Nordstrom launches its 2017 Anniversary Sale marketing campaign

Nordstrom launches its 2017 Anniversary Sale marketing campaign

Russell Wilson, Ashley Graham, Taye Diggs And More Team Up With Nordstrom To Celebrate The Retailer’s One-Of-A-Kind Anniversary Sale

SEATTLE, 2017-Jun-28 — /EPR Retail News/ — Leading fashion specialty retailer Nordstrom, Inc. announced the launch of its 2017 Anniversary Sale marketing campaign, which debuts today in the U.S. and Canada. The company partnered with six artists, designers and stylemakers as brand ambassadors for the sale, which takes place from July 21 through August 6.

Anniversary Ambassadors include Russell Wilson, co-founder of Good Man Brand, entrepreneur, Super Bowl Champion and Franchise NFL Quarterback; Ashley Graham, model, body activist, author and designer of Ashley Graham lingerie; actor, singer, dancer and author Taye Diggs; actress and aspiring recluse Hana Mae Lee; choreographer and dancer Keone Madrid (with wife and dance partner, Mari); and artist and textile designer Kindah Khalidy.

The company looked for a diverse group of individuals who are renowned in their field, passionate about what they do and thought would appeal to customers.

The Nordstrom Anniversary Sale originated in the 1960’s and is the company’s biggest event of the year featuring brand-new merchandise for men, women and kids at super-sale prices for a limited time – prices go back up after two weeks.

“Our Anniversary Sale is one of the most exciting Nordstrom events of the year for our customers” said Nordstrom Executive Vice President and Chief Marketing Officer Scott Meden. “It’s a sale like no other. We’re thrilled to make it come to life with this campaign, and to showcase new arrivals from our hottest fashion brands in partnership with our ambassadors.”

The campaign will feature sale picks from brand ambassadors in the Anniversary Sale catalog and online at nordstrom.com/anniversarysale. The campaign was shot in-house and also includes videos that will be posted on Nordstrom.com and the retailer’s social platforms. Advertising components include digital, print, out of home, as well as store windows and in-store displays.

“I love the Nordstrom Anniversary Sale because you can find all of the quality brands you love at such great prices,” said Nordstrom Anniversary Sale Ambassador Ashley Graham. “I like to shop investment pieces, like designer bags and shoes, and it’s also a great time to stock up on well-fitting bras because they are the foundation to every outfit.”

“This year I am especially excited for the Anniversary Sale,” said Russell Wilson, Nordstrom Anniversary Sale Ambassador. “Shopping at Nordstrom is always fun and easy, and who doesn’t love finding the newest styles of the season. What an honor for Good Man Brand to have been selected to be a part of this event alongside some the best and biggest brands in the world.”

To view additional images, videos and interviews with all six Nordstrom Anniversary Sale ambassadors, visit https://blogs.nordstrom.com/fashion/ and nordstrom.com/anniversarysale.

Nordstrom first launched its Anniversary Sale brand ambassador campaign in 2016 and featured actress and designer, Melissa McCarthy; Dallas Wings point guard, All-Star player Skylar Diggins; actor, artist and activist, Rhi Blossom; activist and founding editor of SUNU: Journal of African Affairs, Critical Thought + Aesthetics Amy Sall; Australian model Fernanda Ly; YouTube star Joey Graceffa and musician Jon Batiste.

About Nordstrom
Nordstrom, Inc. is a leading fashion specialty retailer based in the U.S. Founded in 1901 as a shoe store in Seattle, today Nordstrom operates 354 stores in 40 states, including 122 full-line stores in the United States, Canada and Puerto Rico; 221 Nordstrom Rack stores; two Jeffrey boutiques; and two clearance stores. Additionally, customers are served online through Nordstrom.com, Nordstromrack.com and HauteLook. The company also owns Trunk Club, a personalized clothing service serving customers online at TrunkClub.com and its seven clubhouses. Nordstrom, Inc.’s common stock is publicly traded on the NYSE under the symbol JWN.

SOURCE Nordstrom, Inc.

CONTACT:

Anya Pavlovic
Nordstrom, Inc.
206.303.3015

Nordstrom Rack at Bayshore Town Center in Glendale, Wisconsin scheduled to open in fall 2018

SEATTLE, 2017-Jun-24 — /EPR Retail News/ — Seattle-based Nordstrom, Inc. announced today (June 22, 2017) plans to open a Nordstrom Rack at Bayshore Town Center in Glendale, Wisconsin. The approximately 26,800-square-foot store is scheduled to open in fall 2018.

Bayshore Town Center is a 45-acre complex on the North Shore of Milwaukee featuring an assortment of retail, dining, entertainment, office space and residential units. The new Nordstrom Rack location will anchor the redeveloped north end of the project which will also feature a new mall entry, expanded convenient parking and other retail space. Nordstrom Rack will join existing retailers such as H&M, Ulta Beauty, iPic Cineplex, Trader Joe’s and Kohl’s.

“We look forward to opening a store at Bayshore Town Center – a more convenient location for our customers in the North Shore area,” said Karen McKibbin, president of Nordstrom Rack. “We’re excited to bring customers here the great brands at great prices they’ve come to expect when we open our doors in 2018.”

This will be the second Nordstrom Rack store in the Milwaukee area. The company also operates a full-line store at Mayfair Mall.

“We are thrilled to once again be partnering with Nordstrom Rack at another one of our leading multi-use shopping destinations,” said Ken Marshall, Head of Retail at Olshan Properties.  “We are very proud of our roster of tenants that includes the best brands in fashion, technology, entertainment and dining who are thriving at Bayshore Town Center, and are excited to welcome Nordstrom Rack into the mix to provide the customers of Milwaukee with another desirable name brand retailer to enjoy.”

Nordstrom Rack is the off-price retail division of Nordstrom, Inc., offering customers a wide selection of on-trend apparel, accessories and shoes at an everyday savings of 30-70 percent off regular prices. Nordstrom Rack merchandise, available at Rack stores and at Nordstromrack.com, comes from Nordstrom stores, Nordstrom.com as well as specially purchased items from many of the top brands available at Nordstrom. The Rack is designed to provide the ultimate treasure hunt to style-savvy customers.

About Nordstrom
Nordstrom, Inc. is a leading fashion specialty retailer based in the U.S. Founded in 1901 as a shoe store in Seattle, today Nordstrom operates 354 stores in 40 states, including 122 full-line stores in the United States, Canada and Puerto Rico; 221 Nordstrom Rack stores; two Jeffrey boutiques; and two clearance stores. Additionally, customers are served online through Nordstrom.com, Nordstromrack.com and HauteLook. The company also owns Trunk Club, a personalized clothing service serving customers online at TrunkClub.com and its seven clubhouses. Nordstrom, Inc.’s common stock is publicly traded on the NYSE under the symbol JWN.

About Bayshore Town Center
Bayshore Town Center, owned and operated by Olshan Properties, is a mixed-use town center located in Glendale, Wisconsin.  Originally constructed in 1954 and converted into an enclosed mall in 1974, Olshan Properties fully redeveloped the project into a vibrant mixed-use town center in 2006.  The 45-acre, 1.3 million-square-foot complex features an eclectic mix of retail, dining, entertainment, office and residential uses all woven together by Bayshore Town Center’s signature gathering spaces where visitors and community members shop, dine, relax and have fun. The center currently includes 255,000 square-feet of office space, 113 residential apartments and nearly one million-square-feet of retail and restaurant space. Bayshore Town Center is a desirable address and an exciting, convenient place to “live, work, and play” that draws millions of visitors annually. For more information, visit www.bayshoretowncenter.com.

About Olshan Properties
Olshan Properties is a privately owned real estate firm specialized in the development, acquisition, leasing and management of commercial real estate for more than 55 years.  The close integration of investment and operating capabilities has given Olshan Properties a reputation as one of the leading private owner/operators of commercial real estate in the country.

Olshan Properties currently owns and/or manages, individually or with its affiliated companies, a diverse portfolio of commercial properties including Retail, Hotel, Office, and Residential in eleven states.  For more information, click here.

SOURCE: Nordstrom, Inc.

MEDIA CONTACTS:

Brenna Sussman
Nordstrom, Inc.
(206) 303-2316
Brenna.Sussman@nordstrom.com

Mary-Kate Morrow
Rubenstein
(212) 843-9326
mmorrow@rubenstein.com

 

 

Nordstrom, Inc. announces net sales for 3Q 2016 increased 7.2 percent vs same period last year

Continued Improvements in the Company’s Operating Model

SEATTLE, 2016-Nov-11 — /EPR Retail News/ — Nordstrom, Inc. (NYSE: JWN) today (Nov. 10, 2016) reported third quarter results on an operational basis that exceeded expectations, reflecting continued strength in inventory and expense execution. Total Company net sales for the third quarter increased 7.2 percent and comparable sales increased 2.4 percent, compared with the same period last year. This includes a favorable comparison resulting from one week of the Anniversary Sale, historically the Company’s largest event of the year, shifting into the third quarter. Combined second and third quarter comparable sales, which removes the impact of the event shift, increased 0.4 percent compared with the same period last year.

“We’ve made considerable changes in the way we operate to improve the customer experience while increasing our productivity,” said Blake Nordstrom, co-president, Nordstrom, Inc. “We are particularly proud of our team’s efforts to align inventories and improve our operating efficiencies. These outcomes have positively impacted our operating results.”

Third quarter results included a non-cash goodwill impairment of $197 million related to Trunk Club, which the Company acquired in 2014. While this business continues to deliver outsized top-line growth, current expectations for future growth and profitability are lower than initial estimates. To further improve the customer experience and better position Trunk Club’s business for profitable growth, the Company is making a number of operational changes.

The Company reported loss per diluted share for the third quarter ended October 29, 2016 of $0.06 and revised its fiscal year 2016 outlook to $1.70 to $1.80. Excluding the impairment charge, the Company reported third quarter adjusted earnings per diluted share of $0.84 and raised its fiscal year 2016 outlook for adjusted earnings per diluted share to $2.85 to $2.95 to incorporate third quarter results.

THIRD QUARTER SUMMARY

  • Third quarter net loss was $10 million and earnings before interest and taxes (EBIT) was $55 million, or 1.6 percent of net sales, compared with net earnings of $81 million and EBIT of $155 million, or 4.8 percent of net sales, during the same period in fiscal 2015.
    • Retail EBIT decreased $126 million compared with the same quarter last year due to the impairment charge of $197 million, partially offset by continued sales growth.
    • Credit EBIT increased $26 million, which primarily reflected transaction costs incurred in 2015 associated with the sale of the credit card portfolio.
  • Total Company net sales of $3.5 billion for the third quarter increased 7.2 percent compared with net sales of $3.2 billion during the same period in fiscal 2015. Total Company comparable sales for the third quarter increased 2.4 percent.
    • In the Nordstrom brand, including U.S. and Canada full-line stores and Nordstrom.com, net sales when combined with Trunk Club, increased 2.4 percent and comparable sales increased 0.9 percent.
    • Across U.S. full-line stores and Nordstrom.com, the top-performing merchandise categories were Women’s Apparel and Men’s Apparel. The younger customer-focused departments in Women’s Apparel continued to outperform, reflecting strength in denim and collaborations with new and emerging limited distribution brands. The West was the top-performing geographic region.
    • In the Nordstrom Rack brand, which consists of Nordstrom Rack stores and Nordstromrack.com/HauteLook, net sales increased 10.1 percent and comparable sales increased 3.9 percent. The East was the top-performing geographic region.
  • Retail gross profit, as a percentage of net sales, of 34.8 percent increased 93 basis points compared with the same period in fiscal 2015. This reflected strong inventory execution, which resulted in net sales growth outpacing inventory growth, in addition to leverage of buying and occupancy costs.
  • Selling, general and administrative expenses, as a percentage of net sales, of 29.6 percent decreased 218 basis points compared with the same period in fiscal 2015. This was primarily due to transaction costs incurred in 2015 associated with the sale of the credit card portfolio in addition to the shift in sales volume from the Anniversary Sale resulting in expense leverage. Expense performance exceeded the Company’s expectations by approximately 70 basis points, reflecting ongoing progress to improve operational efficiencies.
  • During the quarter ended October 29, 2016, the Company recognized approximately $10 million in tax benefits related to the resolution of certain federal income tax issues. The impact to the quarter is estimated to be $0.06 per share.
  • To build on the success of the Nordstrom Rewards loyalty program, the Company expanded its program in the second quarter to enable all customers to earn benefits regardless of how they choose to pay. Through this expanded program, the Company has more than 7 million active Rewards customers in the U.S. and Canada, up over 40 percent, from approximately 5 million a year ago. Sales from Nordstrom Rewards customers represented 45 percent of third quarter sales, compared with 39 percent a year ago.
  • During the nine months ended October 29, 2016, the Company repurchased 1.9 million shares of its common stock for $93 million. A total capacity of $718 million remains available under its existing share repurchase board authorization. The actual number, price, manner and timing of future share repurchases, if any, will be subject to market and economic conditions and applicable Securities and Exchange Commission (“SEC”) rules.
  • Return on invested capital (“ROIC”) for the 12 fiscal months ended October 29, 2016 was 7.2 percent compared with 11.4 percent in the prior 12-month period. This decrease was primarily due to a 340 basis point impact from the non-cash goodwill impairment of Trunk Club. A reconciliation of this non-GAAP financial measure to the closest GAAP measure is included below. Additionally, the impact of the impairment on ROIC is quantified.

CONFERENCE CALL INFORMATION

The Company’s senior management will host a conference call to discuss third quarter 2016 results and fiscal 2016 outlook at 4:45 p.m. Eastern Standard Time today. To listen to the live call online and view the speakers’ prepared remarks and the conference call slides, visit the Investor Relations section of the Company’s corporate website at http://investor.nordstrom.com. An archived webcast with the speakers’ prepared remarks and the conference call slides will be available in the Quarterly Earnings section for one year. Interested parties may also dial 201-689-8354. A telephone replay will be available beginning approximately three hours after the conclusion of the call by dialing 877-660-6853 or 201-612-7415 and entering Conference ID 13648454, until the close of business on November 17, 2016.

ABOUT NORDSTROM

Nordstrom, Inc. is a leading fashion specialty retailer based in the U.S. Founded in 1901 as a shoe store in Seattle, today Nordstrom operates 348 stores in 40 states, including 123 full-line stores in the United States, Canada and Puerto Rico; 215 Nordstrom Rack stores; two Jeffrey boutiques; and two clearance stores. Additionally, customers are served online through Nordstrom.com, Nordstromrack.com and HauteLook. The Company also owns Trunk Club, a personalized clothing service serving customers online at TrunkClub.com and its six clubhouses. Nordstrom, Inc.’s common stock is publicly traded on the NYSEunder the symbol JWN.

Certain statements in this news release contain or may suggest “forward-looking” information (as defined in the Private Securities Litigation Reform Act of 1995) that involve risks and uncertainties including, but not limited to, anticipated financial outlook for the fiscal year ending January 28, 2017, anticipated annual total and comparable sales rates, anticipated new store openings in existing, new and international markets, anticipated Return on Invested Capital and trends in our operations. Such statements are based upon the current beliefs and expectations of the Company’s management and are subject to significant risks and uncertainties. Actual future results may differ materially from historical results or current expectations depending upon factors including, but not limited to: successful execution of our customer strategy, including expansion into new domestic and international markets, acquisitions, investments in our stores and online as well as investments in technology, our ability to realize the anticipated benefits from growth initiatives and our ability to provide a seamless experience across all channels; timely and effective execution of our ecommerce initiatives and ability to manage the costs and organizational changes associated with this evolving business model; timely completion of construction associated with newly planned stores, relocations and remodels, all of which may be impacted by the financial health of third parties; our ability to maintain relationships with our employees and to effectively attract, develop and retain our future leaders; effective inventory management processes and systems, fulfillment processes and systems, disruptions in our supply chain and our ability to control costs; the impact of any systems failures, cybersecurity and/or security breaches, including any security breach of our systems or those of a third-party provider that results in the theft, transfer or unauthorized disclosure of customer, employee or Company information or compliance with information security and privacy laws and regulations in the event of such an incident; successful execution of our information technology strategy; our ability to effectively utilize data in strategic planning and decision making; efficient and proper allocation of our capital resources; our ability to realize the expected benefits, respond to potential risks and appropriately manage costs associated with our program agreement with TD; our ability to safeguard our reputation and maintain our vendor relationships; our ability to respond to the business environment, fashion trends and consumer preferences, including changing expectations of service and experience in stores and online, and evolve our business model; the effectiveness of planned advertising, marketing and promotional campaigns in the highly competitive retail industry; the timing, price, manner and amounts of share repurchases by the Company, if any, or any share issuances by the Company, including issuances associated with option exercises or other matters; the impact of economic and market conditions and the resultant impact on consumer spending patterns; weather conditions, natural disasters, health hazards, national security or other market disruptions, or the prospects of these events and the resulting impact on consumer spending patterns; our compliance with applicable domestic and international laws, regulations and ethical standards, including those related to banking, employment and tax and the outcome of claims and litigation and resolution of such matters; the impact of the current regulatory environment and financial system and health care reforms; and compliance with debt covenants, availability and cost of credit, changes in our credit rating, changes in interest rates, debt repayment patterns and personal bankruptcies. Our SEC reports, including our Form 10-K for the fiscal year ended January 30, 2016, and our Form 10-Q for the fiscal quarters ended April 30, 2016 and July 30, 2016, contain other information on these and other factors that could affect our financial results and cause actual results to differ materially from any forward-looking information we may provide. The Company undertakes no obligation to update or revise any forward-looking statements to reflect subsequent events, new information or future circumstances.

INVESTOR CONTACT:
Trina Schurman
206-303-6503

MEDIA CONTACT:
Tara Darrow
206-303-3016

Source: Nordstrom, Inc.

Nordstrom, Inc. announces the appointment of Ken Worzel as president, Nordstrom.com

SEATTLE, 2016-Sep-22 — /EPR Retail News/ — To further accelerate its e-commerce, digital and mobile efforts, Nordstrom, Inc. (NYSE: JWN) announced that it has appointed Ken Worzel as president, Nordstrom.com.

Worzel has served as executive vice president of Strategy and Development at the company since 2010, where he has been responsible for strengthening the company’s competitive position and relevance through developing and executing customer-driven strategies to support the company’s growth. Prior to Nordstrom he worked as a consultant, including partnering with Nordstrom for 13 years while at Marakon Associates and McKinsey & Company.

“Through his six years as a leader at Nordstrom and many years prior to that working alongside our executive team, Ken has gained a deep understanding of how our e-commerce, digital and mobile efforts play an integral role in providing customers a differentiated experience through service, personalisation and convenience,” said Erik Nordstrom, co-president of Nordstrom. “Ken comes into this position with expertise around Nordstrom.com’s current position and a strong vision for its future potential that will continue to bring the company a tremendous amount of value as we evolve our strategy and build on our success.”

Additionally, to better serve the changing needs of its customers and how they shop, the company also announced a strategic shift of leadership responsibilities to better support the Nordstrom (full-price) and Nordstrom Rack (off-price) brands across both stores and digital. New assignments include:

  • Co-President Erik Nordstrom will now be responsible for the Nordstrom brand, including Nordstrom stores, Nordstrom.com, and Trunk Club as well as Customer Care, Marketing and Supply Chain.
  • Co-President Blake Nordstrom will be responsible for the Nordstrom Rack brand, including Rack stores and NordstromRack.com/HauteLook and other corporate functions including Finance, Technology, Legal and Human Resources.
  • Co-President Pete Nordstrom will continue to support all of the company’s merchandising functions and Store Planning. He will also remain closely involved in all areas impacting the Nordstrom brand, including marketing.

ABOUT NORDSTROM
Nordstrom, Inc. is a leading fashion specialty retailer based in the U.S. Founded in 1901 as a shoe store in Seattle, today Nordstrom operates 334 stores in 39 states and Canada. Customers are served at 121 Nordstrom stores in the U.S. and Canada; 205 Nordstrom Rack stores; two Jeffrey boutiques; and one clearance store. Additionally, customers are served online through Nordstrom.com, NordstromRack.com and HauteLook. The company also owns Trunk Club, a personalized clothing service serving customers online at TrunkClub.com and its five clubhouses. Nordstrom, Inc.’s common stock is publicly traded on the NYSE under the symbol JWN.

INVESTOR CONTACT:
Trina Schurman
Nordstrom, Inc.
(206) 233-6550

MEDIA CONTACT:
Tara Darrow
Nordstrom, Inc.
(206) 303-3016

SOURCE: Nordstrom, Inc.