Word: nordstrom
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Dates: during 1990-1999
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...Jeffrey, 33, chief operating officer in 1991 and gave him day-to-day responsibility for running the company. The younger Swartz opened new Timberland outlets and, better still, got the company's merchandise into the stores on time. Timberland now runs over 100 "Concept Shops" in retailers such as Nordstrom and Macy's in the U.S. and markets its products in 45 foreign countries. International operations account for 40% of sales...
...still not planning to stick around on the East Coast any longer than I have to. But as I walk around Cambridge in my Eddie Bauer (from Seattle) coat and Nordstrom (from Seattle) shoes sipping poorly made coffee (not from Seattle), I can't help thinking that Boston is rather nice as Eastern cities...
...Diller, the transaction will provide QVC with the financial strength to withstand an onslaught of new competition from big department stores like R.H. Macy and Nordstrom, all of which have announced plans to enter the home- shopping business. Combined, QVC and HSN will generate about $147 million in annual cash flow, which would come in handy to finance Diller's dream of taking TV shopping to its next evolutionary stage: making it interactive. An advanced interactive system would let viewers browse through a sort of "video catalog" of a store's merchandise and place orders on-line and on-screen...
...stumbled by getting hooked on growth and expanding far afield from their core business. Sears took its eye off retailing in the 1980s to venture into stocks and bonds and real estate. As Sears diversified, highly focused retailers ate its bread and butter. Wal-Mart offered low prices, while Nordstrom boasted personal service. Now, with its flagship Sears stores in trouble, the company is getting back to basics by selling its Dean Witter brokerage house and most of its Coldwell Banker real estate firm. Sears is not the only respected name to get burned in the financial-services business; Westinghouse...
Some Seattlites suggested that the Nordstrom family buy the Mariners or that Boeing subsidize the team in some way. Most serious baseball fans prayed that the patron saint of Seattle, Microsoft whiz kid Bill Gates, would turn out to have played Little League before turning to computers...