Home

Tags

NORDSTROM

NORDSTROM news and archive

Nordstrom posts Q3 loss, sales decline

Nordstrom, Inc. reported a third quarter net loss of 20 million dollars and loss per diluted share of 13 cents for the quarter ended October 29, 2022 and adjusted earnings per diluted share of 20 cents. For the third quarter, net sales decreased 2.9 percent versus the same period in fiscal 2021 and gross merchandise value decreased 2.5 percent....

Nov 23, 2022

ManagementFeatured

Nordstrom CFO Anne Bramman to step down in December

Nordstrom, Inc. chief financial officer Anne Bramman has informed the company of her intention to step down from her role. The company said in a release that she will remain with the company through the reporting of Nordstrom's third quarter financial results to facilitate a smooth transition. Her last day with the company will be December 2,...

Oct 18, 2022

Report

Nordstrom’s chief technology and information officer to step down

US retail chain Nordstrom has announced that its chief technology and information officer, Edmond Mesrobian, will be stepping down from his position. According to a regulatory filing, Mesrobian notified the company of his intention to leave on September 30, 2022. His last day with the group will be October 14, 2022. Mesrobian joined the luxury...

Oct 7, 2022

ManagementFeatured

Nordstrom cuts outlook despite strong Q2

Nordstrom, Inc. reported second quarter net earnings of 126 million dollars and earnings per diluted share of 77 cents. Excluding costs associated with the wind-down of Trunk Club, the company reported adjusted earnings per share of 81 cents. For the quarter, net sales increased 12 percent, exceeding pre-pandemic sales levels, and gross...

Aug 24, 2022

BusinessFeatured

Cos steps into wholesale as it partners with Nordstrom, Breuninger, Yoox

London-based fashion brand Cos is stepping into wholesale this autumn with the announcement it has partnered with three international retailers as part of its ongoing growth strategy. The brand, which is owned by Swedish fashion giant H&M, is linking up with Nordstrom in the US, where it will be sold online as well as in four stores across New...

Aug 18, 2022

ManagementFeatured

Nordstrom announces appointment of two senior executives

Nordstrom, Inc. has announced the appointment of two new senior executive leaders. The company said in a release that Deniz Anders was promoted to senior vice president and chief marketing officer, and Nina Barjesteh, a senior executive at Dick's Sporting Goods, will join the company as president, Nordstrom Product Group. "Deniz is a proven...

Jul 21, 2022

Retail |In Pictures

In Pictures: Inside Asos x Nordstrom’s first LA and NYC stores

Following the establishment of Asos and Nordstrom’s joint venture, back in July 2021, the duo has now revealed their first physical stores located in Los Angeles and New York City. The partnership between the two included a minority interest investment by the US-based retailer in Asos-owned brands, Topshop, Topman, Miss Selfridge and HIIT...

Jun 16, 2022

ManagementFeatured

Nordstrom raises outlook after strong Q1

For the first quarter, Nordstrom, Inc. reported net earnings of 20 million dollars and earnings per diluted share (EPS) of 13 cents. Excluding a gain on the sale of the company's interest in a corporate office building and an impairment charge related to a Trunk Club property, the company posted an adjusted loss per share of 6 cents. The company...

May 25, 2022

Retail

Nordstrom donated 40,000 pairs of shoes and 17,000 winter coats last year

Nordstrom last week released its 2021 Impact Report, which shares a look back at the previous year and the progress the company made towards its 2025 Corporate Social Responsibility and Diversity, Inclusion and Belonging goals. The company said it donated more than 40,000 pairs of shoes and 17,000 winter coats to kids in need via charities Shoes...

May 2, 2022

ManagementFeatured

Nordstrom announces senior leadership changes

Nordstrom, Inc. has announced the retirements of Scott Meden, chief marketing officer (CMO), and Geevy S.K. Thomas, president of Nordstrom Rack. The company also announced the appointments of Ken Worzel and Jamie Nordstrom to the newly created roles of chief customer officer and chief stores officer, respectively. Nordstrom announces retirements...

Apr 4, 2022

Retail

Marie Claire US steps into e-commerce

Fashion and beauty publication Marie Claire US has taken its first steps into e-commerce, with the launch of its new shopping experience, Marie Claire Edit. Through the platform, customers will be able to shop multiple brands via a single site, with the added ability to compare products. Additionally, the publication’s editorial team has curated...

Mar 18, 2022

Report

Nordstrom appoints Amie Thuener to board of directors

Nordstrom, Inc. has announced the appointment of Amie Thuener to its board of directors, effective March 15, 2022. "We are pleased to welcome Amie to our board and are confident her expertise will provide important contributions to the company," said Brad D. Smith, chairman of the Nordstrom board, adding, "Her experience working for some of the...

Mar 18, 2022