Nordstrom
Nicole Castillo
Professor Luyt
Business 1200
Stock Symbol: JWN
Industries & Major Competitors
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1887 John W. Nordstrom left his home land Sweden to NYC
1897 he moved to Alaska trying to seek gold, earned $13,000
dollars in a gold mine stake and returned to Seattle
1901 John and new friend Carl Walling opened their first shoe
store “Wallin & Nordstrom”
1928, John Nordstrom retired and sold his share of the company
to his sons, Everett and Elmer
By 1960, Nordstrom had eight stores in Washington and Oregon,
and the downtown Seattle store became the largest shoe store in
the country
1968, the three brothers decided to retire and hand the company
over to the third Nordstrom generation
1971 went public
1988, Nordstrom had made the big move to the East Coast with
the opening of a beautiful new store in Virginia
Company History Timeline
Nordstrom likes to describe themselves as
selling “affordable luxury”.
This ranges from apparel,
shoes, cosmetics, accessories and
even home products. At the end
of 2009, the company operated
210 U.S. stores located in 28
states which a majority of them
being on the west or east coast
(59 of the stores are located in
California alone). Today Nordstrom
operates 116 Full-Line Stores, 91
Nordstrom Racks, two
Jeffrey boutiques and
one clearance store.
BRANDS
Products & Locations
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The business of fashion is international, multi-cultural and
diverse by nature. At Nordstrom, we believe this makes for
an exciting retail environment and we value the richness it
brings to our Company. One of the best ways we've found
to provide excellent customer service is by ensuring we
reflect the communities we serve. Having a workplace that
attracts and supports diversity, benefits both our
customers and our employees. We believe each of our
employees has the opportunity to realize their potential
and contribute to the success of our Company.
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“To maintain a workforce that represents many
backgrounds, while remaining deeply committed to
cultivating an environment where the contributions
of every employee, customer and vendor are valued
and respected.”
Mission
“
Nordstrom is committed to the highest standards of ethics and business
conduct. Those principles apply to our relationships with our fellow
employees, our customers, our suppliers, our shareholders, our
competitors, and the communities in which we operate. Further, those
principles form the foundation of the corporate governance documents
which are available here for your review.”- Blake W. Nordstrom, President
Executive Team
Laurie Black- Exec VP & General Merchandise Manager
Robert E. Campbell- Treasure & VP, Investor Relations
James Howell-VP, Finance
Kevin Knight-Exec VP, Chairman and Chief Exec Officer of Nordstrom,
President of Nordstrom Credit
Michael Koppel- Exec VP & Chief Financial Officer
Daniel Little- Exec VP & Chief Marketing Officer
Anne Martin-Vachon Exec VP &Chief Marketing Officer
Erick Nordstrom-Exec VP & President, Stores
Geev S.K. Thomas- Exec VP & President, Nordstrom Rack
Peter E. Nordstrom-Exec VP and President, Merchandising
Ken Worzel-Exec VP, Strategy and Development
Ownership
In 2009 Nordstrom’s net sales decreased a fraction of a
percent from the previous year to $8.26 billion. They
struggled just as bad in same store sales by declining
in 2008 and 2009 they fell by 6.3% and remained
that way.
However, the economy has showed signs of recovery in
the first half of 2010 and company's net sales
increased by 16.7%
JWN: Nordstrom INC Stock Quote
Stock Information
Mainly sell to customers who are between
the ages of 25-54 years of age
1.Women's Apparel: 34% of net sales
2.Shoes: 22% of net sales
3.Men's Apparel: 15% of net sales
4.Women's Accessories: 12% of net sales
5.Cosmetics: 11% of net sales
6.Children's Apparel: 3% of net sales
7.Other: 3% of net sales
Marketing/Advertising
I believe that since Nordstrom carries many
different brands and products they will
continue to succeed. With trends
constantly changing, they are always up
to date on fashion, accessories and home
products.
Prediction
"Nordstrom (JWN)." wikinvest. N.p.,
11/04/11. Web. 12 Apr 2011.
<http://www.wikinvest.com/stock/Nordstr
om_(JWN)#_note-2009description>.
 "Investor Relations." Nordstrom.com.
N.p., n.d. Web. 12 Apr 2011.
<http://phx.corporateir.net/phoenix.zhtml?c=93295&p=irolirhome>.
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Sources