Democrats such as Elizabeth Warren had their eye on business and the working class during the first 2020 presidential primary debate in Miami.2020 Electionsread more
Chinese President Xi Jinping is expected to present U.S. President Donald Trump with the terms it expects the U.S. to meet before Beijing is willing to settle the countries'...World Economyread more
Boeing shares fell on Thursday after the FAA said it had found another software issue with the company's grounded 737 Max aircraft.Marketsread more
Huawei's legal chief told CNBC that the company makes "solutions for civil use."Technologyread more
The Chinese Ministry of Commerce maintained a firm stance against the U.S. during a weekly press conference on Thursday, less than two days ahead of a scheduled meeting...China Economyread more
Carl Icahn ratcheted up his fight with Occidental Petroleum over its pending purchase of rival Anadarko Petroleum by calling for a special shareholder meeting where he hopes...Energyread more
As the Dow closes in on records, just four stocks have been shut out of the rally. Some could be on the verge of a major breakout.Trading Nationread more
Walgreens Boots Alliance reported fiscal third quarter earnings that beat Wall Street's expectations Thursday before market open.Health and Scienceread more
The issue over health insurance marked the first stark divide among the candidates, and sparked a heated back-and-forth between many of the candidates on stage.Politicsread more
Four candidates mentioned China — but none of the Democratic contenders brought up trade in the debate.Politicsread more
Credit Suisse initiated coverage of Tesla Wednesday with an "underperform" rating and a price target 15% below where the stock closed.Marketsread more
Nordstrom is trying something different: stores without inventory.
The department store chain announced on Monday that it's preparing to roll out a new line of stores, called Nordstrom Local.
The first of its kind is set to open in West Hollywood, California, on Oct. 3. The stores will be 3,000 square feet, instead of a typical Nordstrom box size of 140,000 square feet.
Here's the kicker: Nordstrom Local will have eight dressing rooms where shoppers may try on clothes, but stores won't actually keep inventory for purchase in stock. Instead, Nordstrom will be pulling merchandise from other mall-anchored stores and from its website.
"Shopping today may not always mean going to a store and looking at a vast amount of inventory," Shea Jensen, Nordstrom's senior vice president of customer experience, said in prepared remarks. "It can mean trusting an expert to pick out a selection of items."
Personal stylists will be doing most of the work at Nordstrom Local, curating outfits for shoppers and trying to ease the stress many face of finding the perfect look.
Nordstrom Local shops will also have "bars" in stores, where thirsty shoppers can order juices or wine, the company said.
Other experiences at Nordstrom Local locations will include manicures and on-site tailoring. Nordstrom's "Buy Online, Pick-Up In-Store" service will also be available. Same-day delivery will be an option for shoppers who visit Nordstrom Local and select items before 2 p.m., the company explained.
Slimming down in size has certainly been a big trend in the world of retail of late. Sears, for example, earlier this year announced its smaller-format store concept, which will only sell appliances and mattresses.
Target offers another example of a big-box retailer rolling out smaller locations throughout the U.S., mainly in urban hubs.
And traditionally e-retailers like Bonobos, Warby Parker and Rent The Runway have started opening up physical "showrooms" for shoppers to try on product, but not at the expense of the companies having to hold excessive inventory in stores.
As far as department store chains go, Nordstrom is often considered by analysts to be the best of its class, setting the pace for the rest of the industry. During the second quarter, Nordstrom posted same-store sales growth of 1.7 percent, easily outpacing Street expectations.
"It remains clear to us that Nordstrom is on a much better trajectory than most other players in the department store segment," GlobalData Retail Managing Director Neil Saunders said at the time.
While Nordstrom is still opening a slew of typical-size, mall-anchor stores, its latest strategy to move toward smaller locations shows how the company is battling retail headwinds.