Nordstrom to open California store with no inventory
Nordstrom to open California store with no inventory
Taking a Fresh Look at Nordstrom, Inc. (JWN)
13 September, 2017, 01:16
Nordstrom is opening a new store in California next month that's significantly smaller than what the department store chain usually builds and - in a twist - won't be stocking clothing or any inventory at all.
The store is set to open in West Hollywood, Calif., on October 3. Among its services, the new Nordstrom will offer *free* personal styling, alterations, trunk club services, manicures (!), and on-site refreshments (aka wine and beer). If consumers have to come into the store just to have a consultation about a potential purchase, then make the purchase, and wait for delivery, then the shopping experience has gotten a lot more complicated and a lot more time consuming. But it actually makes ideal sense for Nordstrom, and it seems far from insane when considered against the backdrop of the struggles facing brick-and-mortar retail today. "Finding new ways to engage with customers on their terms is more important to us now than ever".
JCPenney has said it will close 138 locations, roughly 14% of its stores.
Don't get us wrong, we're all about online shopping.
Labeled Nordstrom Local, the store will be staffed with personal stylists who can order merchandise for shoppers. That's why it isn't critical to have racks packed with clothing on hand.
The chain's first-of-its-kind concept store on Melrose Place is just two percent the size of a typical Nordstrom and focuses on services, not products. It's an innovative solution to the problem of over-investment in retail space-which some have called a retail bubble.
Image:Nordstorm launches retail store with new concept.
More Stock News: This Is Bigger than the iPhone!
Of course, this is still an experiment, and it's unclear whether it will pay off.
The Nordstrom Local will have eight dressing rooms to allow shoppers to on clothes and accessories like shoes, even though that merchandise will not be stocked at the store. So far, the luxury department store has largely avoided the full brunt of the 'retail apocalypse, ' but the stock is trading at just 55% of its $82 peak in March of 2015.
If nothing else, Nordstrom Local could be a valuable testing ground for Nordstrom to observe shoppers in the wild and figure out what they want.
A Miami resident has been documenting the turbulent floods and high winds from his high-rise home as Hurricane Irma hits Florida. Florida's coastal and southern areas have been evacuated since last week with a record 6.3 million people leaving their homes.
Kris Kobach may have thought he had a slam dunk case when he showed up in New Hampshire Tuesday to claim mass voter fraud. This alone means that the 5,313 votes are likely not the illegal votes for which the panel has claimed to be hunting.
Mackenzie Financial Corp has 39,900 shares for 0.03% of their portfolio. 254,583 are owned by Apg Asset Mngmt Nv. Rainier Inv Mgmt Lc reported 32,565 shares. 456,991 are held by California Public Employees Retirement Sys.
Chen called the game a "romantic social game", stating that it's meant for even the most casual gamers to be able to get into. Sky's controls are minimized for casual play, with the game playable using only one finger on a remote or smartphone.
Gerald McRaney won his first Emmy for his guest role as doctor Nathan Katowski in the NBC drama This Is Us . The key Creative Arts victory for " Veep " this year, as in the last two years, might be the casting award.
A college official said the officer was following instructions to crack down on illegal vendors outside the campus event venues. Flores later met with the vendor , Juan , and conducted a number of media interviews to highlight the fundraising effort.
It may be weeks before some get their power back, because electrical systems in some areas may need rebuilding, FPL has warned. Across the country, only about 20 percent of US power lines are underground, the Energy Information Agency reports.
Well, folks, it's a pleasure to be with you guys, here on the field, from up close, just watching Coach Vance Joseph from here. It was Dipp's only report of the game , but it made him a trending topic online - but users on Twitter wanted more.
Chepstow photographer wins 'monkey selfie' legal battle
Circuit Court of Appeals to dismiss the case and throw out a lower-court decision that said animals can not own copyrights. Attorneys for the group and the photographer, David Slater , on Monday asked the San Francisco-based 9th U.S.
How to Watch Hurricane Harvey Benefit Online
According to Entertainment Weekly, Scooter Braun was part of the team that put this event together along with Bun B . A Benefit for Hurricane Relief today announced additional beneficiaries in the wake of Hurricane Irma's devastation.
Neo-Nazi charges: United Kingdom soldiers appear in court
The charges came after a number of people were detained by officers from West Midlands Police Counter Terrorism Unit last week. The men were among five arrested on September 5 as part of a pre-planned, intelligence-led operation.
PM calls Trump to try to save United Kingdom aviation jobs
The Prime Minister raised a court case involving US-based Boeing and Canada's Bombardier during a call to the President last week. The call came at the urging of the Democratic Unionist Party, whose ten MPs prop up the Conservatives' minority government.
Okami HD Confirmed and Dated for PS4, Xbox One and PC
Rumors have swirled for a few days about Okami HD getting a re-release on modern-day devices, and Capcom confirmed it today. Interestingly, it'll be possible to toggle between widescreen format or the original release's 4:3 aspect ratio.
Hurricane Irma: Dramatic Videos Show Storm Battering Florida
The first was over the Florida Keys, and the second, over Marco Island, left the island without water and power, authorities said. In Florida, the state's biggest electric company said its outages came to more than 3.6 million by 8:30 a.m. on Monday.
Brace yourselves! Up to 75mph winds to hit Lincoln
He said: "An early-season storm will aim for the United Kingdom on Sunday, bringing the potential for damaging winds ". Please stay up to date with the weather warnings via the Met Office and stay Weather Aware.
Government scraps public sector pay cap
Responding to the announcement, TUC general secretary Frances O'Grady said "this below-inflation pay offer is pathetic". Unison general secretary, Dave Prentis, said: "It's a tiny step in the right direction but not almost enough".