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Department stores suffer from growing digital sales

April 5, 2016

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However much Amazon.com AMZN -0.90% is pulling away from most of its brick-in-mortar rivals in the e-commerce wars, department stores have been able to grab a sizable piece of the e-commerce pie.

According to an analysis by Credit Suisse published on Friday, some 14% of revenue at the major department stores that anchor U.S. malls came from e-commerce last year, double the rate from four years earlier. Not bad for companies that are viewed by many as dinosaurs in the digital age.

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