Report: Amazon, Macy’s among post-holiday winners
New York – Amazon.com and Macy’s reportedly look financially strong even in the wake of expected post-holiday discounting, while Sears, Kmart and J.C. Penney are not expected to be so fortunate. According to new analysis from 24/7 Wall St., Amazon.com should hold onto substantial holiday profits as long as free shipping does not impact its margins.
Macy’s and other retailers targeting the middle class are also expected to maintain holiday profits even after this week’s post-holiday sales. However, Sears, Kmart and J.C. Penney are three retailers expected to have difficulty getting rid of leftover holiday inventory even with extensive discounting, leading to potentially serious issues as the new year begins.