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
Topics regarding layoffs at Nordstrom
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
So LP has been restructured again in 2019 at Nordstrom. Smaller Rack stores are down to one ambassador and an LPM, any more ambassadors will be laid off, if not already. The person with the most seniority stays. But it seems the Security Ambassadors... — read more
Opening right into a recession... this is going to be a spectacular disaster, isn’t it? Nice job, Nordstrom boys. — read more
I read somewhere that downsizing that started at Nordstrom in March will continue through April. Do we have any indications on when in April we can expect more cuts? Or do we have to worry and stress the entire month not knowing when the ax is going... — read more
Any truth to this? So this affected managers with more years under their belt. Why is that? Company trying to keep fresh,new blood? Assumption that the newer the manager is to their role, the younger they might be? [Which isn't true... Age... — read more
This was only the beginning of the restructuring. I just wish we had some more info and knew what to expect. It's not going to be fun having to stress over what's going to happen without having any idea when and what that is... If anybody knows more... — read more
I'm a salesperson at a full-line store and I think the manner in which the company approached the DMs/assistants was horrible and unprofessional. Very frustrating. Company seems to be headed south. Would not be surprised to see another major... — read more
The way this was told to managers is unacceptable. Managers who have give this company 14+ years are given one day to make a choice of whether to take a sales associate job or a severance package is a big slap in the face. This is pathetic... — read more
It is 100% confirmed. Cutting their management by 40%. Many good managers are not staying. It is really Nordstrom's loss. It is super sad especially since they are getting major tax cuts this year since the corporation tax rate is basically cut in... — read more
In my location, only managers were affected. Is this the situation everywhere?
They are doing public announcement towards the end of the week from what I've heard. 30-40% of management to be "restructured" (aka "your position no longer exists") at least that's how all of the stores we have friends in have been so far. Doesn't... — read more
Yes, the store-level IT techs were told they were going to be laid off, their managers too. Roughly 50+ positions... eliminated. They were alerted to the company-wide decision a few months back... and as of early February 2019 the layoffs were... — read more