How has Nordstrom managed to stay profi table heads and tails above the competition? It brought time-honored

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How has Nordstrom managed to stay profi table heads and tails above the competition?

It brought time-honored retail practices—keeping customers happy and managing inventory tightly—

into a new era. Nordstrom hopes to inspire customer loyalty with its recent $150 million investment in an ultramodern inventory management system.

Th e upgrade, spearheaded by the fourth generation of Nordstrom family members in corporate leadership, accomplished two key goals: correlate purchasing with demand to keep inventory as lean as possible, and present both customers and sales associates with a comprehensive view of Nordstrom’s entire inventory, including every store and warehouse.

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Exploring Management

ISBN: 9780470878217

3rd Edition

Authors: John R. Schermerhorn

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