July 25, 2016

Partner Ron Friedman discussed the challenge facing Nordstrom to position itself for a rebound with the Los Angeles Times.

Los Angeles Times

By James F. Peltz

Featured Ronald Friedman, Partner, Assurance

Partner Ron Friedman discussed the challenge facing Nordstrom to position itself for a rebound with the Los Angeles Times.

Excerpt:

In mid-August of last year, warning signs at the Seattle headquarters of Nordstrom Inc. first became apparent.

Up to that point, the upscale apparel retailer, with $14 billion in annual sales, had enjoyed several years of steady sales growth and expansion. Its stock had climbed to a record high of about $80 a share.

Friedman said the “millennials’ shopping habits are completely different from the baby boomers'” who traditionally shopped at a Nordstrom store. “Nordstrom is finally getting caught up in it.”�”

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Retail & Consumer Products

Featured

Ronald  Friedman

Ronald Friedman

Partner

  • Assurance
  • Los Angeles, CA