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Nordstrom's men's store is a cut above department store competitors, but will shoppers show up?

Nordstrom Inc.'s JWN, -2.03% new Manhattan men's store is getting high marks from Susquehanna Financial Group, however analysts wonder if consumers will show up. "While the service offerings and destination activities (such as a bar, coffee shop, shoe shine, tailoring and express alterations) are great, we're concerned they may not be enough to generate significant customer traffic," analysts led by by Bill Dreher wrote. Analysts say the whole lot from the shop structure to the brands it carries, a lot of which might be unique or another way laborious to find, "are clearly superior to all of Nordstrom's department store competitors," however they do not think it is sufficient to make a large impact on all of the company. Still, gross sales numbers have been sturdy even before the authentic April 12 opening day, and analysts think Nordstrom's New York City shops - a separate location across the side road is below development - "will quickly become the best stores in their fleet." Analysts take care of their impartial stock score and $45 value target because of challenges with the department-store trade fashion and different "unknowns." Nordstrom ended talks to head personal ultimate month. Shares are down 2.1% in Friday trading, and down 8.7% for the past 3 months. The SPDR S&P Retail ETF XRT, -1.33% is down 6.8% for the ultimate 3 months and the S&P 500 index SPX, -0.29% has slumped 4.five% for the period.