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Fashion
Glossy 101: Why are e-concessions catching on among luxury brands and retailers?
Feb 8, 2021
During Nordstrom’s latest investor day, on Thursday, President Pete Nordstrom spoke about upcoming changes to the company's strategy. Among them: It plans to grow its partner and shared revenue streams from 5% of the business to 30%, and concessions will be the primary method of doing so. Concessions and e-concessions have become popular models in luxury fashion retail in the last year.
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