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Stock impact report

Why are department stores still selling furniture on-site? [Yahoo! Finance]

Macy's Inc (M) 
Last macy's inc earnings: 2/25 06:55 am Check Earnings Report
US:NYSE Investor Relations: macysinc.com/ir
Company Research Source: Yahoo! Finance
At the moment, the few remaining furniture-selling floors have largely turned themselves over to the folks at Santaland, bringing in toys, seasonal trim-a-trees, and just about anything but home decor. Categories like home textiles, housewares and tabletop get some traction—who doesn't love a nice air fryer or towel set under the Christmas tree? Even so, it'll be back to business as usual come January. The problem is that, for department stores, usually there just isn't enough business when it comes to furniture. Some of the higher-end department stores like Saks Fifth Avenue and Neiman Marcus have been out of the furniture business for generations. Regional player Von Maur was never in the home game to begin with. Nordstrom has dabbled in the category—more on that later—but has never been serious about home. Belk carries furnishings in some of its larger formats and has at least one dedicated, freestanding home store, but many of its smaller locations just don't have the space for Show less Read more
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