Why Nordstrom is the Amazon of Department Stores
The luxury department store chain laid out its five-year plan for e-commerce and store expansion, showing how it's focused on growth rather than profits. Nordstrom and Amazon.com have a lot more in common than their hometown of Seattle. Just like Amazon, Nordstrom has been spending big on technology, warehouses and expanding into new businesses. And like Amazon, sales have grown rapidly — while its profit shrinks.