Home » Money

Nordstrom stock falls after inventory-free store plan

13 September, 2017, 01:16 | Author: Jeff Stephens
  • Nordstrom's New Store Won't Sell Any Clothes — But Will Have a Bar Stocked with Beer and Wine

Instead of merchandise, the new Nordstrom store will focus on offering services to customers.

The Nordstrom family members - company Co-Presidents Blake Nordstrom, Peter Nordstrom and Erik Nordstrom; President of Stores James Nordstrom; Chairman Emeritus Bruce Nordstrom; and Anne Gittinger, granddaughter of Nordstrom co-founder John Nordstrom - had not made any proposal yet, the company said then. Nordstrom said this location won't stock accessories or clothing itself, but that people can order items for same-day pickup at the store.

The store will offer services like manicures, as well as wine, beer, coffee or juice from an in-store bar in the hopes of turning a trip to Nordstrom into an outing. Brick-and-mortar locations are still where most purchases happen, and they're invaluable as ways to acquire new customers and keep existing ones. The Nordstrom Local store, as it will be called, will open 3 October.

North Korea says United States fabricated most 'vicious' United Nations sanction, warns of retaliation
Geng said that China "hopes that the contents of Resolution 2375 can be implemented in a comprehensive and complete manner". The draft had also called for a ban on North Korean overseas laborers, but the approved resolution included some caveats.


Retailers across the country are trying to figure out how to make the best use of their vast swathes of physical store footage, when shoppers are buying more and more products online. A custom-clothing service will also be available.

Nordstrom is just the latest major retailer struggling with declining sales at its physical stores, a particularly acute problem at department stores, and looking to smaller format stores as way to reach more customers - comparable sales at Nordstrom's full-service department stores fell 7% in the first half of the current fiscal year. However, if the concept store goes well, it is likely that JWN will consider more of the stores.

More than anything, Nordstrom Local is service-oriented, and in addition to styling services, customers have access to the retailer's other amenities like Trunk Club styling, Buy Online, Pick-Up In-Store, onsite alterations and tailoring, same-day delivery, and curbside delivery.

Oppo A71, priced at Rs 12990 launched in India
The phone will be available through both retail stores and e-commerce sites such as Flipkart , Amazon and Paytm from today. In terms of hardware, the phone is powered by a MediaTek MT66750T octa-core 1.5 GHz processor and a Mali-T860 MP2 GPU.


More Stock News: This Is Bigger than the iPhone! Nor will one store, a small one at that, move the needle.

Nordstrom is about to experiment with a tiny location to attract new customers - and it won't even be selling any clothes there. If shoppers like what they try out, they can order the goods and have them delivered.

Ex-Knicks star Oakley sues Dolan, MSG over removal from game
Oakley on August 5 accepted a dismissal deal over a February spat with Dolan's security team at Madison Square Garden. Oakley has refused to walk to the bench in shame", the suit, filed in a Manhattan Federal court on Tuesday, continues.


Recommended:



Popular

Oil will keep flowing, but United Nations sanctions hit North Korea hard
Merkel has spoken to leaders including Chinese President Xi Jinping and Japanese Prime Minister Shinzo Abe about North Korea this week.

New UN sanctions will further squeeze, but not choke, Pyongyang
Mogherini said the European Union was focused on achieving a Korean peninsula free of nuclear weapons, through diplomatic means. Following a series of behind-the-scenes negotiations Sunday, diplomats agreed not to ban oil exports into North Korea.

Miami woman gives birth at home during Hurricane Irma
Although Irma's eye was almost 100 miles from the Miami area, hurricane-force wind gusts battered the area on Sunday. According to city officials, it would have taken about two weeks to move the cranes and there wasn't enough time.

Met Eireann issues status yellow warning for THESE counties
Winds could touch 60mph along the southwestern coasts through this morning (Monday) with 70mph gales forecast later on Tuesday. On Sunday, Met Éireann issued a similar Status Yellow warning with Mayo, Donegal, Sligo and Leitrim included on the list.

NASA sees Tropical Storm Katia develop near Mexico's east coast
According to reports, this is the first time since 2010 that the Atlantic is witnessing three active hurricanes at the same time. And Tropical Storm Katia will remain a tropical storm before it makes landfall in Central Mexico at the start of the weekend.

Pres. Trump to Meet With PM of Malaysia
Justice Department sued to seize some $1.7 billion in assets it said were bought with misappropriated 1MDB funds. The South China Sea will also be part of the talks, as will trade and investment, Sanders said.

Census Bureau: Median Incomes Climbing for First Time Since 2007
The Census Bureau reportedly changed its methodology in 2014, which could mean the numbers are not definitive. The agency released data on income, poverty, and health insurance for 2016.

Hurricane Irma: Naples, Florida mayor says city "dodged" storm surge predictions
About 5,000 of the Keys' 30,000 permanent residents stayed to ride out the storm, Florida Keys spokesman Andy Newman said. Millions of people have been left without power, streets have been flooded and roofs have been ripped off homes.

Apple iPhone 8, iPhone X launch tonight: All you need to know
Meanwhile, according to leaked images and reports , iPhone X will have a Touch ID and physical home button on the front . Apple will lure hundreds of tech reporters below ground on Tuesday morning to show them something shiny and new.

Instagram Stories get Canvas ad format from Facebook
The new features for users and brands are available from today in Instagram for iOS and Android. To do this open the app and go to your profile page.