What Myer can learn from Nordstrom

Intelligent Investor

Independent Financial Research

What Myer can learn from Nordstrom. Myer's share price recently fell 16% following another lousy result, and is down 50% since reaching four dollars four years ago. In contrast, the share price of US retailer Nordstrom has doubled over the same period. Unlike Myer, however, whose sales have gone nowhere over the past four years, Nordstrom's sales have increased nearly 50%. The question Myer shareholders should be asking is why are Nordstrom's sales increasing so fast while Myer's have stagnated, despite Australia's economy being so strong. One of the key reasons is that Nordstrom's management has been prepared to think long-term by investing billions in technology so that customers can easily compare, buy, try and return goods utilising the company's store and online network. (VIEW LINK)


Intelligent Investor
Intelligent Investor
Independent Financial Research

Intelligent Investor is an independent financial research service with a 14-year history of beating the market. Our value investing approach empowers Australians to make more informed decisions to build their long-term wealth. We off structural...

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