By  on February 21, 2013

After a strong performance in 2012, Nordstrom Inc. is prepared to spend big to ramp up Rack, enter Canada with both full-line and Rack outlets, accelerate its direct business and mobile operations and build a Manhattan flagship.

Over the next five years, the Seattle-based upscale chain will practically double its capital expenditures to $3.7 billion, compared to the $1.9 billion spent over the last five years.

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