Did Nordstrom Just Show Us the Future of the Department Store?
Two months ago, fashion retail giant Nordstrom (NYSE: JWN) opened a new state-of-the-art store at Los Angeles' Westfield Century City mall, relocating from an older store at the nearby Westside Pavilion. The store features a full-service bar and restaurant, a boutique area featuring a rotating selection of stylish new brands, and complimentary consultations with personal stylists.
On the very same day, a little more than three miles away, Nordstrom opened a second store. This one was just 3,000 square feet -- 2% of the size of the new Century City store -- and doesn't have any dedicated inventory, focusing on services instead.
Nordstrom opened a small-format concept store in early October. Image source: Nordstrom.
Source: Fool.com