Accounting 601 Nordstrom Final Project

BACKGROUND Nordstrom was founded in Seattle, Washington in 1901 as a garb store. John W. Nordstrom partnered with Carl F. Wallin, who owned a shoe mending shop, and undecided Wallin and Nordstrom, a shoe store that prided themselves on guest expediency and selection. Wallin retired in 1929 and sold his shares to the next generation of Nordstroms. enclothe did non debut in the stores until 1963. Nordstrom, as Nordstrom Best (NOBE) went public on the NASDAQ in 1971. A name change occurred in 1973 Nordstrom and the center field was changed to JWN as a tribute to its founder John W. Nordstrom. JWN is in a flash traded on the NYSE. Nordstrom has grown via expansion rather than the retails more commonplace method, that of acquisition. Currently, Nordstrom has 225 retail stores in the U.S. Their largest retail concentration is on the East and West Coasts. In 1993 Nordstrom entered the catalog market. Nordstroms chief competitors are Bloomingdales, Lor d & Taylor, Von Maur, Neiman Marcus and Saks 5th Avenue.

transmit FUTURE GROWTH The recent downturn of the economy disturb all segments of retail however the prodigality segment, of which Nordstrom and its competitors are a part, was much more resilient. The worst year appeared to be 2009 with the lavishness segment rebounding in 2010 and 2011. The following is a comparison of 2011 gross sales growth of Nordstrom as compared to several of its competitors: Nordstrom7. 2% Neiman Marcus7.5% Saks 5th Avenue6.4% ! Bloomingdales5.4% Nordstrom, in its approximately recent Annual Report, anticipates its same-store sales to be 4 to 6 percent but sets a corporate name and incubate of high single digit summarise Sales Growth. integrality sales growth is achieved through the expansion of retail spotlight and increased online sales. Same-store sales are sales growth at bottom a static environment. Industry analysts estimates for Nordstrom are very(prenominal) hopeful. First...If you insufficiency to get a full essay, order it on our website: BestEssayCheap.com

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