NORDSTROM news and archive

Marie Claire launches ‘Identity Issue’ in collaboration with Nordstrom and Bank of America

France-based magazine Marie Claire has launched the ‘Identity Issue’ on all digital platforms in collaboration with Nordstrom and Bank of America. A broad selection of people from different backgrounds was involved in the making of this edition, conversing about a variety of topics, specifically self-expression and individuality in business...

Mar 7, 2023

ManagementFeatured

Nordstrom to close all stores in Canada, expects 2023 revenue to decline

Nordstrom, Inc. reported fourth quarter net earnings of 119 million dollars or 74 cents per diluted share and EBIT of 187 million dollars or 4.5 percent of sales. For the fiscal year ended January 28, 2023, net earnings were 245 million dollars and diluted EPS was 1.51 dollars, with EBIT of 465 million dollars or 3.1 percent of sales. Adjusted...

Mar 3, 2023

Business

Nordstrom partners with The Folklore Group to diversify brand assortment

Department store retailer Nordstrom has announced a new partnership with The Folklore Group in a bid to expand and diversify its brand assortment. The deal will see the US chain utilise The Folklore Connect platform, an e-commerce tool that aids in the identification of fashion and lifestyle brands founded by Black, Latinx, Asian and other...

Feb 28, 2023

ManagementFeatured

Nordstrom posts weak holiday sales, cuts FY22 outlook

Nordstrom, Inc. announced a net sales decrease of 3.5 percent for the nine-week holiday period ended December 31, 2022. For the Nordstrom banner, the company said, net sales decreased 1.7 percent, while net sales at the Nordstrom Rack banner decreased 7.6 percent. Based on holiday results, the company expects its fiscal 2022 results to be at the...

Jan 20, 2023

Report

Nordstrom’s chief merchandising officer Teri Bariquit to retire

Nordstrom, Inc. announced that its chief merchandising officer Teri Bariquit is retiring. To ensure a smooth transition, the company said in a release, Bariquit will remain in her role until the company identifies her successor. Throughout her 37-year career at Nordstrom, the company added, Bariquit has held a variety of leadership roles across...

Jan 16, 2023

Report

Nordstrom appoints Atticus Tysen to its board of directors

Nordstrom, Inc. has announced the appointment of Atticus Tysen to its board of directors, effective January 3, 2023. Tysen, the company said in a release, has more than three decades of engineering and information security experience. "Atticus is a proven leader with decades of experience in the technology and cybersecurity space. His background...

Jan 6, 2023

ManagementFeatured

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