition with J.C. Penney, and Nordstrom is outperforming Saks, so that might hold some clues. The main hope for Macy's and J.C. Penney is that consumers will shift away from the deep-discount apparel players like TJX Cos. and return to a regular-priced environment.What department stores do you see closing doors this year, or do you think the major chains can get by without shedding real estate?ALSO: Walgreen's Duane Reade Acquisition Makes it King of New York

NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.