There are approximately 5,000 retail stores in the U.S. owned by two department store giants: Federated NYSE:FD (Macy's, Bloomingdale's, Filenes, Hecht's, etc., about 1,000 stores), and Sears Holdings NASDAQ:SHLD (Sears and K-Mart, about 4,000 stores).
The combined market value (market cap) of Federated ($23 billion) and Sears ($27 billion) is about $50 billion, and together they hold about $15 billion of inventory. Compare that to the market value of Ebay (NASDAQ:EBAY), which is currently about $43 billion, just slightly lower that FD and SHLD together, and Ebay has NO stores and no inventory.
The combined market value (market cap) of Federated ($23 billion) and Sears ($27 billion) is about $50 billion, and together they hold about $15 billion of inventory. Compare that to the market value of Ebay (NASDAQ:EBAY), which is currently about $43 billion, just slightly lower that FD and SHLD together, and Ebay has NO stores and no inventory.
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