by Mike Duff | Jan 17, 2023 | Retail Articles
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...
by Mike Duff | Dec 22, 2022 | Retail Articles
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...
by Mike Duff | Nov 28, 2022 | Retail Articles
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,...
by Mike Duff | Sep 16, 2022 | Retail Articles
As it continues to expand its bricks and mortar off-price store portfolio, Nordstrom has announced plans to open three of its Rack stores during the fall of 2023 all located in the Pacific Northwest. The new stores will operate in Union Gap and Olympia, WA, and Salem,...
by Mike Duff | Aug 24, 2022 | Retail Articles
As has been the case with other retailers, Nordstrom has recently faced some inventory issues, but it managed sales and earnings gains in the second quarter, giving Wall Street a little surprise along the way. Net earnings were $126 million, or 77 cents per diluted...
