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Top related persons:
We're - 1 Erik Nordstrom - 1 Nordstrom - 1 Ryan Cohen - 1 Chewy - 1 refreshes - 1 Activewear - 1 Jamie Nordstrom - 1
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Canada U.S Nordstrom
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Nordstrom - 1 GameStop - 1 CNBC - 1

Search resuls for: "Jamie Nordstrom"


3 mentions found


☆ Nordstrom tops Wall Street's first-quarter sales expectations, even as shoppers spend less
  + stars: | 2023-05-31 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com   time to read: +5 min
Yet despite declining sales, Nordstrom stressed its progress with managing inventory, cutting costs and drawing shoppers, especially to the off-price brand Nordstrom Rack. Sales at Nordstrom Rack improved late in the quarter, with the strongest performance in April, the retailer said in a news release. Nordstrom 's fiscal first-quarter sales topped Wall Street's expectations on Wednesday, even as the retailer reported a spending drop and predicted slower sales in the coming months. The company's total revenue, including credit card sales, fell about 11% from $3.57 billion in the year-ago quarter, but surpassed Wall Street's expectations. Net sales at Nordstrom's namesake stores decreased 11.4% year over year, while net sales for Nordstrom Rack dropped 11.9%.
Persons: We're, Erik Nordstrom, Nordstrom, Ryan Cohen, Chewy, refreshes, Activewear, Jamie Nordstrom Organizations: Nordstrom, GameStop, CNBC Locations: Canada, U.S, Nordstrom
☆ As shoppers look for savings, Nordstrom hopes Rack stores can fuel its revival
  + stars: | 2023-05-12 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com   time to read: +9 min
The success or failure of the Nordstrom Rack turnaround effort could shape the company's future. Those chains such as T.J.Maxx , Ross Stores and Burlington Stores , have opened more stores and wooed new customers, driving higher foot traffic than Nordstrom Rack has seen. Nordstrom Rack stores outnumber the company's namesake stores, with 241 locations across the country, according to company filings. Nordstrom Rack stores accounted for more than 40% of new customers in 2022, CEO Erik Nordstrom said on the March earnings call. As it pins its growth hopes on the off-price locations, Nordstrom has turned Rack stores into e-commerce hubs, too.
☆ Nordstrom is the latest retailer to leave San Francisco
  + stars: | 2023-05-03 | by ( Jordan Valinsky | ) edition.cnn.com   time to read: +3 min
Nordstrom’s exit dealt another blow for San Francisco, as several well-known chains have closed in the city. Incidents of theft in San Francisco have gained national attention, though crime has generally fallen over the past six years. Property crimes in San Francisco have garnered national attention because of several attention-grabbing videos of thieves in action. In total, there were 56 homicides in San Francisco in 2022, which is the same number of homicides the city saw in 2021. For starters, remote work following the pandemic has caused a decrease in foot traffic in major US downtowns, including San Francisco.
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