Word: nordstrom
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...Wandering past model rockets, orange cosmonaut suits emblazoned with red U.S.S.R. emblems and a diorama of happy cosmonaut mannequins sitting around a campfire next to a crashed space capsule waiting for pickup, Lynn Nordstrom of Albuquerque, N.M., and her two sons - in Moscow for the Eurovision song contest - say they are enjoying their visit. But "after looking at this, I'm afraid of the Egypt syndrome, where all you do is talk about how great you used to be," Nordstrom says. "The museum is terrific, but you need to look to the future. My whole youth was spent hearing about...
Macy's is one of several big retailers that cater to the American middle class. Shoppers with a little less money may go to Sears or K-Mart. People who have a bit more disposable income may go to Nordstrom. Macy's shoppers are not likely to be in high end stores like Nieman Marcus or in companies like Wal-Mart who get consumers from the lower end of the income scale...
...Americans polled by market-research firm TNS Retail Forward said they planned to spend less money on Christmas gifts this month than they did one year ago. The pullback is not just hitting middle market retailers, such as Dillards and Macys, but upscale stores like Saks Fifth Ave and Nordstrom as well. Saks, for example, saw same-stores sales decline 11.5% in the third quarter, followed by a 5.2% decrease in November...
...design its 15 hotels and the 12 more coming this year, Anhut says the company looked to retailers such as Barnes & Noble, Starbucks and Nordstrom rather than demographics for inspiration and used retail-store designers to create some of the spaces. Anhut, like McGuinness, talks about a hotel that provides an experience--notes to guests are written in haiku, and the staff comes from behind the desks to help with luggage or discuss the best local restaurants. "Their customer is maybe a little more conservative than Aloft," says Chris Woronka, an analyst who follows the hotel industry for Deutsche Bank...
High-end department store (such as Saks Fifth Avenue, Neiman Marcus or Nordstrom...