Late last year Nordstrom opened the first Nordstrom Local on Melrose Avenue in Los Angeles.
Cowen and Co. downgraded Nordstrom's shares as same-store sales at the upscale retailer's brick-and-mortar stores decline and its discount division, Nordstrom Rack, faces pressure.
The note from Cowen analysts Monday, noting short-term concerns about investments and slow sales, is a perfect example of why the Nordstrom family wanted to take the retailer private.
The companies, BevyUp and MessageYes, are aimed at digital selling and conversational commerce, indicating that Nordstrom is buckling down on mobile.
Jim Cramer tracks the drama at Nordstrom, a recovering retailer in the midst of takeover negotiations.
The partnership could help Nordstrom win back some market share that department stores have lost to specialty and mass merchants.
The committee rejected a proposal from the Nordstrom family.
The retailer's “The Market @ Macy's” concept resembles New York City's Story, Chicago's Pop Box and Nordstrom's “Pop-In” efforts.
But even some of the brands with good scores — like Macy's and Nordstrom — are facing strong headwinds in other areas.
Macy's, Sears, Kohl's, J.C. Penney, Nordstrom and Hudson's Bay have set different goals to achieve in the coming months.