Nordstrom Inc

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US Q2 in brief – Sears, Cherokee Global Brands, Oxford Industries just-style | 14 Sep 18

In the latest second-quarter filings from US apparel and footwear brands and retailers, both PVH and Guess Inc booked a rise in both earnings and revenue, while L Brands reported a 28.7% drop in earnings, and Urban Outfitters achieved record second-quarter sales and a jump in profit.


US Q1 in brief – Destination Maternity, Tailored Brands, Boot Barn just-style | 8 Aug 18

In the latest first-quarter filings from US apparel and footwear brands and retailers, PVH Corp saw revenues exceed guidance thanks to strength across the business, while Guess saw continued momentum in Europe and Asia push earnings and sales up in the three months ended 5 May. Dick's Sporting Goods raised its full-year outlook and Destination XL narrowed its net losses.


US Q4 in brief – Boot Barn Holdings, Destination Maternity just-style | 18 May 18

In the latest fourth-quarter filings from US apparel and footwear brands and retailers, Destination Maternity narrowed its net loss, Sears was boosted by the new US tax law, Caleres returned to profit, Dick's Sporting Goods achieved growth across key businesses, and Urban Outfitters produced record fourth-quarter sales.


Nordstrom ends family takeover talks Beth Wright | 21 Mar 18

The special committee of the upscale US fashion retailer Nordstrom has put an end to talks with the firm's founding family group to purchase all of the outstanding shares of common stock of the company, stating the two sides could not agree on an acceptable price for the company.


Nordstrom invests in digital technology firms Beth Wright | 16 Mar 18

Upscale US fashion retailer Nordstrom has acquired two retail technology companies – BevyUp and MessageYes – in a move it says will help deliver on speed and create a seamless shopping experience for customers.


Nordstrom rejects family takeover bid Beth Wright | 6 Mar 18

The special committee of the upscale US fashion retailer Nordstrom has rejected a proposal by the firm's founding family group to purchase all of the outstanding shares of common stock of the company, branding it "inadequate".


US Q3 in brief – Deckers Brands, Boot Barn Holdings just-style | 6 Feb 18

In the most recent third-quarter filings from US apparel and footwear brands and retailers, Deckers Brands exceeded expectations, while Boot Barn Holdings saw earnings nearly double. Destination Maternity, meanwhile, widened its losses.


US holiday sales in brief – The Children's Place, Nordstrom, Target Corp Beth Wright | 10 Jan 18

Holiday sales have seen a solid performance at many leading US apparel and footwear retailers, with Target, American Eagle Outfitters, JC Penney, Urban Outfitters and Kohl's among those who have benefited from increased consumer spending on the back of strong economic growth, low unemployment and rising home and equity prices.


US Q2 in brief – Finish Line, Zumiez, Tailored Brands, Vince Holding just-style | 22 Sep 17

In the most recent second-quarter filings from US apparel and footwear brands and retailers, PVH upped its full-year guidance based on strong second-quarter results, while Guess saw its results boosted by solid growth in both Europe and Asia. Oxford Industries, meanwhile, saw mixed results as earnings fell but sales edged up.


US Q1 in brief – Cherokee, The Finish Line, J Crew Michelle Russell and Beth Wright | 10 Jul 17

In the most recent first-quarter filings from US apparel and footwear brands and retailers, G-III Apparel moved to a loss on acquisition charges, while Guess saw earnings fall on soft Americas sales. Kate Spade, meanwhile, saw earnings slump on the back of sales declines, while Hudson's Bay recorded comparable store declines on the back of lower domestic store traffic across all banners. 


Nordstrom family mulls going private Beth Wright | 9 Jun 17

Upscale US fashion retailer Nordstrom has revealed members of the controlling Nordstrom family, including its co-presidents, have formed a group to explore the possibility of taking the company private.


US Q4 in brief – Cherokee, Vince Holding, Destination Maternity Michelle Russell and Beth Wright | 15 May 17

In the most recent fourth-quarter filings from US apparel and footwear brands and retailers, Destination XL moved to a profit but booked lower sales, while Caleres moved to a loss in the quarter. VF Corporation, meanwhile, revealed a fall in both sales and earnings for the quarter, while Stein Mart moved to a loss as a result of "aggressive" promotions. 


Nordstrom names Bramman as finance chief Michelle Russell | 5 May 17

Upscale US fashion retailer Nordstrom has appointed former Avery Dennison executive Anne Bramman as its new chief financial officer.


Nordstrom switches to cloud-based POS system Beth Wright | 20 Mar 17

Upscale US fashion retailer Nordstrom is switching to an innovative POS system in the cloud in a bid to attend to customers more quickly, and better manage and track information.


Marks & Spencer tops human rights benchmark Michelle Russell | 13 Mar 17

UK retailer Marks & Spencer has topped a new benchmark ranking that aims to incentivise companies in a race to the top for the moral and commercial advantages of a strong human rights record.


Nordstrom promotes Thomas to innovation chief Beth Wright | 12 Jan 17

Nordstrom has named long-time company executive Geevy Thomas as chief innovation officer, a new role created by the US fashion retailer.


Nordstrom tech chief Srinivasan steps down? Beth Wright | 9 Jan 17

Kumar Srinivasan, chief technology officer of upscale US fashion retailer Nordstrom,  is understood to have stepped down after serving in the role for less than ten months.


US Q3 in brief – The Finish Line, Destination Maternity, Cherokee, Sears Michelle Russell and Beth Wright | 9 Dec 16

In the most recent third-quarter filings from US apparel and footwear brands and retailers, Sears Holdings remained optimistic despite widening its net losses, while Vince Holding blamed challenging conditions and warm weather for a fall in both earnings and sales. Abercrombie & Fitch, meanwhile, revealed a "disastrous" quarter as sales fell and earnings plummeted 80%, while American Eagle Outfitters booked record sales and its 9th consecutive quarter of profit improvement.


Leadership changes position Nordstrom for growth Beth Wright | 22 Sep 16

Upscale US fashion retailer Nordstrom is accelerating its e-commerce, digital and mobile efforts with several leadership changes, including the promotion of Ken Worzel as president of Nordstrom.com.


US Q2 in brief - The Finish Line, Cherokee, Zumiez, Vince Holding, Tailored Brands Michelle Russell and Beth Wright | 9 Sep 16

In the most recent second-quarter filings from US apparel and footwear brands and retailers, Tailored Brands showed improvement on Q1 but saw earnings slide, while DSW booked mixed results. Abercrombie & Fitch widened its net losses but remained optimistic, while Destination Maternity revealed improved losses. Express, meanwhile, delivered what it described as a "disappointing" second-quarter, below management expectations, and Macy's saw a "distinct" improvement in its sales and earnings trends for the quarter. 


Nordstrom cuts supply chain complexity with Dsco stake Michelle Russell | 12 Jul 16

US upscale fashion retailer Nordstrom is hoping to reduce supply chain complexity with the acquisition of a minority stake in software group DropShip Commerce (DS Co) and its Dsco platform.


Nordstrom remodel to result in up to 400 job cuts Katie Smith | 19 Apr 16

US upscale department store retailer Nordstrom has revealed it will be cutting up to 400 jobs in a move designed to save US$60m this year as it makes changes to its business model. 


US Q4 in brief: Cherokee Global Brands, Perry Ellis, Destination Maternity Michelle Russell | 15 Apr 16

In the most recent fourth-quarter filings from US apparel brands and retailers, Destination Maternity and Perry Ellis saw their losses narrow, while New York & Co moved to a net profit. However, Iconix Brand Group cut its outlook after swinging to a loss, Finish Line saw its net profit plummet 90%, and Cherokee Global Brands posted a mixed performance. 


Nordstrom axes 150 technology jobs Katie Smith | 16 Mar 16

US upscale fashion retailer Nordstrom has confirmed it has cut 120 jobs from its technology group less than a month after recording a double-digit decline in fourth-quarter net profit.


US Q3 in brief: Finish Line, Gymboree, Cherokee Global Brands, Men's Wearhouse Michelle Russell and Katie Smith | 7 Jan 16

In the most recent third-quarter filings from US apparel brands and retailers Gymboree, Aeropostale, Sears and New York & Co narrowed their losses, while Oxford Industries, Destination Maternity and J Crew saw theirs widen. Both The Finish Line and Men's Wearhouse swung to a loss. On a positive note, The Children's Place, Express, American Eagle Outfitters, G-III Apparel Group and Abercrombie & Fitch booked higher earnings. 


Nordstrom pushes personalisation with custom shoe retailer Leonie Barrie | 8 Dec 15

US department store retailer Nordstrom is tapping into the trend for personalisation by establishing closer ties with custom shoe maker Shoes of Prey, becoming one of the equity partners in its latest US$15.5m funding round.


US Q2 in brief: Finish Line, Zumiez, Cherokee, Gymboree Michelle Russell and Beth Wright | 25 Sep 15

Second-quarter earnings for the retail sector as a whole are forecast to be lower than the prior month, despite easy year-on-year comparisons. The Finish Line posted a small drop in net income, Zumiez saw its profit more than halve, Cherokee Global Brands posted a double-digit decline in net earnings, while Christopher & Banks swung to a loss, and Hudson's Bay was back in the black. 


Athletic players "well positioned" amid disruption Katie Smith | 25 Sep 15

Deflationary pressures, the rise of Amazon and the expansion of off-price and fast fashion chains all have the potential to disrupt traditional US apparel retailers - but it is the athletic players that are “well positioned” to come out on top, analysts suggest.


What's in store for US apparel back-to-school sales? Katie Smith | 4 Sep 15

For the second year in a row, it seems consumers are being more restrained when it comes to back-to-school shopping. But with new fashions, a shift in spending away from electronics, and a more optimistic consumer, industry analysts are cautiously optimistic for clothing retailers.


Nordstrom expands Madewell distribution to 30 stores Katie Smith | 28 Jul 15

US upscale fashion retailer Nordstrom is bolstering its partnership with J Crew's Madewell brand by doubling the number of stores that sell the line to 30.

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