Nordstrom Swot Analysis

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In the year of 1887 John W. Nordstrom came to America from Sweden in search for opportunity. He started off laboring in mines and logging camps in California and Washington. In 1897 he headed north to Alaska and Klondike in search for gold. He returned with $13,000 ready to invest. Nordstrom met Carl F. Wallin, now a shoe maker, during his travels to Alaska. They both partnered up to open a shoe store called Wallin & Nordstrom. After much success the two decided to retire in 1928-9 and sell their shares of the company to Nordstrom’s sons, Elmer and Everett. Nordstrom’s third son, Lloyd joined the company in 1933. Together the brothers build the largest independent shoe chain in the nation. In the early 1960s the brothers bought Best Apparel,…show more content…
It was formed in 1991 in Scottsdale, Arizona, with its customer contact center in Centennial, Colorado. Nordstrom FSB was formerly known as Nordstrom National Credit Bank and changed its name to Nordstrom FSB in March 2000. The bank offers various banking and credit products, such as Nordstrom Signature VISA, Nordstrom retail credit and debit cards, interest-bearing checking accounts, check cards, and certificates of deposits. It offers Nordstrom customers cards under Nordstrom Rewards – its customer loyalty program – where customers earn points when making purchases with the card at Nordstrom and other retailers. Other rewards include Nordstrom Notes which are redeemed or used like cash in stores for new purchases and the Nordstrom Signature VISA card also has an optional travel/leisure rewards feature. The Nordstrom Rewards program features 4 levels of status depending on annual spending and offers various promotional times throughout the year to earn double, triple and even ten-times…show more content…
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 its customer contact center in Centennial, Colorado. Nordstrom FSB was formerly known as Nordstrom National Credit Bank and changed its name to Nordstrom FSB in March 2000. The bank offers various banking and credit products, such as Nordstrom Signature VISA, Nordstrom retail credit and debit cards, interest-bearing checking accounts, check cards, and certificates of deposits. It offers Nordstrom customers cards under Nordstrom Rewards, its customer loyalty program, where customers earn points when making purchases with the card at Nordstrom and other retailers. Other rewards include Nordstrom Notes which are redeemed or used like cash in stores for new purchases and the Nordstrom Signature VISA card also has an optional travel/leisure rewards feature. The Nordstrom Rewards program features 4 levels of status depending on annual spending and offers various promotional times throughout the year to earn double, triple and even ten-times points. Neiman Marcus-

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