Nordstrom Cheryl Akins Professor Araya Marketing 100 June 13‚ 2011 Nordstrom 1. Identify the type of retailer that Nordstrom’s is classified as. Describe the characteristics it shares with other retailers of this type. Nordstrom is classified as an upscale large independent department store. It shares the same characteristics as Macy’s‚ JC penny’s and Dillard’s who also sells clothing‚ accessories‚ handbags‚ jewelry‚ cosmetics‚ and fragrances. 2. Describe
Premium Retailing Department store Sales
Nordstrom: Dissension in the Ranks? Q1) What is the cause of the problems described in the case? How serious are these problems? The main problems of Nordstrom are its compensation and incentives policies that are distorted. This company uses a Sales-per-Hour ratio as the leading in performance evaluation and work compensation. This performance indicator is not properly balanced by other important factors‚ such as customer satisfaction‚ it just focus the sales and the number of hours worked. The
Premium Pleading Sales Consultative selling
NORDSTROM INC—ANALYZING FINANCIAL PERFORMANCE RETURN ON OPOERATING ASSETS ADDITIVE DUPONT MODEL Summary Nordstrom is one of the oldest retail companies in the United States. It started from 1901 in Seattle and has been grown to a powerful retailer in national area. Selling high quality products is the most important method for Nordstrom to collect its revenue. At the same time‚ Nordstrom also offers credits and debts to customers by his banks. In this case‚ we are trying to analysis Nordstrom’s
Premium Generally Accepted Accounting Principles Progressive tax Income tax
Companies should strive to develop unique resources in order to gain a lasting competitive advantage. Competitive advantage‚ whatever is source‚ can ultimately be attributed to the ownership of valuable resources that enable the company to perform activities efficiently at comparatively lower costs than its competitors. Superior performance will therefore be based on developing a competitively distinct set of resources and deploying them in a well-conceived strategy. Companies should abandon the
Premium Management Strategic management Economics
Circuit City developed world-class capabilities in logistics that enabled it to track trends and have inventory in its geographically dispersed stores. Additionally‚ Circuit City developed a core of motivated and knowledgeable sales staff. Circuit City employed a big-box strategy with stores that had a large footprint that stocked a variety of products (selection) and service that relied on economies of scale to achieve high sales volumes. High sales volume enabled competitive pricing‚ but it also
Premium Best Buy Marketing Management
Capabilities Capabilities are valuable‚ rare‚ costly to imitate and non substitutable are core competencies. Core competencies are sources of competitive advantage for the firm over its rivals. A sustained competitive advantage is achieved only when the competitors cannot duplicate the benefits of a firm’s strategy or when they lack the resources to attempt imitation. Sustainable competitive advantage results only when all four criteria are satisfied. For a capability to be a core competence
Premium Cathay Pacific Airline
Executive Summary In order to identify Verizon’s core competencies‚ a SWOT and Five Forces analysis was performed. The SWOT analysis showed internal strengths in technology diversification‚ a large and talented employee resource pool‚ and an expansive network footprint. Internal weaknesses were revealed that centered on post merger issues such as corporate culture issues‚ impending workforce retirements‚ and a lack of systems or process consolidation. External opportunities include the potential
Premium Strategic management Management SWOT analysis
Nordstrom: Planning a better inventory Question 1 Nordstrom has famously been known for its lean retail prices and its tight inventory. Nordstrom uses demand forecasting to minimize leftover inventory. Nordstrom’s total corporate management is based on two main goals. One is to associate purchasing with demand to keep inventory as lean as possible. Second is to present customers and sales associates with a wide-ranging view of Nordstrom’s entire inventory‚ including all stores and warehouses
Premium Warehouse Inventory Supply chain management terms
industry ● Demostrated a precise alignment commitment to performance and awareness to customers as directed by JPMorgan Chase ● Team player inspired confidence with innate personal ability to succeed in the organization ● Managed relationships with internal and external stakeholders ● Communicated clear and effectively with all stakeholders
Premium Management Customer service Marketing
Prevention/Protection Mission Area Core Capabilities On Monday‚ January 17‚ 1994 at 4.31 a.m. an earthquake measuring a magnitude of 6.7 struck a densely populated area of San Fernando Valley. In spite of Los Angeles County considered as one of the greatest prepared regions for earthquakes‚ Northridge was one of the worse disasters financially. They were around 14‚000 aftershocks reported in the magnitude of 4.0-5.0 range. Because of the earthquake people displaced from their homes are estimated
Premium Earthquake Plate tectonics Hurricane Katrina