Nordstrom's Growth Efforts Seem Promising: Buy or Hold the Stock?

Nordstrom, Inc. (JWN) is strengthening its digital capabilities, driving growth and enhancing customer engagement. It has been quite focused on driving Nordstrom banner growth, optimizing operations and building momentum at Nordstrom Rack. Digital efforts are also underway.The company’s shares have surged 31.7% in the past year, outperforming the Zacks Retail - Apparel and Shoes industry’s 16.5% decline and the S&P 500 index’s 5.4% increase. The broader Retail-Wholesale sector rose 11.5% in a year.  Let’s d ...