Nordstrom, Inc. (NYSE: JWN) stock fell as much as 5.4% on Monday after the company said it would test a new store concept.
The department store chain plans to open a store with no dedicated inventory in West Hollywood, California. Dubbed Nordstrom Local, the “neighborhood hub” will give customers access to services like personal stylists, alterations and tailoring, in-store pickup, and manicures, Trunk Club services, and others.