InfoAnda - Nordstrom family scion keeps up with Amazon online |

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

San Diego Brush Fire Believed To Be Caused By Human Activity | 25 May 2009
Matt Hagan leads way in NHRA Nationals | 19 September 2011
Embassy an uncomfortable refuge for Honduras' Zelaya | International | | 25 September 2009

Size Does Matter! - Nino Declared World’s Shortest Man | 7 September 2010

Forum Views () Forum Replies ()

Read more with google mobile : Nordstrom family scion keeps up with Amazon online |

Edition: U.S. Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Home Business Business Home Economy Technology Media Small Business Legal Deals Earnings Social Pulse Business Video The Freeland File Aerospace & Defense Investing Simplified Markets Markets Home U.S. Markets European Markets Asian Markets Global Market Data Indices M&A Stocks Bonds Currencies Commodities Futures Funds peHUB Dividends World World Home U.S. Brazil China Euro Zone Japan Africa Mexico Russia India Insight World Video Reuters Investigates Decoder Politics Politics Home Supreme Court Politics Video Tech Technology Home MediaFile Science Tech Video Tech Tonic Social Pulse Opinion Opinion Home Chrystia Freeland John Lloyd Felix Salmon Jack Shafer David Rohde Nader Mousavizadeh Lucy P. Marcus Nicholas Wapshott Bethany McLean Anatole Kaletsky Zachary Karabell Edward Hadas Hugo Dixon Ian Bremmer Lawrence Summers Susan Glasser The Great Debate Reihan Salam Frederick Kempe Mark Leonard Steven Brill Breakingviews Equities Credit Private Equity M&A Macro & Markets Politics Breakingviews Video Money Money Home Tax Break Lipper Awards 2012 Global Investing MuniLand Unstructured Finance Linda Stern Mark Miller John Wasik James Saft Analyst Research Alerts Watchlist Portfolio Stock Screener Fund Screener Personal Finance Video Money Clip Investing 201 Life Health Sports Arts Faithworld Business Traveler Entertainment Oddly Enough Lifestyle Video Pictures Pictures Home Reuters Photographers Full Focus Video Reuters TV Reuters News Article Comments (0) Pictures Our best science photos of 2012 The year that was in science and technology images. Slideshow Follow Reuters Facebook Twitter RSS YouTube Read Funerals begin for Newtown victims as schools confront tragedy | 3:57pm EST Democrats vow to push for gun control measures in Congress 16 Dec 2012 More U.S. lawmakers consider curbing assault weapons 2:48pm EST Hungary's Jews face down new extremism 16 Dec 2012 Educators on edge as children go back to school in U.S. 3:33pm EST Discussed 337 Connecticut gun rampage: 28 dead, including 20 schoolchildren 249 Democrats vow push for gun control measures in Congress 201 Connecticut town’s schools locked down following shooting report Pictures Reuters Photojournalism Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography. See more | Photo caption Tragedy in Newtown Mourning the victims of the Sandy Hook school shooting. Slideshow Roofless in Brazil Thousands have joined a growing Roofless Movement who find shelter in abandoned or vacant buildings in Sao Paulo. Slideshow Sponsored Links Nordstrom family scion keeps up with Amazon online Tweet Share this Email Print Related News Best Buy shares up 17percent on $5 billion founder bid report Thu, Dec 13 2012 As global consumers shop mobile, Apple outshines rivals Wed, Dec 12 2012 Yahoo CEO Mayer revamps email in first big product move Tue, Dec 11 2012 Special Report: The FBI visits; the jihad begins - Jane's Jihad Sun, Dec 9 2012 Special Report: a vow is confirmed; a jihad grows - Jane's Jihad Sat, Dec 8 2012 Analysis & Opinion A truth bomb for Walmart supporters A new business model for a new generation of consumers Related Topics Tech » Media » iPad » Black Friday » The Nordstrom store is seen at a mall in a Denver suburb May 16, 2008. Credit: Reuters/Rick Wilking By Alistair Barr SAN FRANCISCO | Mon Dec 17, 2012 1:37pm EST SAN FRANCISCO (Reuters) - The future of retail came to Jamie Nordstrom not in a dream, but though his email inbox from Amazon.com Inc, the online retailer that Nordstrom now targets as his biggest rival. The 40 year-old, great-grandson of Nordstrom Inc founder John W. Nordstrom and president of Nordstrom Direct ordered a fishing tackle box from Amazon last year. And then he received emails from Amazon about other tackle boxes for five straight days. On the sixth day, Amazon sent an email to buy an additive that is often used to preserve gasoline in boats stored over the winter -- an example of Amazon's strength crunching customer data to provide more relevant recommendations. "I was like, 'Crap, I need some of that.' They got me and all I had to do was literally hit a button. That's incredibly valuable," Nordstrom said during an appearance at the Milken Institute Global Conference earlier this year. Nordstrom, who already has his company's online business growing at a greater pace than its rivals, sees this "personalization" as the new front in the retail wars, delivering the high levels of customer service that the department store is already known for. That's why Nordstrom is going on the offensive against Amazon, spending heavily on technology and luring talent from Amazon and Microsoft Corp. to super-charge his family department store chain's growth. At a time when others are still playing defense or trying to match Amazon, Jamie Nordstrom is seen as a leader in the retail industry's attempts to grow online. "I really respect a lot of what's going on at Nordstrom online and Jamie Nordstrom runs that," said Scot Wingo, chief executive of e-commerce firm ChannelAdvisor. "He's focused on putting customers first and that's led him into these new areas." The scion of the Seattle-based retailing family led a multi-year integration of Nordstrom's stores and website that was completed in 2009 - years before most retailers. Now, in addition to personalization, he's going after the world's largest Internet retailer with a mobile device strategy and broader online selection. "E-commerce is going to be where the majority of our future growth comes from, period," Nordstrom said in September at a National Retail Federation conference. "We're building a foundation to be successful in that environment. That's where the battle will be won or lost." Retailers like Best Buy Co Inc and Barnes & Noble Inc are losing sales to Internet rivals as more people shop online, lured by low prices, vast selection and the convenience of faster shipping. This year on Black Friday, traditionally the most important shopping day in the United States, online sales surged 26 percent, while store sales dropped an estimated 1.8 percent, according to comScore Inc and ShopperTrak, respectively. For Nordstrom, such rapid online sales growth is business as usual. Third-quarter sales at the company's department stores rose 8.1 percent compared to the same period a year earlier, while sales at Nordstrom Direct, as the online business is known, jumped 38 percent. While it's from a much smaller base, that growth outstripped the rate of Amazon's third-quarter sales, which climbed 27 percent. "They have always been on the forefront and Jamie knows his stuff, knows the competition and remains humble," said Jennifer Black, a retail analyst at Jennifer Black & Associates who has covered Nordstrom for more than a decade, who began her career there and meets with Jamie Nordstrom at least once a year. "If you ask Jamie what he wants to be when he grows up, he wants to compete with the likes of Amazon," she added. "That's setting the bar high and I think that's good." The main difference between Jamie Nordstrom and other retail executives is his willingness to spend heavily on long-term projects, another Amazon trait, according to Josh Berman, co-founder of MySpace and CEO of online fashion start-up BeachMint. At the start of 2012, Nordstrom unveiled a $3.3 billion, five-year capital plan of which about 30 percent was to be spent on e-commerce and technology. That is double the amount Nordstrom allocated to those areas in its capital plan a year earlier. STOCK BOYS When Berman and Nordstrom met at the Milken conference in Los Angeles in May, they reminisced about their first jobs as stock boys at Nordstrom. Berman had a holiday job in the stockroom of the Nordstrom in Woodland Hills, California, when he was 16, while Jamie Nordstrom began his career as a teenager in the stockroom of a Nordstrom store. "This was about 27 years ago and he was very familiar, not only with the mall I worked at, but with the ins and outs of the specific department I worked in," Berman said. Jamie Nordstrom is now part of a nine-person team that runs the company. He's the second cousin of three other Nordstroms on the team: Blake, president of Nordstrom; Erik, president of stores; and Peter, who runs merchandising. Before 2005, Nordstrom.com and the company's physical stores had different products and prices and separate marketing, human resources and accounting departments. Jamie Nordstrom combined the two, giving sales staff and customers access to any product in inventory at any time. Nordstrom can also fulfill online orders from stores, or order an item online that has run out in stores. The system can also route online orders to stores where items are selling slowly, keeping turnover high and limiting price mark downs, according Kimberly Greenberger, an analyst at Morgan Stanley. Most retailers, including Wal-Mart Stores Inc and Macy's Inc, have only recently set up such systems, known as multi-channel fulfillment. Now Nordstrom plans to show more relevant recommendations to customers online and to their smartphones. The best selling online categories include: women's and men's apparel, jewelry, and cosmetics. Such information will also show up in Nordstrom stores through sales staff using Apple Inc iPads and iPod Touch devices. "Retailers that are investing in the back end of that - to deliver that personalized information - are the ones that are going to win," Nordstrom said, noting that the company has more than 10,000 mobile point-of-sale devices in its stores. "We're betting pretty hard on that." To get all this done, he has hired more than 400 new employees with experience in areas such as software engineering and website development. Last year, Nordstrom hired Kirk Beardsley, an e-commerce executive from Microsoft, who was director of business development at Amazon for over seven years. Other Microsoft and Amazon employees have followed Beardsley to Nordstrom Direct. "We've been on an online growth strategy, you could say, for eight years now," Nordstrom said. "At different steps along the way we see opportunities to make a step change in our capabilities. In 2012, we saw an opportunity." (Editing by Leslie Gevirtz) Tech Media iPad Black Friday Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Edition: U.S. Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Connect with Reuters Twitter Facebook LinkedIn RSS Podcast Newsletters Mobile About Privacy Policy Terms of Use AdChoices Copyright Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Other News on Tuesday, 18 December 2012
Clinton gets accountability report on Benghazi attacks |
In South Korea's Exam Village young voters yearn for change |
Feuding French conservatives set new leadership vote |
Five men jailed in Kosovo for 54 years |
Egypt's new public prosecutor resigns |
Eyeing growth, France seeks to smooth Algeria ties |
World must not let up pressure on Somali pirates: NATO |
Bahrain breaks up protests, arrests campaigner: activists |
U.S. could wrap up Google probe this week: sources |
Intel wins patent appeal against N-Data |
Google, Facebook drive mobile ad market growth: report |
Web TV service Hulu books $695 million in annual revenue |
Judge orders Ancestry.com to disclose more details on Permira deal |
Massachusetts fines Morgan Stanley over Facebook research |
EU could make firms disclose network security breaches |
Nordstrom family scion keeps up with Amazon online |
Bin Laden movie Zero Dark Thirty arrives, mired in controversy |
Gabby Douglas, Adele among brightest young stars -Forbes magazine |
Martin Scorsese to direct Bill Clinton documentary |
Hobbit film sets December record in U.S., Canada debut |
Syrian rebels take control of Damascus Palestinian camp |
On eve of South Korea vote, Park sounds father's battle cry |
Mexico's new president outlines nuanced fight against violence |
Cayman Islands' ruling party fails to reach consensus to oust premier |
Accident at China's Baosteel plant kills two, injures 13 |
Japan's Abe to pick LDP veteran Aso as finance minister: media |
U.N. makes it easier for blacklisted Taliban to travel for peace talks |
Trouble flares as loyalist fury over Northern Ireland flag row renews |
Russia abstains from vote on Yugoslav war crimes tribunal |
Judge rejects Apple injunction bid vs. Samsung |
Microsoft, Motorola millions apart on royalty payment case |
Twitter and Nielsen pair up to publish new social TV ratings |
Florida man sentenced to 10 years in hackerazzi case |
Django Unchained premiere canceled after Newtown shooting |
Egypt prosecutor's resignation angers Brotherhood |
Iran defiant on enrichment ahead of possible nuclear talks |
Thousand Palestinians enter Lebanon after Damascus fighting |
Iraqi president in hospital after suffering stroke |
Israel presses on with plans for 6,000 new settler homes |
War crimes court acquits Congolese warlord |
Bahrain extends detention of rights campaigner held in rally |
South Africa's ANC re-elects Zuma, picks Ramaphosa as deputy |
Analysis: Lumia sell-out no proof of Nokia turnaround |
Clearwire, Sprint set $120 million breakup fee |
FactSet forecasts second-quarter results largely below estimates, shares fall |
GT Advanced forecasts loss on tight financing in solar, LED markets |
Three Stooges, 190 short films, one new photo book |
The top films at the North American box office |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph	VPN on MacOSX	BlogMeter 1.01