Nordstrom is an American fashion retailer company. It was founded by two people named John W. Nordstrom and Carl F. Wallin. Its headquarters are in Seattle. The company began as a shoe retailer and expanded its inventory to include clothing, accessories, jewelry, fragrances, etc. The Nordstrom stores also have a wedding and home furnishing department. There are about 329 stores which are operating in almost 39 states and Canada, which includes, five Trunk Club clubhouses, and also one clearance store. Nordstrom provides services to customers through their website. In 1887, at the age of 16, John Nordstrom came to the United States like many others. He was born in the village of Alvik Cedar in Northern Sweden. Which he later anglicized to John Nordstrom. He first began working in Michigan. As he moved across the country, he worked at several jobs to earn his livelihood. With the help of his regular job, he managed to save enough money to purchase a potato farm in Washington, near Seattle.
In 1897, he joined the Klondike Gold Rush in Canada's Territory. After two years of examining, he finally resorted to run the business. In 1928, he took retirement and sold his shares to two of his sons, Everett and Elmer.
Beginning in 1995, the brothers and cousins served as co-presidents. After John Whitacre served as the first CEO in the year 1997, the family held its control back in the year 2001 with both sons of Bruce assuming senior roles on the board of the company which they continue to hold until today.
In February 2011, the company announced the acquisition of HauteLook, an online retailer that offers flash sales on designer goods. The deal only included Nordstrom paying $180 million in stock and a three-year payment based on HauteLook's financial performance.
On January 4, 2013, Nordstrom confirmed another location in the Saint Paul metropolitan region. The Ridgedale Center it would be the second in the Saint Paul area. After the success of the opening of Mall in America in 1991, Nordstrom has looked to expand in the various Cities market. Plans were occasionally made in the year 2007 to expand presence to Ridgedale Center in 2011, only to be canceled in 2009. It opened in September 2015.
Nordstrom traditionally only holds five designated sale events every year. But four of these are equal to Half-Yearly sales, which take place semi-annually and are split up by different department. For the women and the kids, the Half-Yearly sales take place in the months of May and November. The Men's Half-Yearly sales occur in the mid-June and late of December. Nordstrom was listed as 72 in Fortune magazine 100 Best Companies to Work. Nordstrom was 36 on the same list in 2008, 24 in 2007, 46 in 2006 and 88 in 2005. In 2010, it ranked as number 53 and dropped to 61 in 2012. Nordstrom started its new concept to come into functionalization, they aimed at increasing sales. Their major step towards this was to announce several promotional techniques.