Nordstrom teams with Asos to draw younger shoppers
Nordstrom has acquired a minority interest in four fashion brands owned by Asos -- a deal that could signal a larger partnership between the US- and UK-based retailers in the future, Nordstrom President and Chief Brand Officer Pete Nordstrom said. The deal includes Topshop and Topman, for which Nordstrom will have the exclusive North American retail rights, as well as Miss Selfridge and HIIT, and the move indicates Nordstrom is setting its sights on younger shoppers.