Over the past five fiscal years, while Nordstrom has reflected a decline in their Inventory Turnover ratio, which reflects a company’s ability on average to sell and replace their inventory during the year, their ratio has remained well about the industry average of 3.91, with their inventory turnover ratio for the 2015 fiscal year being approximately 4.71. Thus, Nordstrom has been able to sell and replenish their goods frequently, which is a good thing because in the fashion industry, some styles can become obsolete very quickly, so if a company is able to have a high rate of inventory turnover, they can ensure that at the end of the fiscal year, they are not left with a high amount of inventory that they are unable to get rid of to make a profit. On the other hand, over the past five fiscal years, Macy’s has recorded inventory turnover ratios that are well below the industry average with their ratio for the 2015 fiscal year being the lowest at 2.99. This indicates that during the year, Macy’s is able…