Assessment of Key Departmental Stores in US based on Real Estate productivity (200911) November 2011
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Real Estate productivity
Revenue per sq. foot FY 2009, 10 and 11 (USD) < 500 stores
71 +
B/n 500 and 1500 stores
634
> 1500 stores + / - store additions and deletions b/n 2009 and 11
1106 +-
4038 ++
851+
1089 +
161 162 152
157 145 145
Sears Holdings
Macy's
J. C. Penney
The productivity of Sears is comparable to Macy’s as well as J C Penney despite they being 1/5th or 1/4h the size of Sears
382 356
414
367 369 345
308 -
222 223 218
153 159 152
275 144 137 136
124 113115
Kohl’s
473 463
104 + -
204 +
Nordstrom
2009
Dillard’s
2010
Saks
2011
The BonTon Stores
786 +
305 + 158 145141
114103102
Stage Stores
Neiman Marcus
Belk
There is a reason to believe that some chains have improved the store productivity by hiving-off some nonperforming stores; overall Dillard’s and the Stage Stores register less productivity
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