Examples Of Nordstrom Business Risks

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Some of Nordstrom business risks are Economic Conditions, Competitive Market Forces, Growth Strategy, and Merchandise Planning. All these risks play a major role in having a successful business. For example; in 2008-2009 there was a huge recession, leading people to get laid off jobs, companies closing their door after years of business, and unemployment at an all time high. Economic Conditions played a major role in a company’s business. 2008-2009 was the height of the financial-crisis-induced recession. Without a stable economy and people are out spending money businesses begin to collapse. When jobs are loss job loss during that means that family incomes have dropped, poverty has risen, and adults as well as children

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