Both Nordstrom and TJX (NYSE: TJX) succeeded by cashing in on income inequality. To explain, Nordstrom markets to the growing upper classes, while TJX sells to the cash-strapped working class.Read more
America will soon no longer be a middle class nation which is good for Nordstrom. There are more Americans with the money to shop at Nordstrom than ever before.
Bizarrely Nordstrom is a deep discounter, it just is not as public about it as TJX (NYSE: TJX) which operates TJ Maxx. Unlike TJX; which brazenly runs its stores like a giant bargain basement, Nordstrom is a quiet discounter.Read more