It’s not surprising that without enough strategic foresight, Nordstrom would default to its “lowest hanging fruit,” and apparently its easiest path to growth -- the Rack. And I could speculate the same about Kohl’s under its CEO, Tom Kingsbury, formerly the successful CEO of Burlington’s off-price chain of stores. Is Kingsbury defaulting to the model he previously led and best understands? Stay tuned for more about Kohl’s potential slippage. The Race to the Bottom Surges On There are, and will continue to be, more downsizing and/or …
Is Nordstrom Slipping into the Vortex of Deflating Value?Read More