Nordstrom Stock Price, News & Analysis

Nordstrom, Inc. (NYSE: JWN) has appointed Eric Sprunk, former Chief Operating Officer of NIKE, to its Board of Directors, effective immediately. Sprunk's extensive experience in the consumer retail industry, including leadership roles at NIKE for over 25 years, is expected to enhance the board's expertise. He will stand for election at the upcoming 2023 Annual Meeting of Shareholders.

Sprunk's background encompasses roles in manufacturing, sales, and e-commerce growth, aligning with Nordstrom's strategic goals. This appointment expands the Nordstrom Board to 11 directors, reflecting the company's commitment to board refreshment and operational excellence.

Tilly’s, Inc. (NYSE: TLYS) has appointed Laura Janney as Executive Vice President and Chief Merchandising Officer, effective May 8, 2023. She will manage all merchandising operations, including buying, sourcing, and product development. Janney comes from Hudson’s Bay, where she served as Chief Merchandising Officer, and has over 30 years of experience at Nordstrom (NYSE: JWN) in various roles. CEO Ed Thomas expressed excitement about Janney's extensive retail experience, highlighting the expected value she will bring to Tilly’s. The company operates 249 stores across 33 states and has an online presence at www.tillys.com.

Nordstrom, Inc. (NYSE: JWN) announced the appointment of Jason Morris as chief technology and information officer, effective May 1, 2023. Morris, bringing over 25 years of retail technology experience, previously served at Walmart as senior vice president of enterprise business services. His responsibilities at Nordstrom will include overseeing technology functions such as engineering and data science.

CEO Erik Nordstrom expressed confidence in Morris's ability to drive the company's Closer to You market strategy. Morris aims to further enhance Nordstrom's digital capabilities, reflecting his commitment to improving customer service through technology. His background includes significant roles in developing customer-facing technology at Walmart, solidifying his expertise in retail innovation.

On April 13, 2023, Nordstrom, Inc. (NYSE:JWN) announced plans to open five new Nordstrom Rack stores in California by 2025. The new locations include Davis, Elk Grove, Gilroy, Oceanside, and San Mateo. The expansion will increase Nordstrom Rack's footprint to 68 stores in California, enhancing customer access to discounted apparel and online order services. The Davis store will be a 25,000 square-foot space in The Davis Collection, set to open in spring 2025. Other stores will open in spring 2024 and fall 2024. The new locations are part of Nordstrom’s strategy to provide a more interconnected shopping experience across its retail channels. As of now, the company operates a total of 97 storefronts across its various brands in California.

Nordstrom, Inc. (NYSE: JWN) announced plans to open a new Nordstrom Rack store in Wheaton, Illinois, scheduled for spring 2024. This 29,000 square-foot location will be situated in Danada Square East, integrating with well-known retailers like Whole Foods and J. Crew Factory. The store aims to enhance customer convenience, offering a selection of discounted items up to 70% off from brands available at Nordstrom stores. This opening is part of Nordstrom's Closer to You strategy, designed to connect customers with options across physical and digital platforms. With this addition, Nordstrom will operate 16 Nordstrom Rack stores in Illinois, further bolstering its market presence.

On April 13, 2023, Nordstrom, Inc. (NYSE: JWN) announced the upcoming opening of a new Nordstrom Rack store in Macedonia, Ohio. This 28,000 square-foot store, set to open in spring 2024, will be part of the Macedonia Gateway shopping center, enhancing Nordstrom's presence in Ohio to seven Nordstrom Rack locations and three Nordstrom stores. The new store aims to provide local customers with access to discounted brand-name apparel, accessories, and convenience services like online order pickup and returns. Carl Jenkins, Senior VP of Nordstrom Rack Stores, expressed enthusiasm for expanding customer access to Nordstrom's unique offerings. The initiative aligns with the company's strategy to enhance the shopping experience through a blend of physical and digital retail.

Nordstrom, Inc. (NYSE: JWN) has announced plans to open a new Nordstrom Rack location in Jacksonville Beach, Florida, scheduled for spring 2024. This 30,000 square-foot store will be situated in the South Beach Regional shopping center, alongside popular retailers like Trader Joe's and Home Depot. The new store aims to enhance Nordstrom's presence in Florida, where it currently operates 18 Nordstrom Rack stores and six Nordstrom stores. The Jacksonville Beach location is expected to provide customers with affordable brand-name products and convenient services, including online order pick-up and returns. This expansion supports Nordstrom's Closer to You strategy, which focuses on improving customer experience across physical and digital platforms.