“I know a guy at AMZ and ‘Nordstrom K–ler’ project is going strong in terms of digital sizing women thru 3D scanning.” They are coming for you. Looks like Forever 21 will file Chapter 11 soon as well. How will Nordstrom fight the evil empire?
Topics regarding layoffs at Nordstrom
Now Nordstrom is accepting Macy’s returns! Ok now whoever is on the decision making for this needs to go
No stock buybacks in Q2, stock cut nearly in half. They still have dry powder to use to prop up the stock and give execs an exit, almost half the buyback allowance is still left, with no time limit. Nothing changed on risks, etc, kept referencing... — read more
Anyone see how Nordstrom hired interns for roles that were laid off for no fault of their own as a lawsuit???
How is Nordstrom expecting to pay lease for new nyc store? Any concerns seeing Barney’s results??
Rack pay rate max of $15 per hour has been lowered to $12.50 during layoffs/ changes in 2019.
Financials still not good. Execs and wall street report major infrastructure changes needed. #1 how are you going to increase sales? At this point margin builder npg is worthless, consider scale down/leadership change. Take that money invest in... — read more
Even with sales off, Nordstrom beats on earnings — nice job, guys. Does Nordstrom still have a VP whose job is to cut x% costs in various areas and ways each year? 1,800 overpaid SEs makes a pretty fat target.
How fitting that these chuckleheads turn down an earnest offer — at, what, $51/sh? — from the good Nordstrom clan, only to see their investments cut in half. What a gaggle of greedy losers! What, did they think $JWN would spiral back to $80? ... — read more
The nordstromrack.com web site is a complete abortion tonight. Time to hire some high school kids to do this right.
With option for the brothers to use daddy’s checkbook be very cautious internals. The executive leadership has failed and without ownership or plans to combat the retail environment, taking company private is only a bandaid they can afford. They... — read more
Nordstrom has the honor of being the worst performing stock in the entire S&P 500 for 2019. Expect to see rumors soon on the Street that the Nordstrom boys are saving their Saturday cribbage winnings to buy out $JWN on the cheap. Fortune agrees... — read more
You don’t “consider bankruptcy “, you either are or you aren’t, these guys are toast. https://www.reuters.com/article/us-barneys-bankruptcy/exclusive-department-store-barneys-new-york-explores-bankruptcy-sources-idUSKCN1U80NE This just as JWN... — read more
$702 million spent in 2018 alone https://press.nordstrom.com/news-releases/news-release-details/nordstrom-reports-fourth-quarter-and-fiscal-2018-earnings Several billion over the last five years or so. Something to think about as the stock pauses... — read more
Just saw a June 28 news article staring that Nordstrom is closing or closed one of its Bay Area stores. is this true? Has it already happened? I only knew about Alaska and Michigan of late.
With all the closings and layoffs - which have pretty much become a weekly thing, how in the world are we on the list of top thirty companies that were hiring like crazy in June? The only thing that comes to mind is that so many people are leaving on... — read more
Closing the Anchorage Store.... Per ADN. I hate it... Nordstrom will close its downtown Anchorage store at the Fifth Avenue Mall in September, the company announced Wednesday. The store’s last day of business will be Sept. 13. It is Nordstrom’s only... — read more
So long Nordstrom...
Chinese buyers are pulling out of New York real estate in droves China’s capital controls are making their mark on New York’s luxury real estate market. In an effort to shore up its currency, the world’s second biggest economy has been cracking down... — read more
That would be the time to do it, especially if there are any problems with the web store, or if the sale underwhelms. I bet Nordstrom could cut 1,000 from Technology alone and not even miss them. 2H 2019 should be brutal to the core business, they... — read more
Why is nobody reporting on all the Nordstrom layoffs??? Is media asleep? Nordstrom product group is suffering under leadership under qualified leaders ie.buyers can’t grow into operation leadership which is why it’s a sinking ship relying on Jeff... — read more
How is the Infor cloud POS? https://www.retaildive.com/news/nordstrom-picks-infor-cloud-pos-to-improve-inventory-awareness/438607/ — read more
BevyUp and MessageYes -- how are they doing? https://www.cnbc.com/2018/03/08/nordstrom-acquires-2-digital-retail-start-ups.html Whose jobs are on the line for making this call? — read more
All you need is a mirror - look into it deeply... Leadership Promotions based on political reasons is a recipe for disaster... Merit and Experience are the only legitimate reasons for advancement... — read more
Mass layoffs this week in downtown corporate. Yet still the leadership levels who are responsible for the bad decisions leading to profit loss and lack of effective growth plans remain. Outlook not good.
Nordstrom layoffs at their corporate HQ in downtown Seattle continue this week... It's been heart-wrenching to see so many good people get strung along and tortured with the fear of losing their job at any minute. This speaks volumes to how Nordstrom... — read more
Let's take that figure again of 1,800 software "engineers" working their hearts out in Corp center in Seattle. At a very conservative $125K cost/head, that is $225 million annually for labor. I have no idea if this includes project managers and other... — read more
NOTE 7: COMMITMENTS AND CONTINGENCIES Plans for our Nordstrom NYC store, which we expect to open in October 2019, ultimately include owning a condominium interest in a mixed-use tower and leasing certain nearby properties. As of May 4, 2019, we had... — read more
Nordstrom is coming off of a terrible earnings release, which has tanked the stock and has the analyst community deeply pessimistic on the future of Nordstrom. Overlooked in all of this is the great success of two critical initiatives in the... — read more
Do you sit in a cube, working on a computer all day? Are you paid more than $100,000 for doing this? Does struggling Nordstrom really need 1,000+ expensive people to run these IT systems? Are there really new features to "write" for mobile apps, the... — read more
Employees just found out no raises through an email . So disappointing to many of us who had great performance reviews made are events huge increases on the year and have been with the company almost 20 years. Nordstrom is not the wonderful company... — read more
The recent change in the structure may look like a pay raise. But look at the recent changes more closely. For instance, the top tier for a security ambassador was 14.80 now it is 14.50. The managers were not fully aware of the changes, and most... — read more
Managers were supposed to talk with employees about hourly employee wage updates but haven’t done so yet. Any insight as to what they are?
Retail is dying, and the FLS is the soul of the company. It cannot survive as a website, a mere fulfillment channel. Nordstrom was always about the shopping destination experience, quality merch, a nice restaurant, the best sales staff. The stock... — read more
The way they cut was very pick and choose in my store. Pretty much the SM took advantage of this situation and kept the favorites and let go of the rest. I have Worked so hard for this company and I didnt deserve this. A lot of people didn’t deserve... — read more
Is there any way to know if Nordstrom is planning to close my location? I'm asking because three people left in the past two weeks - one manager and two of his best buddies, which makes me worried that they might know something we don't. Am I just... — read more
JCP a goner. Macy’s is bailing early. Store #2 has always been lackluster, but it’s dear to the family. Has Nordstrom committed to keeping this store open through the redevelopment of the mall?
I am one of the DMs severanced. Been with the company 1 month short of 5 years. Had no negative coaching in my entire history and of course no tangible information was given as to why I was severanced versus offered the a DM role. Getting my... — read more
Another one bites the dust... Seems to be a pattern lately... A major department store is closing in MacArthur Center -- and it's a big loss for the mall. Nordstrom announced Friday's closing back in January. It opened for business in Norfolk 20... — read more
I’ve heard that they want to let the most recent restructure “blow over” for a bit before doing another restructure in October. Anyone have any insight to this? If so, the holidays working here will be a disaster. So much for “improving customer... — read more