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May 23, 2007
Nordstrom Suits Up For Agressive Growth
Nordsrom has hit its stride and is making aggressive expansion plans for both its brick and mortar and online businesses. The department store chain plans to add at least 26 new stores over the next five years, as well as remodel seven of its existing stores annually.
The retailer also plans to double its online sales over the next three years to $1 billion.
The market push comes on the heels of rosy first quarter results that saw revenues rise by 9.3 percent to nearly $2 billion.
Posted by Blacks on May 23, 2007 09:02 AM
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