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Nordstrom experienced a less than stellar first-quarter performance. While sales increased 2.5%, it experienced a comp decrease of 1.7%, which fell short of its planned low single-digit increase. Perhaps, Nordstrom’s plan to expand its loyalty program on May 18 comes at an opportune time.
“Despite our focused efforts to manage through this current environment, we are not satisfied with our results,” Nordstrom Co-President and Director Blake Nordstrom said during the company’s May 12 earnings call, according to....
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