Business Analysis: Nordstrom
China market is drastically growing at a rate of approximately 30 percent since the past recent years. Therefore, from a business standpoint it is logical and best for Nordstrom to expand in a country where the retail industry is developing; so, Nordstrom can get an opportunity to significantly contribute to the country’s economy and Gross Domestic Product (GDP). This opportunity seems promising and solid if planned work and decision-making are executed effectively. The government of China consists of business licenses and enrollment applications for International companies that wants to expand in China.
Despite the uncertainty or unpredictable state of the global economy and infatuation of trade rates, Nordstrom remains in good standing, …show more content…
Nordstrom strongly believes that investments like this expansion is an imperative opportunity that the company takes great pride and joy in, that will bring productivity, profitability, returns to shareholders and success to the company. In addition, Nordstrom has to ensure that any country they desire to expand their business in, it will guarantee growth and success from a strategic standpoint. This is seen as an initiating retail contribution and movement that can consider the demand of Chinese customers who comprehend the lifestyle and quality that Nordstrom will try to live up …show more content…
However, in order to predict success, Nordstrom has to study the behavior and pattern of the Chinese consumers. In China, the government has some vast capital regulations implemented, however, it is particularly and sagaciously destroying these regulations. From the microeconomics information that Nordstrom gathered, the company can make a strategic decision if the expansion will be a success or a financial loss. It is imperative for organizations to expand in foreign countries that offer labor force to drive profits. Nordstrom expansion and the favored masses will help in store improvement. In 2016, several retailer companies have assumed that off value retail will expect a greater part in the conventional lifestyles in the short run (FBIC,
Despite the uncertainty or unpredictable state of the global economy and infatuation of trade rates, Nordstrom remains in good standing, …show more content…
Nordstrom strongly believes that investments like this expansion is an imperative opportunity that the company takes great pride and joy in, that will bring productivity, profitability, returns to shareholders and success to the company. In addition, Nordstrom has to ensure that any country they desire to expand their business in, it will guarantee growth and success from a strategic standpoint. This is seen as an initiating retail contribution and movement that can consider the demand of Chinese customers who comprehend the lifestyle and quality that Nordstrom will try to live up …show more content…
However, in order to predict success, Nordstrom has to study the behavior and pattern of the Chinese consumers. In China, the government has some vast capital regulations implemented, however, it is particularly and sagaciously destroying these regulations. From the microeconomics information that Nordstrom gathered, the company can make a strategic decision if the expansion will be a success or a financial loss. It is imperative for organizations to expand in foreign countries that offer labor force to drive profits. Nordstrom expansion and the favored masses will help in store improvement. In 2016, several retailer companies have assumed that off value retail will expect a greater part in the conventional lifestyles in the short run (FBIC,