Nordstrom news and archive

Nordstrom confirms improved sales trends in Q1

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...

Retail

Nordstrom celebrates Pride with commitment to the transgender community

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,...

Business

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...

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...

Business

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...

Business

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...

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...

Business

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...

Business

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,...

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...

FashionPress Release

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

This season, Brixton has 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 with Fender® for Holiday 2020. Fueled by the art of music through the...

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...