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Nordstrom news and archive

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

ManagementFeatured

Nordstrom Rack appoints three senior executives to drive growth

At its recent earnings call, Nordstrom, Inc., discussed the momentum and the progress made to date at Nordstrom Rack. The company said that Rack’s focus includes expanding offerings of the brands under its portfolio, sourcing from new vendors and creating a more efficient and optimised supply chain network. To achieve these goals, Nordstrom Rack...

Mar 16, 2022

Retail

Nordstrom stages Mach & Mach pop-up

2000s nostalgia appears to still be trending for the moment. This is evident by the Mach and Mach “Y2K Fantasy” pop-up at New York City’s Nordstrom flagship store. There has long been talk of high heels eventually going the way of the dinosaur, but au contraire. Technavio reported that the global high heels footwear market is expected to grow at...

Mar 7, 2022

Business

Nordstrom expands brand partner advertising opportunities

Multi-brand retailer Nordstrom has expanded its brand partner advertising opportunities through the Nordstrom Media Network, as part of its Closer to You strategy, which aims to bring customers a more personalised experience. New opportunities available to partners will allow for more choice and visibility of products, ultimately reaching the...

Mar 3, 2022

ManagementFeatured

Nordstrom reports strong sales and earnings growth

Nordstrom, Inc. reported net earnings of 200 million dollars or 1.23 dollars per diluted share and EBIT of 299 million dollars or 6.8 percent of sales, for the fourth quarter. For the fiscal year ended January 29, 2022, net earnings were 178 million dollars and diluted EPS was 1.10 dollars, with EBIT of 492 million dollars or 3.4 percent of...

Mar 2, 2022

Retail

Nordstrom launches in-store marketplace spotlighting Black-owned businesses

Department store Nordstrom has revealed an in-store marketplace created, in collaboration with the Black-Owned Brooklyn platform, as part of the retailer’s pop-up outlet at its NYC flagship store. As part of Black History Month, eight Black-owned businesses have been selected and curated by Black-Owned Brooklyn’s founders Tayo and Cynthia Gordy...

Feb 15, 2022

Retail

Target launches Black History Month collection

Target is celebrating Black History Month by partnering with its Black team members, designers and other visionaries for an exclusive product assortment and Black Beyond Measure marketing campaign. Its product assortment ranges from apparel and accessories to décor, including products featuring designs from its inaugural three HBCU Design...

Feb 7, 2022