Thursday, October 26, 2017

Nordstrom Doubles Down on Discount Format as Retail Woes Deepen

With its buyout plans on hold, Nordstrom Inc. is under intense pressure to find answers to the department-store slump.

Key to that effort is reviving what was once a long-time bright spot for the chain: Nordstrom Rack. The discount stores had been helping the company cope with a slowdown at its full-price formats, but now they are in need of their own jump-start. Same-store sales and traffic have stalled at Nordstrom Rack this year.. . . more

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