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Tag: nordstrom

Nordstrom tells landlords to expect just half their rent until January 2021

Dive Brief: Nordstrom June 3 notified landlords of its full-line and off-price Rack stores that it will pay only half the occupancy costs for the remainder of the year, according to a letter from President of Stores Jamie Nordstrom to property owners, which was obtained by Retail Dive. A Nordstrom spokesperson didn’t immediately respond to …

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Nordstrom warns financial situation could grow distressed

A “Temporarily Closed” sign hangs in the window of Nordstrom Inc. store in the Midtown neighborhood of New York, U.S., on Friday, March 20, 2020. Gabby Jones | Bloomberg | Getty Images Nordstrom said its financial situation could become distressed if its stores stay dark for much longer because of COVID-19. The retailer’s assessment of this …

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Nordstrom suspends dividend, taps credit in midst of coronavirus

Pedestrians pass in front of a Nordstrom Inc. store in the Midtown neighborhood of New York, on Friday, March 20, 2020. Gabby Jones | Bloomberg via Getty Images Nordstrom said Monday it is suspending its dividend, halting share buybacks and has drawn down $800 million on its revolving credit facility, in the midst of the coronavirus …

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COVID 19 Scare: Nordstrom to close all US stores

Apparel retailer Nordstrom withdrew its fiscal 2020 forecast and said it would close stores in the United States and Canada for two weeks due to the coronavirus pandemic. “The health and safety of our customers and employees remain our top priority as we continue to make decisions during this rapidly evolving situation. We’re taking decisive …

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Nordstrom (JWN) reports fourth quarter 2019 earnings miss

Rolls of gift paper hang on display at a Nordstrom Local concept store in New York, Sept. 5, 2019. Demetrius Freeman | Bloomberg | Getty Images Nordstrom announced Tuesday it is changing its leadership structure, appointing Erik Nordstrom as sole CEO and retiring its co-presidency. It announced the changes as it reported fourth-quarter earnings and sales …

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Nordstrom Introduces See You Tomorrow: A resale shop curated by Olivia Kim

Leading fashion retailer Nordstrom announced its latest creative projects initiative, See You Tomorrow, a new re-commerce experience launching on January 31, 2020. Powered by Yerdle, See You Tomorrow offers customers both an online resale site and an in-store shopping experience in the NYC Flagship store. Curated by Olivia Kim, Vice President of creative projects at …

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First Look: Nordstrom’s in-store resale shop

Nordstrom is the latest department store retailer to tap into one of retail’s fastest-growing markets: previously-owned clothes and accessories. Nordstrom has launched, See You Tomorrow, an online and in-store resale shop. Curated by Olivia Kim, VP of creative projects at Nordstrom, the shop features an edited, authenticated assortment apparel and accessories from highly coveted brands, the …

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Nordstrom opens inventory to brick-and-mortar shoppers

A leading luxury retailer is leveraging robotics to help ensure customers have access to the products they want, in-store as well as online. Seeking to provide every store with the ability to provide customers with desired items, however, they want to receive them, Nordstrom is piloting robotic technology from Tompkins Robotics and Attabotics for the …

Nordstrom opens inventory to brick-and-mortar shoppersRead More

Nordstrom opens inventory to brick-and-mortar shoppers

A leading luxury retailer is leveraging robotics to help ensure customers have access to the products they want, in-store as well as online. Seeking to provide every store with the ability to provide customers with desired items, however, they want to receive them, Nordstrom is piloting robotic technology from Tompkins Robotics and Attabotics for the …

Nordstrom opens inventory to brick-and-mortar shoppersRead More

Nordstrom (JWN) earnings Q3 2019

Rolls of gift paper hang on display at a Nordstrom Local concept store in New York, Sept. 5, 2019. Demetrius Freeman | Bloomberg | Getty Images Shares of Nordstrom spiked more than 10% during extended trading Thursday after the company reported fiscal third-quarter earnings that beat analysts’ estimates, and narrowed its 2019 earnings forecast. Although …

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