Nordstrom, Inc. reported third quarter net earnings of 64 million dollars or 39 cents per diluted share, with EBIT of 127 million dollars. Net sales for the quarter increased 18 percent versus the same period in fiscal 2020 and decreased 1 percent versus the same period in fiscal 2019. “We’re taking action to improve performance at Nordstrom...
24 Nov 2021
Nordstrom has announced its partnership with Fanatics on licensed sports fan products. Through the long term partnership, Nordstrom customers will be able to shop for licensed sports fan products that are available through Fanatics. Championship products and other real-time items will also be obtainable. Nordstrom will power the digital...
18 Nov 2021
Department stores have long been a staple in the shopping world. They are the markers of a downtown shopping area, the axis upon which one plans their day out on the town. And despite the rise in online shopping, and downfall of many department stores during the Covid-19 crisis, there are certain giants that continue to be seen as truly iconic...
1 Nov 2021
Apparel brand Knot Standard has launched its new on demand platform. The platform is available with retailers such as Brooks Brothers, Bloomingdale’s and Nordstrom. The platform, powered by an AI, will allow brands to offer its consumers custom fit clothing with minimal experience. Knot Standard has already partnered with Brooks Brothers on a...
29 Oct 2021
Multibrand retailer Nordstrom has launched a partnership with marketplace Black Owned Everything, a platform promoting Black-owned businesses, and its founder Zerina Akers. The collaboration sees Akers and Nordstrom come together on a curated selection featuring four Black-owned brands, displayed alongside new Nike and Jordan collections in the...
22 Oct 2021
Nordstrom, Inc. reported net earnings of 80 million dollars or 49 cents per diluted share, with EBIT of 151 million dollars for the second quarter. The company now expects full year net sales to increase over 35 percent compared to previous outlook of increase of more than 25 percent and EBIT margin, as percent of sales is expected to range...
25 Aug 2021
Nordstrom has made some major merchandise team changes. Most notably, Debbi Hartley-Triesch, the former Northwest regional manager and a 30-year veteran of Nordstrom, has been promoted to general merchandising manager of beauty and accessories. She succeeds Gemma Lionello, who will be stepping into the role of Northeast regional manager at...
20 Aug 2021
Nordstrom has launched its annual campaign with the nonprofit Shoes That Fit. For the past 11 years, Nordstrom has worked with its customers to provide over 240,000 pairs of brand-new, properly fitting shoes to kids in need in local communities where Nordstrom operates. Nordstrom partnered with Shoes That Fit realizing how expensive new shoes...
16 Aug 2021
American department store chain Nordstrom has named Farrell Redwine as its new chief human resources officer. She will join the executive team and report to Nordstrom CEO Erik Nordstrom. Redwine joined Nordstrom in 2016 and has held various leadership roles throughout her tenure, most recently overseeing centers of excellence for the entire...
20 Jul 2021
Asos has formed a joint-venture with US-based multi-channel retailer, Nordstrom, which will invest for a minority interest in the Topshop, Topman, Miss Selfridge and HIIT brands. The company said in a release that this joint-venture will help drive the growth of these brands and paves the way for exploration of a new wider strategic partnership...
12 Jul 2021
Nordstrom, Inc. reported a pre-tax loss of 85 million dollars and loss per diluted share of 1.05 dollars. Net sales for the quarter increased 44 percent compared to first quarter of fiscal 2020 and decreased 13 percent from the same period in fiscal 2019. “We are encouraged by sales trends both in our stores and our digital business, supported...
26 May 2021
As part of Pride month, Nordstrom will be providing a grant to the Trans Lifeline x FOLX Hormone Replacement Therapy (HRT) Care Fund, to support transgender, nonbinary and gender nonconforming individuals. For anyone struggling to access hormone care, this fund will underwrite their choice of Hormone Replacement Therapy (HRT) care through FOLX,...
17 May 2021
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