Two mid-tier department stores have made major executive appointments as Kohl’s named Nick Jones (pictured above, right) chief merchandising and digital officer, and JCPenney appointed Keith Melker (pictured above, left) chief transformation and strategy...
For the nine-week holiday period ended December 31, Nordstrom sales decreased 3.5% versus the nine weeks ended January 1, 2022, the company reported as part of a business update. Nordstrom banner sales decreased 1.7%, while those at its off-price Nordstrom Rack banner...
Luxury department stores Neiman Marcus and Nordstrom have changes underway in their executive suites. Nordstrom has announced that chief merchandising officer Teri Bariquit is retiring. She will remain in her role until the company identifies her successor to ensure a...
Nordstrom keeps on rolling out Racks, announcing three new Nordstrom Rack stores in November and three more in December. As part of the off-price concept’s expansion, Nordstrom revealed plans to open a 30,000 square foot Rack in Aurora, CO., a 25,000 square foot...
Despite posting an unadjusted loss, Nordstrom managed to beat a Wall Street estimate on adjusted sales in its third quarter while topping a revenue estimate at the same time. Nordstrom posted a net loss in the quarter of $20 million, or 13 cents per diluted share,...
