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nordstrom news and archive

Nordstrom announces closing of 675 million dollars of unsecured notes

Nordstrom, Inc. closed on its previously announced offering of a 250 million dollar aggregate principal amount of its 2.300 percent Senior Notes due 2024 and a 425 million dollar aggregate principal amount of its 4.250 percent Senior Notes due 2031. The company will use the net proceeds from the sale of the Notes, together with cash on hand, to...

Apr 9, 2021

Fashion

Nordstrom collaborates with Dover Street Market Paris

American department store chain Nordstrom has partnered with Comme des Garçons owned concept store Dover Street Market Paris to highlight emerging designers in the fashion industry. The collaboration will feature seven individual up-and-coming brands curated by Dover Street that introduce their spring/summer 2021 collections in select Nordstrom...

Apr 8, 2021

Retail

Nordstrom expands recycling program to Canada

American department store giant Nordstrom has become the first major retailer in Canada to offer a recycling program called Beautycycle that allows customers to return hard-to-recycle beauty packaging. Starting today, customers can bring empty cosmetics, haircare, or skincare packaging, regardless of brand or purchase location, to a Nordstrom...

Apr 6, 2021

Fashion

Nordstrom expanse activewear offerings and digitally led fitness gear

After an increase in demand for activewear, department store giant Nordstrom has introduced a dynamic site experience to better help customers. Nordstrom’s new site features enable curated searches for active brands by activity or category, in addition to discovering fitness and wellness advice, expert tips, product and performance guides. Users...

Mar 30, 2021

Retail

Nordstrom debuts livestream shopping

American luxury department store chain Nordstrom has launched a shopping channel that gives customers real-time access to employees, brand partners, and experts in the field of beauty, fashion, and home decor. During the live shopping virtual events, customers can shop the products they see in real-time and ask questions to the experts hosting....

Mar 18, 2021

Fashion

Vici Drops exclusive collection with Nordstrom

California-based brand Vici has linked with department store retailer Nordstrom to launch a new collection. The collaboration features over 75 different styles of tops, knitwear, jackets, dresses, rompers, jumpsuits, and more designed by Vici and built off its best-selling silhouettes. The Vici x Nordstorm collection features new fabrications,...

Mar 9, 2021

Management

Nordstrom sales fall by 20 percent in Q4

Nordstrom, Inc. reported earnings per diluted share for the fourth quarter of 21 cents, which reflected an income tax benefit related to the CARES Act. The company said, net sales decreased 20 percent, which improved sequentially by 600 basis points relative to the third quarter, after adjusting for a shift of the Nordstrom Anniversary Sale. “We...

Mar 3, 2021

Retail

Tonal partners with Nordstrom to expand retail footprint

Tonal, a smart home gym and personal trainer company, has partnered with Nordstrom to expand it retail footprint. Beginning this month, Tonal will launch in the Women’s Active department in 40 Nordstrom locations across 20 states in the U.S., including 12 states where Tonal had not yet had a physical location. The partnership will be brought to...

Mar 1, 2021

Retail

Nordstrom expands its digital product offering to 1.5 million items

Nordstrom has expanded its digital product offering from 300,000 customer choices to more than 1.5 million. The company said it expects its digital business to represent approximately 50 percent of its total sales moving forward. The group will further evolve and integrate its Nordstrom Rack stores by better connecting physical and digital...

Feb 5, 2021

Retail

Nordstrom celebrates Black History Month and reaffirms commitment to diversity

After a year that was marked by a global pandemic and major civil rights protests, Nordstrom is beginning 2021 with a renewed focus on its commitment to diversity and address systemic racial inequity. “We are a part of the communities we serve, and that means we have a responsibility to create a sense of welcoming and belonging for all,” said...

Jan 29, 2021

Report

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