Nordstrom is one of the most innovative department stores in the U.S., and its troubles don’t bode well for the entire segment.
“You need only look at something like Nordstrom’s Local as an example of one of the few remaining viable department store retailers understanding what the next chapter looks like,” retail analyst and consultant Sanford Stein, author of “Retail Schmetail,” recently told Retail Dive in an interview.
