What: Retail veteran Walter Loebb, answers to the pessimistic Vogue article about the US department stores' future.

Why it is important: Innovation and adaptation have been at the core of department stores since their inception. Why should it stop now?

Vogue Business recently expressed pessimism about the future of department stores. Contrary to this view, there are notable examples of success and adaptation in the sector:

• Andrew Carnegie emphasized the value of people in business success.
• European and American boards function differently, with European ones being more diverse and potentially more adaptable.
• Macy's, under new leadership with Tony Spring, shows promise with innovative strategies.
• Saks Fifth Avenue made strategic changes, including revamping its beauty department to stay competitive.

In essence, with the right leadership and willingness to adapt, department stores can continue to be successful and relevant in today's market.

Yes, US department stores can save themselves