Does Nordstrom Really Think a Store With No Clothes in It Is a Good Idea?
What's next? Grocery stores that don't sell food? Liquor stores with no alcohol? Appliance sores that don't stock washers, dryers, and refrigerators? Well, if they follow the trail Nordstrom (NYSE: JWN) is blazing, that's exactly what they'll do.
The clothing retailer earlier this month announced that it will be opening a new, small-format store called Nordstrom Local that will be devoted to everything but clothing. Want to get your nails done? Sure, there will be a salon on premises! A glass of wine or beer for an afternoon libation? Come on in! The bar will also have fresh-pressed juices and espresso. Need your clothes hemmed or taken in? Step right up! There are on-site tailors to assure your clothes fit perfectly. Want to shop for a new pair of jeans or a dress? Whoa! What do you think this is, some kind of clothing store or something?
Image source: Nordstrom.
Source: Fool.com
Nordstrom Inc. Stock
Currently there is a rather negative sentiment for Nordstrom Inc. with 4 Buy predictions and 10 Sell predictions..
This results in a negative potential of -32.46% based on a current price of 19.25 € and a target price of 13 € for the stock.
