Explain how Nordstrom achieved competitive advantages based on the attached analysis. Also, basedon the attached analysis, what are the major strategic issues and challenges that Nord storm should address? Please also suggest recommendations for a new strategic direction and How it should be implemented. Please embed literature review and provide references

The department store chain known as Nordstrom is a specialist business in the fashion sector that caters to customers of all ages by providing them with apparel, shoes, accessories, cosmetics, and home products. Nordstrom is one of the most well-known names in the retail industry. The retail industry of women's clothing is driven by Nordstrom, which maintains a dominant position due to the 326 stores it operates across the United States, Canada, and Puerto Rico in addition to the 200 Nordstrom Rack sites it operates. This gives Nordstrom a total of a monopolistic position in the industry. Whether customers do their shopping in-store or online, the company is working toward its goal of providing customers with an amazing shopping experience by stocking a wide variety of products and services that can be purchased by the customer. This will allow the company to fulfill its mission of providing customers with an amazing shopping experience. We will present an overview of the current company and operations of Nordstrom in this post. This review will include topics such as the product markets that Nordstrom now serves, the locations of their stores, and their current strategy. Product Markets Served Clients of the department store Nordstrom have access to a wide array of products that originate from a number of distinct marketplaces when they make their purchases there. They provide a diverse selection of products, which can include but are not limited to things such as apparel, footwear, purses, jewelry, cosmetics, and home furnishings, amongst other things. In addition to selling items under their own brand, they also carry a number of other labels, some of which are more expensive than others while others are more reasonably priced. The prices of the many brands might vary greatly. In order to fulfill the requirements of its clients and maintain its position as the