Nordstrom, due to the coronavirus and the urgency to reduce costs and increase efficiencies, has consolidated its merchandising team, WWD has learned.
“A little less than 40 percent of our business is in mall-based department stores. Clearly, it will be less than that in 2020,” Pete Nordstrom, president and chief brand officer, said in an interview with Dana Telsey of the Telsey Advisory Group on Tuesday. “Rack is not caught up in a lot of dynamics detrimental to malls. That business has been solid and strong, even during COVID-19. Rack has performed better than a mall store,” he said.
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