Home » General World News » Analyst says Nordstrom has become a ‘victim of its own success’ as customers ditch stores to shop on its website (JWN)

Analyst says Nordstrom has become a ‘victim of its own success’ as customers ditch stores to shop on its website (JWN)





Nordstrom

  • Nordstrom’s online business is thriving, but at least one analyst says it’s happening at the expense of its physical stores.
  • The online store has been driving growth for Nordstrom in recent years.
  • Digital sales now represent 30% of the retailer’s total sales.

Nordstrom‘s online business is thriving, but at least one analyst says it’s happening at the expense of its physical stores.

The department-store chain reported third-quarter earnings after market close on Thursday.

And while its overall same-store sales numbers exceeded expectations — they were up 2.3% during the quarter — a closer look at the breakdown read more >>>

Source:: BusinessInsider.Com

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