Paul Swinand

"Guys hate shopping," said Brian Spaly, the chief executive of Trunk Club, a shopping website for men, "but love to look good." As retailers have come up with new ways to target men, Nordstrom has been riding the wave. It plans to announce on Thursday that it's agreed to purchase Trunk Club, a five-year old website that sells about 100 brands of men's apparel, for an undisclosed amount. It's the latest sign that men aren't the only ones taking their sartorial habits seriously. 

Paul Swinand, Morningstar analyst, breaks down the retailer's first quarter results and suggests possible turnaround strategies for the company.