Keller Graduate School of Management

FINANCIAL MANAGEMENT CAPSTONE 600

Executive Summary: JC Penny-Kohl's merger

Professor Thomas Barrett

June 25, 2014

INDUSTRY AS A WHOLE

In the United States alone, the retail sector includes over one million stores and accounts for four trillion dollars of revenue in fiscal year 2013. To allow for more a detailed analysis, the retail industry is broken down into subcategories including food and beverage retail, motor vehicle dealers, drug and cosmetic retail, and apparel and accessory retail. Apparel retail, the largest of these sectors, generates most of its profits from women's clothing, which accounts for 53% of total revenues. Also of great importance is the retailers' ability to keep up-to-date on the trends because "being behind...