the (Nordstrom) brothers set out their case that Nordstrom cannot only survive the turmoil, but emerge with faster growth and a business model relevant to more of America’s increasingly demanding shoppers.
Excerpt form: https://www.ft.com/content/fd38d5ed-c6b0-4e2b-9b63-9d9501f724cb
This is an article with a dose of optimism. I hope for the best, but I really don’t believe in the success of this strategy. Any thoughts?
How'd that 20 in 2020 work out?
I thought all that was needed to overcome any troubles was a good Kaizen??
Copious amounts of optimism there. Optimism does not produce outcomes, solid strategy and execution does. We will have to wait and see. COVID-19 has changed purchase patterns & user behavior, Nordy model needs to adapt to survive
This basically calls for getting rid or gutting FLX without saying it. I’m not sure Nordstrom would hold much value if that were the case. I’d just be another TJMaxx brand of stores at that point.