Analyst says Nordstrom has become a ‘victim of its own success’ as customers ditch stores to shop on its website (JWN)
|11/16/2018||Posted by BusinessMediaguide.Com under General World News||
- 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 >>>