Why is Nordstrom Making Money?
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.
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