Difference between revisions of "Timeline of Nordstrom"

This is a timeline of '''[[Nordstrom]]''', a clothing retailing company.

|1901–1928 || First generation of Nordstrom leadership under  [[John W. Nordstrom]].

| 1928–1968 || Second generation of Nordstrom leadership under [[Everett Nordstrom]] and brothers. Nordstrom expands out of Seattle into Portland. Nordstrom moves beyond shoes into general apparel.  

| 1968–1995 || Third generation of Nordstrom leadership under [[Bruce Nordstrom]] and brothers. Nordstrom goes public and grows into 61 full-line stores and 20 clearance and off-price stores. It expands into California, the East Coast, and the rest of the nation.  

| 2000–2016 || Bruce Nordstrom takes back leadership and retires in 2006. [[Blake Nordstrom]] becomes the first fourth-generation Nordstrom to lead the company. Nordstrom expands to the Internet and acquires [[Façonnable]], [[Trunk Club]], and [[Haute Look]]. By 2010, Nordstrom reaches record sales of 9.31 billion and its fastest-ever inventory turns—5.56 per year. Its shares grow by 120% from 2009-2014.<ref name="MyUser_Businessinsider.com_July_1_2016c">{{cite web |url=http://www.businessinsider.com/nordstroms-business-strategy-is-working-2014-12 |title=Nordstrom's Business Strategy Is Working - Business Insider |newspaper=Businessinsider.com |date=  |author= |accessdate= July 1, 2016}}</ref><ref name="pi">{{cite web |url=http://blog.seattlepi.com/thebigblog/2011/07/07/seattle-history-nordstrom-through-the-years/ |title=Seattle History: Nordstrom through the years - Seattle's Big Blog |newspaper=Blog.seattlepi.com |date=  |author= |accessdate= July 1, 2016}}</ref>

|1901 || Company|| Nordstrom is founded by [[John W. Nordstrom]] as Wallin & Nordstrom, a shoe store, at Fourth Avenue and Pike Street.<ref name="pi" />

|1923 || Expansion|| Nordstrom opens up its second store in the [[University District, Seattle|University District]] <ref name="pi" />

|1928|| Team|| John W. Nordstrom retires and sells his shares to two of his sons, [[Everett Nordstrom]] and [[Elmer Nordstrom]] (the 2nd generation of chairmen, who would stay for 40 years).<ref name="pi" />

|1968 || Team || All three brothers retire, letting the third generation take over (Everett's son, [[Bruce Nordstrom]]; Elmer's sons, James and John; Lloyd's son-in-law, Jack McMillan, along with family friend Bob Bender).<ref name="nbook">{{cite book|author1=Robert Spector|author2=Patrick D. McCarthy|title=The Nordstrom Way to Customer Service Excellence: The Handbook For Becoming the "Nordstrom" of Your Industry|url=https://books.google.com/books?id=0KNirQkGPw8C|date=7 February 2012|publisher=John Wiley & Sons|isbn=978-1-118-23653-6}}</ref>

|1975||Expansion || Nordstrom expands into Alaska (the only time by acquisition) by purchasing [[Alaska Commercial Company|Northern Commercial Company]] and opened its first Nordstrom Rack clearance store in Seattle.<ref name="nbook" />

|1991 || Company|| [[Nordstrom FSB]] (a federally chartered savings bank doing business as Nordstrom Bank) is founded.  

| 1997 || Team || John Whitacre steps in as the first CEO outside of the Nordstrom family.<ref>{{cite news| url=http://www.seattlepi.com/business/article/John-Whitacre-former-Nordstrom-CEO-was-a-team-1101449.php | title=John Whitacre, former Nordstrom CEO, was a team player|first=Christine|last=Frey|publisher=[[Seattle Post-Intelligencer]]|date=November 20, 2002|accessdate=September 24, 2013}}</ref>  

|1998 || Company || Nordstrom replaces its downtown Seattle store with a new flagship location in the former [[Frederick & Nelson]] building across the street.

| 2000 || Team || [[John J. Whitacre]] is replaced and [[Bruce Nordstrom]] returns to co-chairman.

| 2000 || Acquisitions || Nordstrom acquires [[Façonnable]], an international high-end men's and women's tailor, and keeps the acquisition until 2007.<ref name="nhomepage" />

| 2006 || Team || [[Bruce Nordstrom]] retires and [[Enrique Hernandez, Jr.|Enrique "Rick" Hernandez Jr]]., a Nordstrom board member since 1997, takes on the role of chairman.<ref>{{cite news|last=Earnest|first=Leslie|title=Nordstrom Goes Outside the Family|url=http://articles.latimes.com/2006/may/24/business/fi-nordstrom24|accessdate=5 October 2012|newspaper=Los Angeles Times|date=24 May 2006}}</ref>  

|2011 || Acquisitions || Nordstrom acquires [[Hautelook]] and enters the online private sale market.<ref name="nhomepage" />

| 2014 || Acquisitions || Nordstrom acquires [[Trunk Club]], a personalized clothing service.<ref name="nhomepage" />

[[Category:Company timelines]]