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Internet Retailer reports that Nordstrom Inc. plans to “spend almost $1 billion over the next five years to continue to support its e-commerce infrastructure, chief financial officer Michael Koppel told Wall Street analysts on the company’s recent year-end earnings call.”

The investment is a direct reflection of where Nordstrom sees its growth taking place. Over the past year, what it calls “direct” sales, which is almost completely online sales, were up 30 percent, while total sales were up just under 13 percent and same-store sales were up a little more than seven percent.
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