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No Store Is Safe
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The latest retailer experiencing trouble is Nordstrom which is firing 400 workers and blames a shift to online selling. Here's why this is significant: Nordstrom does everything critics say needs to be done by retailers to preserve their businesses- great service, great quality, not totally outrageous prices, in good locations. And they still are finding business shrinking. If it happens to them, what chance do stores with less going for them have? (Bloomberg via Bergen Record)
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