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Nordstrom Investor Day 2021: “Closer to You” Strategy Seeks To Expand Inventory by 5X and Lower Prices at Nordstrom Rack

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Coresight Research

What's Inside

The Coresight Research team attended Nordstrom’s virtual Investor Day on February 4, 2021. We present our top takeaways from the event, including the company’s views of the shifting retail landscape and Nordstrom’s three initiatives under its digital-first “Closer to You” market strategy.

Click here to read more Coresight Research coverage of Nordstrom.

CONTENTS

What’s the Story?

The Shifting Retail Landscape: Customers Are Younger; Spending Is Polarized; Digital is Driving Decisions

“Closer to You” Strategy: Three Initiatives

  1. Winning in Its Most Important Markets
  2. Broadening the Reach of Nordstrom Rack
  3. Increasing Digital Velocity

Financial Outlook

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