nordstrom news and archive

Nordstrom holiday sales drop by 22 percent

Nordstrom, Inc. has reported a net sales decline of approximately 22 percent for the nine-week holiday period ended January 2, 2021. The company said, combined November and December sales were in-line with its expectations for a decrease in the low-twenties percentage range for the fourth quarter. Sales trends increased sequentially by...

Jan 14, 2021

People

Alexis DePree joins Nordstrom's executive team

Nordstrom has announced that its executive vice president and chief supply chain officer, Alexis DePree, will join the company's executive team, effective January 3, 2021. This decision represents Nordstrom's focus on its supply chain as a critical area for serving customers both in stores and digitally. “With the acceleration of digital sales...

Dec 28, 2020

Report

Chief Supply Chain Officer Alexis DePree named to Nordstrom's executive team

As Nordstrom continues to scale its market strategy to better serve customers on their terms, gain market share and increase inventory efficiencies, the company announced that Alexis DePree, Executive Vice President and Chief Supply Chain Officer, will become the newest member of its executive team effective on January 3, 2021. With the addition...

Dec 18, 2020

Management

Nordstrom's Q3 sales drop 16 percent

Nordstrom, Inc. has announced that its third quarter results reflected sequential improvement in sales and earnings relative to the prior quarter. The company generated EBIT of more than 100 million dollars, supported by improved merchandise margin trends and benefits from resetting its cost structure. Earnings per diluted share were 34 cents,...

Nov 25, 2020

Retail

2 new Nordstrom Local service hubs set to open in Los Angeles

Nordstrom announced it has found two new locations for Nordstrom Local hubs in the Los Angeles area. The retailer said that these service hubs will allow it to better serve its customers in ways that add convenience to their experience. A Nordstrom Local at Newport Beach will open on November 6, and one at Manhattan Beach will follow in the...

Oct 28, 2020

Fashion

HOLIDAY 2020 NEWS | Brixton Teams Up with Fender, Becomes THE Brand of Music (Justin Bieber on SNL, Joe Jonas and many others)

This season,Brixtonhas become THE go-to menswear label for everyone from Justin Bieber to Joe Jonas, Pharrell and even Bella Hadid who wore one of the brand’s fall 2020 men’s looks last month. I would be excited to discuss a feature on the brand’s upcoming partnership withFender® for Holiday 2020. Fueled by the art of music through the decades,...

Oct 27, 2020

Retail

Nordstrom to sell Christmas trees in partnership with Balsam Hill

Nordstrom is expanding its holiday offering to include Christmas trees. The retailer has teamed with Christmas decor brand Balsam Hill to introduce Christmas tree lots to 21 of its stores across 13 states. This marks the first time Nordstrom will sell a full assortment of Christmas trees, and the first time Balsam Hill has offered trees through...

Oct 19, 2020

Retail

Nordstrom expands pickup service to Nordstrom Rack locations

Nordstrom is working to make shopping more convenient for its consumers through expanded pickup options. The retailer had already offered curbside pickup at its Nordstrom locations for online orders, and will now offer order pickup at Nordstrom Rack stores. Beginning later this month, shoppers will be able to opt for store pickup at Nordstrom...

Oct 15, 2020

Fashion

Nordstrom announces new ban on fur and exotic animal skins

Nordstrom will stop selling merchandise made with fur or exotic animal skins, through all of its Nordstrom, Nordstrom Rack and Last Chance stores and e-commerce sites, by the end of 2021. The U.S.-based retailer came to this decision in partnership with the Humane Society of the United States. "We're committed to delivering the best possible...

Sep 29, 2020

Retail

Nordstrom launches voter participation initiative

Nordstrom has launched ‘Make Your Voice Heard’, a nationwide non-partisan voter participation initiative. The goals of this initiative are to educate, inspire and make it easy for Nordstrom employees and customers to have a voice, through responding to the 2020 Census and voting in elections. The fashion retailer is in partnership with...

Sep 9, 2020

Management

Nordstrom posts 53 percent drop in Q2 sales

Nordstrom, Inc. reported loss per diluted share of 1.62 dollars, while the company’s net sales decreased 53 percent from last year, reflecting temporary store closures for approximately 50 percent of days during the quarter due to Covid-19, in addition to an approximately 10-percentage point timing impact from the Nordstrom anniversary sale...

Aug 26, 2020

Fashion

Nordstrom partners with nonprofit to provide shoes to children in need

Nordstrom hopes to donate more than 200 thousand pairs of shoes to children who need them through its latest partnership with Shoes That Fit. The retailer has teamed with the nonprofit organization every year for the past ten to provide new sneakers to kids in need throughout the country. Between now and October 4, Nordstrom customers may...

Aug 18, 2020