Retail Industry
Industry: Email Alert RSS FeedNordstrom debut cuts both ways. (new store in Galleria, Dallas, Texas)
Footwear News, May, 1996 by Macdonald, Laurie
Dallas, TX, retailers, especially shoe stores, feared overwhelming competition from the new Nordstrom Inc. store that opened Mar 22, 1996, at the Galleria. Sellers of moderately-priced shoes found that sales increased about 11%, compared with the same period in 1995. However, retailers of more expensive shoes reported only a rise in customer traffic. Nordstrom plans to open a new store in Troy, MI, in Aug 1996.
DALLAS - The much-bally-hooed Nordstrom store opening in Dallas' Galleria has left many retailers wondering if their new neighbor is a friend rather than a foe.
Along with Wal-Mart, Nordstrom is one of the few chains in the country that incites a degree of panic among retailers when word of its impending arrival in a market gets out. Shoe retailers in...
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