This website uses cookies to ensure you have the best experience. Learn more

Nordstrom Bank Essay

656 words - 3 pages

Nordstrom, Inc. is an upscale department store chain in the United States, founded by John W. Nordstrom and Carl F. Wallin. Initially a shoe retailer, the company today also sells clothing, accessories, handbags, jewelry, cosmetics, fragrances, and in some locations, home furnishings. There are now 225 stores operating in 29 states across the U.S. The corporate headquarters and the flagship store are located in Downtown Seattle, Washington.
NORDSTROM BANK & FASHION REWARDS PROGRAM: Nordstrom FSB, a wholly owned subsidiary of Nordstrom, Inc., is a federally chartered savings bank doing business as Nordstrom Bank. It was formed in 1991 in Scottsdale, Arizona, with ...view middle of the document...

Nordstrom Rack is now included too. The top two member levels (3 and 4) annual spend levels have been halved - level 3 is achieved now with annul spend of $5000+ and Level 4 for $10,000+. Nordstrom officials say the number of Fashion Rewards members is growing (about 2.6 million), as is the amount they are spending. Kevin Knight, president of Nordstrom Credit, told the Wall Street Journal that these customers make twice as many shopping trips and spend three times more than a typical Nordstrom shopper. The change-up is part of Nordstrom's efforts to drive more shoppers to its stores. Sales are trending up - preliminary year-to-date total sales for 2011 were up nearly 13 percent to $9.8 billion compared with 2010.
Employee Empowerment: Nordstrom was listed at No. 72 in Fortune magazine's 100 Best Companies to Work For 2009. For many years, new employees were given a copy of the famous Nordstrom's Employee Handbook – a single 5-by-8-inch (130 × 200 mm) gray card containing 75 words:

Other Papers Like Nordstrom Bank

Strategic Management Essay

6893 words - 28 pages   * Online banking is an example of reducing the costs to manage customers in person by customer service representatives, bank tellers, stockbrokers etc... (banks have moved customer accounts and support functions online)  * Internet-based retailers (i.e. Amazon) are saving significant costs by selling their products online rather than through physical retail stores     Infrastructure and Efficiency    * A company's infrastructure - that

Freedom And Responsibility Essay

2141 words - 9 pages Built within the Constitution of the United States are specifically defined freedoms that are guaranteed to all citizens. Conversely, with every constitutional freedom there comes a corresponding responsibility. On September 25, 1789, the state legislature’s twelve proposed amendments were transmitted by congress, the first two dealing with congressional representation and congressional pay. The following numbers three through twelve were

Hate Crime Laws

2348 words - 10 pages On June 7, 1998, 49-year-old James Byrd Jr. of Texas accepted a ride from three white men, who then beat him severely, urinated on him, chained him by his ankles to the back of their pick-up truck, dragged him for three miles into the countryside, and dumped his corpse in front of an African-American cemetery (Graczyk). A little over a year later, a jury sentenced ring leader John King to death by lethal injection (“Man Executed for Dragging

Rational Emotional Behavior Therapy Case Study Conceptualization And Treatment Plan

2140 words - 9 pages Rational Emotional Behavior Therapy Case Study of Sarah: A Conceptualization and Treatment Plan Rational emotive behavior therapy, REBT, was developed by Albert Ellis and holds the central belief that the events in our lives do not cause our disturbances but that they are instead caused by our view of the events (Murdock, 2009). Murdock (2009) states that “people are seen as responsible for their behavior” (p. 279) but, because they are

Holidays In Albania

1636 words - 7 pages Have you ever thought about having exciting and incredibly cheap vacations? Albania might be the right choice. According to My Travel Guide, Albania is ranked the fourth among ten places worth visiting in Eastern Europe (“Top 10 Eastern European Destinations”). One can encounter three kinds of vacations in this Mediterranean country: winter, summer, and cultural. The ideal places to spend your winter vacations are the Albanian Alps. They are

A Heart Of Darkness

1748 words - 7 pages In this short story, there are frequent significant subject and ideas that make the story, "A Heart of Darkness," by Joseph Conrad, and haunting novel. The main theme is absolute white power over the natives. The theme validates the corruption, and the dependence caused by the white people as they took over the Congo. White men were giving all the power; they had no self-control, and in the end they did not use wisely. The white men became

The Aspects Of Vulnerability Among The Exploited In Medical Research

2287 words - 10 pages Essentially, everyone is in some state of vulnerability. However, some of us are more susceptible to harm due to our vulnerabilities. The susceptible are the individuals with the greatest risk. These individuals risk the loss of their autonomy, and maybe even their lives. Vulnerable populations can be found in every subset of society. However, as previously mentioned, there are some vulnerable populations that are at an even greater risk than

The Hitchhiker’S Guide To The Galaxy

1171 words - 5 pages The Hitchhiker’s Guide to the Galaxy As the human race makes life-changing discoveries, it is made apparent that there is always more to learn as the universe, instead of becoming familiar, is becoming absurd. The Hitchhiker’s Guide to the Galaxy, written by Douglas Adams, as well as the 2005 film adaption, portrays absurdity to be an all-encompassing system in the universe. Through the introduction and attempt to understand lack of reason, the

The Ford Motor Company Wage Increase Of 1914 And The Theory Of Incentives And Efficiency Wages

1252 words - 6 pages ‘It’s not the employer who pays the wages. Employers only handle the money. It is the customer who pays the wages’ (Henry Ford, cited in Johnson and Weinstein 2004, p. 2). When the Ford Motor Company announced that it would more than double the wages of its workers in January 1914 to a ‘five-dollar day’ minimum, was this a contradiction to Henry Ford’s statement? If customers are actually the ultimate payers of wages, then more than

Historical Analysis Of The Economical Breakthroughs Of The Industrial Revolution

1396 words - 6 pages A Historical Analysis of the Economical Breakthroughs of the Industrial Revolution During the Industrial Revolution, many elements of society experienced huge breakthroughs that would change the way they functioned forever. Economics were definitely one of them. With many new inventions and many factories appearing, many, many, more resources were being created than ever before. Also, all of the revenue from these resources was being given to

Leadership Portrayed in Monologue from Shakespeare’s Henry V

1214 words - 5 pages Leadership is defined as a socially constructed process and which also affect organizational future outcomes. Leader is someone at high position who have overall duty for an organization, she or he decide what to do and the way how to achieve it. (Carter and Greer, 2013)The role of leader is extremely important for an organization, leader use their own power to influence the followers though many different ways such as motivation in order to

Related Essays

Uts Strategic Management Kelompok 3 Building Your Company's Vision

1491 words - 6 pages . Contohnya termasuk Hewlett-Packard, 3M, Johnson & Johnson, Proctor & Gamble, Merck, Sony, Motorola, dan Nordstrom. Perusahaan-perusahaan yang besar memahami perbedaan antara apa yang seharusnya tidak pernah berubah (statis) dan apa yang harus terbuka untuk berubah (dinamis), antara mana yang benar-benar keramat dan mana yang tidak. Kemampuan yang langka untuk mengelola kontinuitas dan perubahan ini terkait erat dengan kemampuan untuk

Customer Centrality Essay

5844 words - 24 pages , like Harrah's casinos, they have come to the understanding that although they might not be able to compete on sheer size, they can compete with kindness that is, "kindness" delivered via a sophisticated patron-tracking program that ensures each customer visit to a Harrah's floor is a profitable visit. Or maybe, having just heard the famous Nordstrom tire story for the umpteenth time, your competitor's top executive is starting to reconsider

M&A Project Essay

7979 words - 32 pages majority will show preference to whatever is the cheapest product, so with competitors in the market that can offer lower prices, they have a greater chance of losing volume of customers. * All of their direct competitors are threats, such as Jos. A Bank, Burlington Coat Factory, Macy’s, and Nordstrom, among others. Since this market has slowed down, even with recognition in the industry, competition is more ruthless with a more stagnant market

Portfolio Managment Essay

2236 words - 9 pages - portfolio set #1 3. Markowitz Model- portfolio set #2 4. Markowitz Model- portfolio set #1 Analysis I minimized variance on both models for each portfolio using an annual rate of return target of 15.4 percent. The results suggested we sell off Bank of America, Clearwater Paper Corp., Disney Co., General Electric Co., Hecla Mining Co., Nordstrom Inc., and Prospect Caopita Corp. I replaced these securities with Charles Schwab, International