Preview

What Are Nordstrom's Competitors

Satisfactory Essays
Open Document
Open Document
250 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
What Are Nordstrom's Competitors
How Nordstrom Bests Its Retail Rivals The family run Nordstrom’s opened it’s 43rd new department store since they regained control in 2000. Nordstrom gained a 12% in this past year to a $9.7 billion dollar high. Nordstrom also gained market share while Neiman Marcus and Saks have been slowed by the recession. Nordstrom has expanded in the US and abroad to Canada, but have decided not to franchise their retail outlets abroad. Nordstrom’s success has been attributed to making customer service the primary focus of operations. Nordstrom’s has lead the way in high level customer service and consistently ranks in the top 3 on Luxury institute surveys that measure customer service. Nordstrom’s retail stores are set up into lifestyle sections,

You May Also Find These Documents Helpful

  • Good Essays

    In the Nordstrom way book that I have just concluded I have found a lot of clear new tips, alongside of understanding a business from the ground up. In 1901 the first Wallin & Nordstrom store opened, from 1901 to present in 2017 this company is still thriving. It may not be run by the same people but the fundamentals of the store are the same as the store in 1901. The Nordstrom family had gone through a lot of processes to get where the company is to this day. Through the entirety of this book all of the success can be based off of hard work and creating the gold standard of customer service. The Nordstrom Way focuses solely on doing whatever may be needed to satisfy the customer. Using your own initiative, provide your customers with the exceptional…

    • 677 Words
    • 3 Pages
    Good Essays
  • Good Essays

    A strong operating performance is one of Nordstrom’s biggest strengths. Nordstrom displays a steady revenue growth, which is caused by the strength of Nordstrom full-line stores as well as the growing online business and improvements to Nordstrom Rack stores. Due to the strong operating performance, Nordstrom gains more confidence from investors than their competitors. Multi channel operations are also a strength that Nordstrom displays. Products are available through the company’s full-line stores, discount stores ‘Nordstrom Rack’, ‘Jeffrey’ boutiques as well as the internet allows the company to improve sales and inventory turnover. Nordstrom also allows customers to purchase items online and then pick the items up at a store the…

    • 612 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Blake Vs Nordstrom

    • 493 Words
    • 2 Pages

    The corporate president’s sphere of influence in the Nordstrom organization has been great and effective as he has been in the position for about 15 years. Blake W. Nordstrom has been with the company for about 39 years and has worked his way to the top (A reference, 2015). As corporate president, he continuously moved the company forward in growth and profits.…

    • 493 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Case Study: Nordstrom

    • 612 Words
    • 3 Pages

    On the other hand, Nordstrom has identified many effective strategies from other retailers in order to improve and prosper without failing along the way. They have identified what the customer wants and/or needs in an uncertain economy. Also, their inventory management process has become a long-term investment which other retailers like Macy’s or Saks have not been able to…

    • 612 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    All customers know Nordstrom’s good policy and we have a huge amount of loyal customer that just buying from our store. The store I am working at, is the largest store in Washington DC area with the highest volume.…

    • 257 Words
    • 2 Pages
    Satisfactory Essays
  • Better Essays

    The purpose of this report is to identify whom the millennial customer is, why they are so important to the future of Nordstrom as a company, and how we can better capture this opportunity to have continued success in later years. The first sections of the report discuss who the millennial is and also covers the sector of this industry that caters to the market of the millennials. Both a SWOT and competitive analysis was used to assess the market place and where Nordstrom currently stands relative to the competition that is favored by the millennial customer. The report also mentions what strategies will be used to capture this segment of the market through remerchandising, updating visuals in current departments, revamping those departments that are not very successful company wide, and improving the current utilization of our social media efforts on an individual store level. Finally, each of our strategies will further explain what tactics we will use to accomplish our marketing objectives .…

    • 4174 Words
    • 17 Pages
    Better Essays
  • Powerful Essays

    Nordstrom vs. Macy's

    • 1282 Words
    • 6 Pages

    In the 1980’s Nordstrom’s experienced a boom. This was due to many factors but one of the most prevalent was their amazing use of customer support. Over almost anyone else Nordstrom’s prides itself on having some of, if not the best, customer support. This is helped by them recruiting managers from the ranks of salespeople thereby encouraging their employees to work harder while maintaining high moral.…

    • 1282 Words
    • 6 Pages
    Powerful Essays
  • Good Essays

    Nordstrom Vs. Technology

    • 329 Words
    • 2 Pages

    The retail industry is rapidly changing due to technology advancements and consumer demand. Consumers have shifted to ecommerce spending rather than with brick and mortar stores. Nordstrom, a leader in the retail industry, is facing growth issues in retaining consumers under this transition. Despite this major shift in ecommerce spending, Nordstrom has been able to tap into the market by offering a seamless online shopping experience, similar to the experience customers receive in store. Bloomingdales and Macy’s, Nordstrom competitors, are also facing these issues but are less successful in adaptation. The overall trend will force expansion in their online presence, to mitigate the risk of market share loss. Amazon,…

    • 329 Words
    • 2 Pages
    Good Essays
  • Better Essays

    Nordstrom is well known for their excellent treatment of employees. Employees are well-trained, enthusiastic, and motivated through good leadership. In addition, Nordstrom has developed an employee service program, which offers management and service classes for any employee to take (Nordstrom Inc, 2011).…

    • 15399 Words
    • 62 Pages
    Better Essays
  • Powerful Essays

    Nordstrom was established in 1901 and was a retail store for shoes. Among the stores many goals was to offer a wide selection of merchandise with outstanding quality and service. It was twenty two years before they added a second store, and eventually became one of the largest shoe store chains in the United States. They began offering clothing and accessories for the entire family. Right now, they are one of the top luxury retailers with over 320 stores in 29 states in have expanded into Canada. This paper will explore the financial health of Nordstrom for 2014, as compared to the previous year of 2013, and also compared to one of its top competitors; Macy’s. Its other competitors in the market are Dillards, and Neiman Marcus.…

    • 1907 Words
    • 8 Pages
    Powerful Essays
  • Good Essays

    Nordstrom, Inc. is an American upscale fashion retailer, which was created John W. Nordstrom and Carl F. Wallin and it’s headquarter is located in Seattle. The company started as a shoe retailer and has ever since extended its inventory including clothing, handbags, accessories, jewelry, cosmetics, and fragrances. Select Nordstrom stores also got wedding and home furnishing departments. There are 323 stores in 38 states and Canada, which is including 119 full-line stores and 183 Nordstrom Racks, two Jeffrey boutiques and one clearance store. Nordstrom also helps customers via Nordstrom.com, the newly created e-commerce site nordstromrack.com, and its online private sale site. Its teams are made up of aggravated individuals who…

    • 520 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Nordstrom Company

    • 1094 Words
    • 5 Pages

    Accrue with store methods and assign to deals which seem to be perfection and access you want to contend with using Nordstrom Coupon Code. Settle through perfection and consent to acquire rate curtailments and access that might comply as online and store wants. Assign having store selection and consider rate cut means to attain online.…

    • 1094 Words
    • 5 Pages
    Good Essays
  • Good Essays

    Nordstrom Essay

    • 1313 Words
    • 6 Pages

    Nordstrom’s ample understanding of consumer behavior has helped the company grow immensely over time. A main reason is Nordstrom’s philosophy. Nordstrom focuses on empowering the managers and sales force to make decisions that favor the customer, not the company. By focusing on the customer, they were able to retrieve information necessary to expand the business. For example, Nordstrom’s realization of a market for women’s clothing pushed them to expand beyond their small shoe store. They were able to be successful with this due to their marketing research on women and their understanding…

    • 1313 Words
    • 6 Pages
    Good Essays
  • Satisfactory Essays

    I think that because Macy’s caters to many different people of races, income brackets and even social standings the way in which they communicate is above and beyond excellence. Because of this diverse culture you have to be able to interact with everyone and have great people skills to get your ideas and products out in the public’s eye.…

    • 377 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    To begin with, Nordstrom employees treat customers like royalty. Customers are even at the top of Nordstrom’s so-called organization chart. All lower levels work towards supporting the salespeople, who in turn work to serve the customers. Salespeople are given personalized business cards to help them build relationships with customers. They are not tied to their respective departments but to the customers, this turns their salesperson a “personal shopper” of the customers. This opportunity to sell departments enables salespeople to maximize sales and commissions while providing superior customer service. Despite all the efforts in making sure customer satisfaction is met, it starts from the employees. Nordstrom employees are treated almost like the extended family. They are treated like businesspeople and empowered to make independent decisions. Overall, Nordstrom delivers good quality product with good service.…

    • 463 Words
    • 2 Pages
    Satisfactory Essays