Nordstrom Sees 2018 as ‘Pivotal' Year
7 days ago - By WWD
Nordstrom Inc., reporting a 38 percent leap in first-quarter profits driven largely by an 18 percent digital sales gain, expects 2018 to be a “pivotal” year for performance improvement.
Recent investments in such areas as digital, Rack's expansion into Canada, the 47,000-square-foot three-level New York men's wear store, and improvements to Rack stores in the U.S. are expected to feed stronger results this year. In addition, Nordstrom now sees the potential to scale up its Local format, which it has been trialing in one location in Los Angeles.
Nordstrom officials did not comment on the...
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