Improved store

Apr 09, 2010 23 Replies

HUH??? Nordstrom was started in Seattle, and as far as I can tell they are still independent. Publicly traded on the NYSE as JWN:

formatting link
"Nordstrom, Inc. is a fashion specialty retailer. As of March 19, 2010, the Company operated 187 stores located in 28 states in the United States. The Company operates in four segments: Retail Stores, Direct, Credit and Other. The Retail Stores segment includes its 112 Nordstrom full-line stores, 72 off-price Nordstrom Rack stores, two Jeffrey boutiques, and one clearance store that operates under the name Last Chance. The Direct segment's merchandise is primarily shipped from its fulfillment center in Cedar Rapids, Iowa. Its Credit segment includes its wholly owned federal savings bank, Nordstrom fsb, through which it offers a private label card, two Nordstrom VISA credit cards and a debit card for Nordstrom purchases. Its Other segment includes its product development team, called Nordstrom Product Group, which designs and contracts to manufacture private label merchandise sold in its Retail Stores and Direct segments."

Nordstrom family members are still officers.

formatting link
" In 1935 the Allied Stores Corporation was founded as a successor to Hahn. In the decades to follow, Allied continued to grow through sales and more acquisitions, until in 1986 it was acquired by the Campeau Corporation. Allied and Federated Department Stores, another Campeau subsidiary, were merged in 1988 to form Federated Stores, Inc. In 1990 Federated filed for reorganization under Chapter 11 of the U.S. Bankruptcy Code, from which it emerged in 1992. In 1994 Federated and R.H. Macy & Co. merged, creating the largest department store chain in the United States."

Unless management is unusually innovative, the need to grow often means acquiring other going successful operations. I regret the many, many, local start-ups which were later swallowed up by other larger companies with no local roots or interest. My husband worked for 42 years at Tektronix, Inc.

formatting link
a division of Danaher Corp. Beverly

Who, me bitter? Nah, I loved losing my health benefit after the take-over.

That's one. I think Nieman-Marcus may be another.

It's been a few years *cough* since I worked in department stores (store detective-type, me) but I remember when Allied and Federated were buying up all the local department stores. It goes on, I see, and even with bankruptcy proceedings, lots of times that's just to get out from under debt, to "reorganize." The "need to grow" is Wall Street driven. The stock market is killing business in this country. It's no longer a matter of building a company, brand loyalty, improving product -- it's "get the money and run." I found it fascinating that when the Soviet government fell, the U.S. sent people to teach them how to set up a stock market. Not how to set up businesses, how to manufacture, how to sell, but how to float stock and gamble on it.

Heaven can't be far from that description.

Claire in Montréal France. http:// snipped-for-privacy@free.fr

This sounds like a cross between the Globe Store, associated with Wanamaker's, in Scranton, PA, sadly also defunct in the mid-1990's, and the Boston Store (aka Fowler, Dick and Walker) a few miles south in Wilkes-Barre PA, which still exists as a branch of the Boscov's Department Stores. I remember going into the Globe Store to pay my bill sometime in the early

1990's and they still used the old-fashioned huge ledgers, with hand entries. The Boston Store had a lunch counter on the lower level. This persisted into the twenty-first century, I believe, but I'm pretty sure they don't serve food anymore. I think both stores had the vacuum tube system.

Oh, and the fabric slide and measure thingies? They were in the basement (huge) fabric department at Lazarus's Department Store in Wilkes-Barre, which is now a parking lot.

Iris

Join the Discussion

Have something to add? Share your thoughts — no account required.

Didn't find your answer?

Ask the community — no account required