Nordstrom

Business
5:00 am
Fri January 18, 2013

How are employers observing Martin Luther King Jr. Day?

President Lyndon Johnson shakes hands with the Reverend Martin Luther King, Jr., after handing him one of the pens used in signing the Civil Rights Act of July 2, 1964 at the White House in Washington.
U.S. Embassy New Delhi

If you’re looking forward to a long weekend, you’re in the minority. The number of employers closing for business on Martin Luther King Jr. Day has been inching up in recent years, but it’s still only 32 percent.

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Business
7:54 am
Fri November 9, 2012

Nordstrom sales and profit climb, but earnings miss analyst estimates

Bill Holmes

Nordstrom says profit and sales climbed in the most recent quarter, although earnings came in just below what analysts predicted.

Nordstrom says men’s shoes, men’s apparel and kids’ clothes did especially well. Morningstar analyst Paul Swinand says the company’s also doing well online. He says brick-and-mortar retailers like Nordstrom may have been late to the game but they’re reaping the benefits of e-commerce.

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Ref. 74
11:02 am
Thu October 11, 2012

Nordstom backs same-sex marriage referendum

Picture of Nordstrom pulled from their Facebook page
Nordstrom

OLYMPIA, Wash. (AP) — Upscale department store chain Nordstrom Inc. has joined a number of Pacific Northwest businesses in expressing support for same-sex marriage.

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Sports with Art Thiel
12:00 pm
Thu June 14, 2012

Preview: A hit with fans, Seattle arena deal goes under council scrutiny next week

Investor Chris Hansen, right, shakes hands with Seattle SuperSonics supporters Kris "Sonics Guy" Brannon, center, and David Brown after a memorandum of understanding was signed in an effort to bring the NBA back to Seattle.
Elaine Thompson AP Photo

A planned rally for Sonics fans at 4 p.m. today in Occidental Park is perhaps taking on even more significance, with word this week that Microsoft CEO Steve Ballmer and two members of the Nordstrom family are among the investors behind the plan to bring the Sonics back to Seattle with a proposed new arena.

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NBA arena
3:59 pm
Wed June 13, 2012

Arena investors revealed: Ballmer and Nordstroms back the project

Microsoft CEO Steve Ballmer cheering during a charity basketball game in Seattle last year - he's all in on the new arena.
The Associated Press

The team backing a new sports arena in Seattle began coming into focus today, with Microsoft CEO Steve Ballmer and two members of the Nordstrom family putting their money behind the proposed venue. They’re the first to go public as part of hedge fund manager Chris Hansen’s team of private investors.

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Economic Indicators
4:37 pm
Thu April 7, 2011

March sales at Costco, Nordstrom bode well for large retail

A happy shopper at a pre-Opening event in March of a new Nordstrom's Rack, part of the upscale retailer's expansion strategy in the down economy.
Flickr, @photo

A surprisingly solid March – that's the consensus about last month's retail sales.  Despite cold weather and climbing gas prices, shoppers spent a lot more money last month than they did in March a year ago.

Costco and Nordstrom are among the local companies that are benefiting.

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RETAIL ECONOMY
11:55 am
Fri February 18, 2011

Nordstrom acquires upscale online retailer HauteLook.com

Shoppers carry bags past the downtown Seattle Nordstrom store. The company announced on Thursday that it's buying the high-end "flash sale" website HauteLook.
Elaine Thompson AP

Nordstrom has jumped deeper into the luxury online retailing world by acquiring the "flash sale" website HauteLook for $270 million. The Seattle-based chain made the announcement on the heels of a report citing regular-price sales of "historically high levels."

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