60 Minutes Archives: The Nordstrom Boys

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  • Опубликовано: 28 мар 2021
  • 60 Minutes episode from 1990. Morley Safer interviews Nordstrom family members about the store culture, history and 1990 union controversy. See all of my historical Seattle Newscasts! • Seattle Newscasts
    #KOMO4 #KING5 #KIRO7
    • "The Great One", Jacki...
    Nordstrom, Inc. is an American luxury department store chain. Founded in 1901 by John W. Nordstrom and Carl F. Wallin, it originated as a shoe store and evolved into a full-line retailer with departments for clothing, footwear, handbags, jewelry, accessories, cosmetics, and fragrances. Some stores feature home furnishings and wedding departments, and several have in-house cafes, restaurants, and espresso bars.
    As of 2021, Nordstrom operates 100 stores in 32 U.S. states, and three Canadian provinces since entering the market in 2014. One location in Puerto Rico was in operation from 2015 through 2020.[3] The corporate headquarters and flagship store are located in the former Frederick & Nelson building in Seattle, Washington; a second flagship store is located near Columbus Circle in New York City. Its subsidiaries include the off-price department store chain Nordstrom Rack and the members-only online store HauteLook.
    Early history
    John W. Nordstrom was born on February 15, 1871, in the town of Luleå in Northern Sweden.[4] In 1887, Nordstrom immigrated to the United States at the age of 16.[4][5] His name at birth was Johan Nordström, which he later anglicized to John Nordstrom.[citation needed] After landing in New York, he began working in Michigan and was able to save enough money to purchase a 20-acre (81,000 m2) potato farm in Arlington, Washington.[4] In 1897, he joined the Klondike Gold Rush in Canada's Yukon Territory. After two years of prospecting, he finally struck gold, but sold his disputed claim for $13,000.[4] Returning to Seattle with his newfound wealth, he married Hilda Carlson in 1900 and searched for a business venture.
    Operations during 20th century
    Wallin & Nordstrom and Nordstrom Best
    Nordstrom eventually settled on a shoe store that opened in 1901, called Wallin & Nordstrom.[5] Carl F. Wallin, the co-founder of the store, was the owner of the adjacent shoe repair shop.[4] John and Hilda had five children, three of whom would follow him into the family business, Everett W. (1903), Elmer J. (1904) and Lloyd N. Nordstrom.
    In 1928, John W. Nordstrom retired and sold his shares to two of his sons, Everett and Elmer. In 1929, Wallin also retired and sold his shares to them. The 1930 grand opening of the remodeled Second Avenue store marked the change of name to Nordstrom's. Lloyd Nordstrom subsequently joined the company in 1933, and the three brothers ran the business together for almost forty years.
    By 1958, Nordstrom's had expanded to eight stores in two states but still sold only shoes. Their expansion was based on customer service, deep product offerings and full size ranges. Apparel came with its purchase of Best Apparel of Seattle in 1963, and the company's name was changed to Nordstrom Best.
    By 1975, Nordstrom expanded into Alaska (the only time by acquisition) by purchasing Northern Commercial Company and opened its first Nordstrom Rack clearance store in Seattle. A strong northwest regional retailer with sales already approaching $250 million making it the third-largest specialty retailer in the United States, the company opened its first Southern California store at South Coast Plaza in Costa Mesa in 1978.[11] By the early 1990s, it had opened 26 stores plus Racks in California. Subsequent expansion relied on creating a strongly decentralized regional structure, beginning with the Northeast in the Tysons Corner Center in Virginia (1988), the Midwest in the Oakbrook Center in Illinois (1991), the Southeast in Atlanta (1998), and the Southwest in Dallas (1996). In a new region, the initial store was used as a base for training and recruitment for subsequent expansion, and was usually backed by its own distribution center. From 1978 to 1995, Nordstrom opened a total of 46 full-line department stores.
    In 1976, Nordstrom opened a series of stores called Place Two to sell a more limited selection of apparel in smaller markets. By 1983, there were ten Place Two stores, but the cost of upgrading the smaller stores, especially from a systems perspective, outweighed the benefit, and the division was discontinued.[13] The last two remaining Place Two stores closed on April 1, 1995.[14] The company also expanded into direct sales in 1993, beginning with a catalog division[15] led by John N.'s son Dan that was followed by an e-commerce business. Nordstrom.com's fulfillment and contact centers are located in Cedar Rapids, Iowa; and Seattle, Washington. Currently, it has distribution centers in Ontario, California; Newark, California; Portland, Oregon; Dubuque, Iowa; Upper Marlboro, Maryland; and Gainesville, Florida.

Комментарии • 11

  • @raquelcabrera5232
    @raquelcabrera5232 10 месяцев назад

    Counts if not one, as close as possible.

  • @raquelcabrera5232
    @raquelcabrera5232 10 месяцев назад

    The sales recap is a retail requirement.

  • @alexthompson9516
    @alexthompson9516 2 года назад +1

    Da Boyz are back

  • @raquelcabrera5232
    @raquelcabrera5232 10 месяцев назад

    Westfield Broward Mall

  • @aananhenderson2689
    @aananhenderson2689 2 года назад +1

    great to see safer in his element exposing hypocrisy wherever he finds it, that gentleman at the end had me in tears I wonder where he is today or if he's already passed

  • @raquelcabrera5232
    @raquelcabrera5232 10 месяцев назад

    The Conjuring 2D

  • @raquelcabrera5232
    @raquelcabrera5232 10 месяцев назад

    Autonomous

  • @raquelcabrera5232
    @raquelcabrera5232 10 месяцев назад

    Westfield Stockholm

  • @raquelcabrera5232
    @raquelcabrera5232 10 месяцев назад

    Eau solamente est du Americane le explicione du Alexandria Rite. Avec le yuex sont verde.

  • @raquelcabrera5232
    @raquelcabrera5232 10 месяцев назад

    Mike Pence does have to listen to President Trump. Martin was not able to arrive in time.