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You probably don't need me to tell you how the retail sector has transformed over the past few years. If you've driven past a mall lately, you know it's pretty grim out there for brick-and-mortar outlets.
In the coming months, over 100 Sears and Kmart stores will close. Popular teen-centric clothing store Forever 21 just filed for bankruptcy protection. Heck, I was on Bed Bath & Beyond Inc.'s (NASDAQ: BBBY) earnings call when management announced the closure of 20 more stores (up from 40).
You can chalk that up to Amazon, or folks going directly to their favorite brands online, or rapid delivery – it's all those things.
But there's always an exception, and now there's one "legacy" retailer that refuses to be broken. The department store just announced some big changes that should add up to one of its best holiday shopping seasons ever.
About the Author
Tom Gentile is widely known as America's #1 Pattern Trader thanks to his nearly 30 years of experience spotting lucrative patterns in options trading. Now, he's diving into the biggest market in the world - one that almost no one has heard of before.