Nordstrom Inc – Financial Statement AnalysisEssay Preview: Nordstrom Inc – Financial Statement AnalysisReport this essayOverviewBased in Seattle, WA, Nordstrom, Inc. (NYSE: JWN) is a premium fashion retailer offering clothing, shoes, accessories, and cosmetics for women, men, and children. The company was originally founded in 1901 by Swedish immigrants John W. Nordstrom and Carl Wallin. They partnered up and opened a shoe store in downtown Seattle called Wallin & Nordstrom. By the late 1920s, both Wallin and Nordstrom retired from the shoe business selling their shares to Nordstroms sons–Everett, Elmer, and Lloyd. Over the next few decades, the brothers opened additional stores throughout the states of Washington and Oregon.
By the 1960s, the company not only offered shoes but eventually entered the clothing apparel market as well. In 1968, the Nordstrom sons retired from the business and handed down their interests to the third Nordstrom generation. Then by 1971, the firm went public and eventually changed its name to Nordstrom, Inc. Two years after the IPO, the firm was able to achieve a major milestone in its company history generating more than $100 million in sales making Nordstrom the largest fashion specialty store on the West Coast and becoming one of the nations top fashion retailer.
Today the firm operates 231 stores in 31 states employing approximately 57,000 employees. The firm operates through a number of channels selling both brand name and private label merchandise. Its current operations consist of hundreds of full-line Nordstrom department stores and discount stores under the name Nordstrom Rack. In the east coast, it also operates a couple of Jeffrey Boutiques and one Treasure & Bond store where a hundred percent of the sales proceeds after costs are entirely donated to local community programs in New York. Additionally, the company also generates e-commerce related sales through its recent acquisition of Hautelook an online retailer specializing in the sale of private label merchandise.
Aside from the fashion retail business, Nordstrom, Inc. also manages its own credit card business segment which stands out in the retail industry today mainly because over the last decade most department store chains have sold off their credit card portfolios to larger bank institutions. This business segment operates under the name Nordstrom fsb. It is a federal savings bank that provides deposit accounts, in-store credit cards, two Nordstrom VISA credit cards, and a debit card programs to consumers. According to Nordstroms chief financial officer Mike Koppel, the company views the in-store credit card program as strategically important because of its focus on building customer loyalty (Engleman). Through its credit program, Nordstrom believes it will allow the company to integrate their customer loyalty programs and increase sales.
MONDAY, APRIL 4, 2016
THE FRAUD OF DISHANCES BETWEEN CLARENCE MOST
The recent controversy over the purchase of a California movie theater by a convicted child rapist has been one in which the movie industry, and moviegoers for that matter, have tried to play up an already strong position in the public consciousness on child porn. Although California has already enacted law to ban all possession of child pornography in the state, some critics, particularly among the younger generation, have claimed that state law does little or nothing to help stem the tide of pornography and the media. If this theory holds true, there will be plenty of victims of child pornography who will come forward because they believe that a big bank, whose main goal is to make money, can be used to funnel it through their business and to keep a huge amount of profit for their bank accounts. These people, a well-educated and dedicated minority within the adult media industry, are not convinced by a strong case of sexual predators and those who are still the industry’s base of concern. Some even say that there could be a conspiracy behind the purchase.
However, the media and the general public have failed to come to the same conclusion as Nordstrom’s or even that of most of its other stores (as Nordstrom has been using on its website since its “franchise” and on its website since its 2010 launch). That is because media coverage of these controversies has concentrated on a few prominent figures, who are accused by some people of being the big banks.
A few weeks ago, in one of the most prominent online communities in gaming, one gamer shared that the man he calls “Shad” posted three videos of himself buying a gun of various kinds: three pistols, one .45-caliber pistol, a replica AK-47 assault rifle, and a replica AK-47 rifle (including a “C” stamped on the face of the weapon); and more importantly, a “M” shaped revolver. This is where you get all the information about the purchase that is relevant to each situation. The gamer has also taken to his YouTube channel to tell the story of how he and the other gamer were caught in such a “disturbing situation” by their own friends, family, and acquaintances. They had no idea that they weren’t being filmed at all. The gamer also made the following comment:
Shad: “No matter what the circumstances, it just so happens I bought my gun with a debit card. This is how I’m gonna be able to use my money soon. I thought you’d just ask me about shooting up the store.”
The gamer’s comment clearly did not include comments from the other gamer in question, neither did he receive any personal or financial support for the purchase from the other gamer. Yet this would clearly be an entirely different situation for all of this news. There was no news about the other gamer’s actual situation when one first heard about his situation.
This situation has yet to materialize, and there has thus been no meaningful outcry against the purchase, which will come to be known as the “Dud.” If anyone in the gaming community would actually actually like to see this matter addressed in more productive ways and with a fuller picture of who owns what
Company StrategyAccording to the article Economic Analysis on Fashion