Are customers too good at being loyal? Nordstrom’s famous rewards program is losing the company money as shoppers cash inBy Press Room5 June 2024 Members of Nordstrom’s popular Nordy Club have accumulated so many loyalty points and redeemed so many rewards that it’s impacting…
The rise of Bruce Nordstrom, who once swept the floors of his grandfather’s shoe stores for 25 cents an hour—and climbed the ranks to build a multibillion-dollar retail empireBy Press Room22 May 2024 Bruce Nordstrom, whose grandfather launched the very first Nordstrom stores over a century ago, died Saturday at age 90. His…
Nordstrom family eyes go-private deal for ailing retailer—againBy Press Room19 April 2024 Nordstrom Inc.’s founding family has notified the board of its interest in taking the company private. The department-store chain formed…