Nordstrom, Inc. JWN has been benefiting from strength in the technology space, driven by robust e-commerce and digital networks as well as improved supply-chain channels and marketing efforts. Also, expanded pickup options to 350 stores, including Nordstrom and Rack outlets along with two-day delivery or next-day pickup facilities in 20 markets, bode well. Notably, digital sales advanced 24% in fourth-quarter fiscal 2020, representing 54% of Nordstrom’s sales.Moreover, broad-based improvement across the Nordstrom and Nordstrom Rack brands both in stores and online, positive response to the company’s gifting range and overhead cost reductions led to better-than-expected fiscal fourth-quarter results. Moreover, management issued an upbeat fiscal 2021 view. The company anticipates total revenue growth of more than 25%, with digital representing 50% of sales. Driven by expectations of improved gross margin and moderating of cost pressures, it expects EBIT margin to be 3% of sales in fiscal 2021. Also, stores are likely to remain open throughout 2021.Further, the company, which shares space with L Brands (LB), Tapestry (TPR) and Gap (GPS), remains focused on its restructuring efforts to stay afloat amid the coronavirus situation. Notably, it surpassed the target of $370-$420 million in cash savings for fiscal 2020, net of COVID-related charges, driven by strong execution of its plans to create a leaner and more efficient organization. This led to more than $300 million of cash savings in fiscal 2020 as permanent overhead reductions.However, it continues to struggle with soft sales and dismal store traffic due to continued impacts of COVID-19. Also, higher COVID-related costs stemming from lower sales volume, higher labor and shipping expenses, along with higher promotions remain concerns.Bottom LineDespite pandemic-related woes, we hope that the solid online show and robust demand are likely to aid Nordstrom’s top line and position it for better growth in the near term.5 Stocks Set to DoubleEach was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Nordstrom, Inc. (JWN): Free Stock Analysis Report To read this article on Zacks.com click here.