JWN - Nordstrom Inc.

Discussion in 'Stock Message Boards NYSE, NASDAQ, AMEX' started by Tiptopptrader, Aug 13, 2016.

  1. Tiptopptrader

    Tiptopptrader Well-Known Member

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    Nordstrom, Inc., a fashion specialty retailer, offers apparel, shoes, cosmetics, and accessories for men, women, and children in the United States and Canada. It operates through two segments, Retail and Credit. The Retail segment offers a selection of brand name and private label merchandise through various channels, including Nordstrom branded full-line stores and online store at Nordstrom.com; Nordstrom Rack stores; Nordstromrack.com and HauteLook; and other retail channels, including Trunk Club showrooms and TrunkClub.com, Jeffrey boutiques, and clearance store that operates under the name Last Chance. The Credit segment operates Nordstrom fsb, a federal savings bank, which provides a private label credit card, two Nordstrom VISA credit cards, and a debit card. Its credit and debit cards feature a shopping-based loyalty program. As of August 2, 2016, the company operated 329 stores in 39 states, including 121 full-line stores in the United States, Canada, and Puerto Rico; 200 Nordstrom Rack stores; 2 Jeffrey boutiques; and 1 clearance store. Nordstrom, Inc. also sells its products through catalogs. The company was founded in 1901 and is based in Seattle, Washington.

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  2. Tiptopptrader

    Tiptopptrader Well-Known Member

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    Nice pop and heavy volume

    upload_2016-8-13_8-42-34.png
     
    T0rm3nted likes this.
  3. StockJock-e

    StockJock-e Brew Master
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    TRUMPED!

    @realDonaldTrump
    My daughter Ivanka has been treated so unfairly by @Nordstrom. She is a great person -- always pushing me to do the right thing! Terrible!
     
  4. StockJock-e

    StockJock-e Brew Master
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    I think all these companies that get slammed by trumped should start wearing these tweets as a badge of honor :D
     
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  5. StockJock-e

    StockJock-e Brew Master
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  6. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    How Nordstrom is changing the department store game

    http://www.marketwatch.com/story/how-nordstrom-is-changing-the-department-store-game-2017-09-14?

    The luxury retailer is drawing on its best attributes to create a new high-touch store experience

    There was a time when the department store, spanning thousands of square feet in malls all across the country, was emblematic of shopping convenience. Now department stores are looking for a new way to give consumers the convenience and experience they crave, and Nordstrom Inc.’s suggestion is its smaller Local store, opening in Los Angeles on October 3.

    Covering just 3,000 square feet as opposed to the usual 140,000-square-foot emporium, Nordstrom Local will offer personalized stylists and services available through Nordstrom’s Trunk Club company. In addition, there will be a place for customers to have a glass of wine and get a manicure.

    There will be no inventory at the shop, but shoppers can get their hands on purchases through curbside pickup, same-day delivery, and other methods.

    ...Nordstrom Local emphasizes the biggest advantage that bricks-and-mortar retail has: a high-touch experience with lots of services to enhance the visit.

    “What Nordstrom is doing may be unconventional for physical retail, but the strategy is getting back to some of the simplest principles of personalization through customized, one-to-one service,” said Schulties. “This tactic might not necessarily be scalable for all department stores, and it may not work for their specific customers. But the experimentation component is what’s most worthwhile for similar stores to consider—analyzing customer behavior and preferences at a smaller scale to determine what tactics can be scaled up.”

    Certainly, Nordstrom isn’t the first retailer to come up with the idea of shrinking the size of their stores. ... Others, like Bonobos, which is part of Wal-Mart Stores Inc. growing stable of online retailers, doesn’t keep large stocks of inventory on hand, but rather uses the physical locations for the touch-and-feel that some customers still prefer.

    “Nordstrom is playing on its history of personal stylists to bring merchandise that’s chosen for you,” said Gersch. Because people are “overwhelmed with stuff,” she adds, more people “want help choosing things.”

    “What’s clear is that retail is changing and it takes investment and forward thinking to be successful in this new environment,” he said. “Smaller locations offer convenience.”

    It's an interesting idea. Though it seems like they don't want to give up the high prices. And honestly offering manicures and wine is only appealing to portions of the population (women, adults) -- but might as well prove yourself to a portion of the population rather than aiming for everybody and failing, like the shark trying to eat a school of mackerel.
     

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