TGT - The Real Reason Why Target Is Crushing Department Stores

It's no secret that Target (TGT) is eating department stores' lunch. J.C. Penney (JCP), Kohl's (KSS), Macy's (M), and even Nordstrom (JWN) have all reported revenue declines ranging from 2% to 7% for the first nine months of fiscal 2019. All but J.C. Penney are facing severe margin pressure this year as well, and the only reason J.C. Penney has seen some margin improvement is because its profitability had plunged dramatically over the previous two years.

Meanwhile, Target has been posting consistently strong growth for