"Retail earnings are upon us, and department stores may be feeling the biggest effects from the growth of e-commerce. Melissa Gonzalez, Founder & CEO of Lionesque Group, and Jharonne Martis, Director of Consumer Research at Thomson Reuters, discuss different strategies department stores are taking in order to improve foot traffic. They explain that while opening an outlet or off-price store may be a quick fix, department stores need to focus on the bigger issues within their stores. Plus, will the beauty business save retail? How the growth of the wellness industry has people running to the stores. We also take a look at the luxury market and explain why stores like Coach and Michael Kors are giving customers more of an experience while shopping, which is leading to an upswing in luxury buying. "