Kohl's Competitors

Describe the industry in which these two companies operate and assess the competitive environment?
Both Kohl’s Corp and Dillard’s Inc represent retail industry and operate department stores in USA. The US department store industry includes about 20 companies that operate about 3,500 stores with combined annual revenue of about $60 billion. The industry is highly concentrated where the top eight companies generate about 95 percent of industry revenue.
What current economic factors affect the company’s operations?
Demand in retail clothing industry is tied to personal income and consumer spending which is a main driver for department store sales. The recent recession put a dent in sales for department stores located in developed markets