Nordstrom invests $16 million in online retailer Bonobos

Upscale department store chain Nordstrom has invested $16 million in online men's apparel retailer Bonobos, and will start selling the e-commerce company's styles online and in 20 of its stores. "We’ve been thinking about where growth is going to come from across all retail over the next 10 years," said Nordstrom.com's Jamie F. Nordstrom. "And certainly square-footage growth is not where that growth is coming from."

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New York Times (tiered subscription model), The · Internet Retailer

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