Nordstrom's Latest Move Is Smarter Than You Think
Nordstrom, Inc. (NYSE: JWN) stock fell as much as 5.4% on Monday after the company said it would test a new store concept.
The department store chain plans to open a store with no dedicated inventory in West Hollywood, California. Dubbed Nordstrom Local, the "neighborhood hub" will give customers access to services like personal stylists, alterations and tailoring, in-store pickup, and manicures, Trunk Club services, and others.
Nordstrom Local will occupy a space of just 3,000 square feet, compared to the 140,000 square feet of a full-line Nordstrom store.
Source: Fool.com
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