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Are department stores doomed?

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Dr. Moses Altsech is with the University of Wisconsin schools of business and human ecology, and the president of Altsech Consulting. He talks about whether or not department stores are doomed on Live at Four.

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moses altsech department stores economy abide act breathe continue endure hold inhabit last live move obtain persist prevail remain rest stand stay subsist survive be alive go on have being have place cease depart die discontinue forsake give up halt idle leave lose pass quit refuse reject stop transpire befall occur come about come to pass take place Ares Finance Punk A R E ares administration agency area board branch bureau commission division office staff station unit arena beat canton circuit commune constituency force parish precinct quarter range subdivision territory tract ward whole province business duty domain classification jurisdiction avocation sphere vocation occupation slot realm field bailiwick function niche incumbency assignment spot specialty capacity line class berth responsibility dominion activity wing walk of life irresponsibility pastime fun entertainment president admiral advisers cabinet chair chairperson chargé d'affaires command commander committee consulate department directors embassy executive executives feds front office general governing body headquarters legislature management ministry officers officials powers presidency presidium stewards supervisors top brass upstairs agencies company firm arm affiliate authority block detachment ell extension offshoot power projection section sector body main incompetence weakness salt mines service setup shop store categories grade group grouping head heading kind league level list order pigeonhole rank sort tier stock abundance accumulation backlog cache fount fountain fund hoard inventory lode lot mine plenty plethora provision quantity reserve reservoir savings spring stockpile treasure wares wealth well nest egg few lack little need scarcity want debt box magazine depot bank conservatory tank repository arsenal pantry warehouse storeroom treasury depository stable vault barn storehouse shop department store shopping center emporium boutique outlet market grocery store mart super stand supermarket convenience store discount store deli chain store showroom drugstore discount house five-and-dime five-and-ten specialty shop superette save hide stash freeze accumulate deposit put keep bury pack amass bin plant squirrel park hive garner hutch can bottle cumulate lay up put away salt away sock away lock away victual mothball keep in reserve lay away lock up pack away put by put in storage roll up save for rainy day divide dissipate reveal spend waste throw away use disburse disperse uncover squander provisions board chow fare feed fodder food forage groceries provender rations stores viands victuals supplies foodstuffs items material materials necessities raw materials replenishments store support alimentation alimony allowance care livelihood living maintenance nutriment payment relief responsibility subsidy subsistence sustenance upkeep stop opposition discouragement block neglect frustration disapproval fun entertainment supports ill-fated wrecked bedeviled bewitched convicted cursed damned destroyed done fated foreordained lost menaced overthrown overwhelmed predestined reprobate ruined sentenced sunk suppressed threatened undone unfortunate cut down dead duck done for fey ill-omened in the cards kiss of death luckless que sera sera star-crossed thrown down unredeemed blessed intact nice protected restored saved successful hopeful lucky accursed condemned doomed hexed bound apprenticed articled bent bounden certain coerced compelled constrained contracted driven duty-bound enslaved firm forced having no alternative impelled indentured intent made necessitated obligated obliged pledged pressed required restrained sure under compulsion under necessity urged unbounded free allowed unrestricted permitted irresolute damndest all-fired anathematized bad blankety-blank blasted bloody blooming confounded cussed damnable dang darn darned despicable detestable doggone dratted execrable gone to blazes infamous infernal loathsome lousy revolting unhappy voodooed likeable cherished good welcome praiseworthy favored destined at hand brewing closed coming compulsory designed directed forthcoming hanging over impending in prospect in store in the wind ineluctable inescapable inevitable inexorable instant intended looming meant menacing near ordained overhanging predesigned predetermined sealed settled stated that is to be that will be threatening to come unavoidable way the ball bounces unsettled remote distant avoidable Moses Finance Punk moses chain store discount store shop store anchor store dime store five-and-dime store outlet store market\u002Fmart bazaar bodega booth business co-op corner store deli delicatessen department store dimestore drugstore emporium exchange fair general store grocery store mall mart outlet shopping mall showroom souk square stall stock exchange supermarket trading post truck variety store warehouse markets marts boutique chain five-and-dime market mill stand convenience store discount house five-and-ten repository shopping center specialty shop storehouse super superette need debt stores recession abridgement austerity care carefulness caution curtailment cutback decrease deduction direction discretion husbandry layoff meanness miserliness moratorium niggardliness parsimony providence prudence reduction regulation restraint retrenchment rollback shrinkage stinginess supervision thrift thriftiness parcity sparingness addition carelessness disregard enlargement expansion extravagance imprudence increase indiscretion neglect negligence raise spending thoughtlessness squandering baldness bareness dourness economy plainness primitiveness rusticism severity simplicity spareness spartanism starkness unadornment luxuriousness elaborateness indulgence mildness meekness gentility calmness blandness brevity conciseness concision condensation crispness curtness ephemerality impermanence pithiness pointedness succinctness terseness transience transitoriness lengthiness permanence longevity conservation attention cherishing conservancy conserving control custody directing governing guardianship guarding keeping maintenance management managing preserval preserving protecting protection safeguarding safekeeping salvation saving stewardship storage supervising sustentation upkeep waste destruction ignorance cut decrement downsize fall lessening lowering praise nicety compliment abatement belt-tightening decline reversal dispensation administration plan scheme system veto denial disorganization Economy Finance Punk
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