The Boston Globe, February 13th, 2005
Is there a future for the department store? The potential merger of department store parents of Macy's and Filene's makes some wonder if the mass-market department store as we know it is dead. Squeezed at the high end by luxury retailers like Neiman Marcus and boutiques, and at the low end by Wal-Mart and Target, the Macy's and Filene's of the world need to reinvent themselves in order to survive. Already, Sears, Roebuck & Co. was forced to merge with troubled discounter Kmart Corp. "Some of them will not make it," said Annette McEvoy, a New York retail analyst and president of A. McEvoy & Ass...
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