Nordstrom Local Becomes the Latest Brick-and-Mortar Experiment to Win Back Shoppers
Nordstrom (NYSE: JWN) recently revealed plans for a new store concept -- Nordstrom Local will be much smaller than the typical department store while offering services, including manicures, personal stylists, returns, and more.
In this episode of Industry Focus: Consumer Goods, Vincent Shen and senior Motley Fool contributor Asit Sharma explain why Nordstrom is experimenting with this unconventional retail storefront and how Nordstrom Local is just another example of a trend that's sweeping through the retail sector.
The team also takes time to discuss the potential for Amazon's (NASDAQ: AMZN) new headquarters and the outlook for Starbucks (NASDAQ: SBUX) since founder and CEO Howard Schultz handed over the reins to Kevin Johnson.
Source: Fool.com
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