nordstrom local

Financials
Nordstrom Sales Fall In Q1

Nordstrom reported that its net sales decreased 3.5% for the first quarter. The company said its top-line results were impacted by three areas— loyalty, digital marketing and merchandise— which contributed to declines across its full-price and off-price businesses, in both stores and online.

Retail
Nordstrom Launching Local Small Store Concept

Nordstrom has developed a new retail concept with a local focus. Called Nordstrom Local, the company said the new format will serve as a neighborhood hub where consumers can shop and access services in a convenient, central location.