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Here’s the Inventory Issue Nordstrom Didn’t Expect to Have

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Nordstrom found itself facing an unexpected hiccup when it slashed expenses and began battening down the hatches when the coronavirus pandemic swept the nation in March. The retailer’s “very conservative approach” to managing COVID-19’s disruption, said president and chief brand officer Pete Nordstrom, meant drastically pulling back on orders and whittling down inventory in the…

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