The retail industry is witnessing a pivotal change as Nordstrom and Macy's shift from traditional inventory accounting to cost-based methods, providing a clearer picture of profitability. This evolution emphasizes the need for accuracy and adaptability in modern retail to enhance financial health and transparency.• Nordstrom and Macy's lead a transition in inventory accounting • Traditional retail accounting creates distorted financial metrics • Cost accounting offers a clearer view of profitability • Advanced technology enables accurate financial tracking • A broader trend in the retail industry emphasizes accuracy • This shift is essential for competitiveness and investor appeal

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