Ahead of its Thursday (Feb. 4) meeting with analysts and investors, Nordstrom said it anticipates a 25 percent hike in sales this year as it focuses on smaller-format stores as part of its “Closer to You” growth agenda.
“We have a unique business model with two powerful brands, highly integrated digital and physical assets, incredible brand partners and employees who are truly unmatched when it comes to their commitment to the customer,” Erik Nordstrom, chief executive officer of Nordstrom, said in a press release on Thursday (Feb. 4).
“Looking ahead, we are building on the strengths of our market strategy to fully unlock the potential of the digital-first platform we have built to better serve customers, gain market share and drive profitable growth,” he added.
Source: Pymnts