Some of Great American’s associates have held senior level positions within the department store industry, and Great American has liquidated and appraised a number of major retailers within the sector. You can rely on Great American to value inventory, as well as intangibles such as customer lists, brand names, trademarks, domain names, and more. We’ll also factor in customer demand by looking at comparable store sales and trends, as well as discounting levels and any changes in the store’s base (openings and closings).
The department-store industry includes both national and regional chains selling both name-brand and private label merchandise. The industry includes high-end department stores (Nordstrom, Neiman Marcus, Saks), as well as mid-and-lower-tier national department stores (Macy’s, JC Penney, Sears, Kohl’s) and regional players (Bon-Ton, Belk, Dillard’s). Department stores offer an assortment of general merchandise, including: apparel, footwear, jewelry, cosmetics, electronics, home goods, and toys.
E-commerce sales continue to increase as a percentage of department stores’ sales as mall traffic declines. Major retailers such as Macy’s, Sears, and JC Penney have reduced their store footprint, while Bon-Ton, in the midwest, filed for bankruptcy in 2018, and Nebraska-based Gordmans, filed for bankruptcy and liquidated its stores in 2017. In an effort to drive foot traffic, some retailers are relying on excessive discounts, to the detriment of gross margin. But it’s not entirely gloomy for brick-and-mortar retailers. Recent statistics show that consumer spending is actually increasing as it shifts among channels. In response to the shift, many department stores have focused on omni-channel efforts, working to capture sales across all channels.