Nordstrom Layoffs

Topics regarding layoffs at Nordstrom

Comment I found online re Amazon

“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?

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Post ID: @113hYo8G

Noticed a few things from the 10-Q released today

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 

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Post ID: @10TaZivz

Npg lay-off lawsuit???

Anyone see how Nordstrom hired interns for roles that were laid off for no fault of their own as a lawsuit???

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Post ID: @10SWuomu

Nyc rent?

How is Nordstrom expecting to pay lease for new nyc store? Any concerns seeing Barney’s results??

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Post ID: @10LjH6xW

Still tons of fat to cut

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 

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Post ID: @10GrgXFL

Good earns on weak revenues

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.

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Post ID: @10F97JNV

Laughing at the Board of Directors

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 

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Post ID: @10yDj2Ii

ERIK, FIRE THEM ALL

The nordstromrack.com web site is a complete abortion tonight. Time to hire some high school kids to do this right.

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Post ID: @10mpdGNE

Beware Nordstrom employees

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 

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Post ID: @10k9vwT0

$JWN CRASHES below $30

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 

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Post ID: @106SQuZ9

Barney’s bankrupt, NYC store rent is $30mm

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 

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Post ID: @102wJV1U

Stock buybacks

$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 

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Post ID: @ZRIVIWk

Full Line closing in San Francisco?

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.

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Post ID: @ZRvhDnt

Major hirings at Nordstrom in June?

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 

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Post ID: @ZMbSh4S

Nordstrom Anchorage AK Store Closing

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 

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Post ID: @ZK52CYX

Manhattan FLS is k--l

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 

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Post ID: @ZKS5pzL

Layoffs after Anniversary Sale?

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 

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Post ID: @ZIIQdh9

Nordstrom product group wake up

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 

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Post ID: @ZEFvkt3

Infor cloud POS

How is the Infor cloud POS? https://www.retaildive.com/news/nordstrom-picks-infor-cloud-pos-to-improve-inventory-awareness/438607/ —  read more 

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Post ID: @ZCHy4qd

The recent acquisitions

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 

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Post ID: @ZCO4LrT

Corporate layoffs downtown seattle

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.

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Post ID: @ZyElnQx

Corporate HQ Layoffs

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 

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Post ID: @Zwk7Sjy

Corporate should be concerned

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 

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Post ID: @Ztfv9Il

From the 10-Q

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 

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Post ID: @ZqRg83U

Missing from the 8-K

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 

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Post ID: @ZeHuo4E

No raises

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 

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Post ID: @ZahiorS

paycuts are disguised as raises

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 

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Post ID: @Z6uzYEn

Hourly raise updates?

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?

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Post ID: @Z5fkYrl

Nordstrom is doomed

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 

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Post ID: @YUEuGG1

It won’t end here... More to come...

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 

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Post ID: @YNSotyh

How can we know if our store is closing?

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 

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Post ID: @YI3eUhD

What is plan for Northgate?

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?

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Post ID: @YH8bpr0

Severance Package Distribution Ridiculous

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 

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Post ID: @YBfFsRn

Nordstrom in Norfolk to close

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 

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Post ID: @YuwkHLs

More layoffs in October?

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 

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Post ID: @YrzhH82

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