Nordstrom is thriving amid a death spiral in brick-and-mortar retail
Filed under: Finance, Business, Industry
Nordstrom may be one of the only companies to survive the death spiral of traditional brick-and-mortar retailers.
"Our view is that the company's aggressive early investments in eCommerce infrastructure and expertise are now approaching the point of leverage, leaving us increasingly comfortable with long-term targets for low single digit revenue growth (led by eCommerce), and modest operating margin expansion, sustaining high-single digit [earnings per share] growth on a multi-year basis."