Word: nordstrom
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...include their merchandise in a searchable database--then takes a 3.5% cut of every sale. Few small merchants have the budgets to pay for display ads and top placement in search returns. And that's what it takes to get noticed next to several dozen heavyweight "featured stores" (Nordstrom, Godiva, Gap et al.) that are paying the bigger bucks for even greater visibility. So while the large Web retailers are cutting six-, seven- and even eight-figure deals with portals, they are effectively pushing the small players to the sidelines. "It used to be that the Web was the great...
...Walmart Stores Inc. achieved its biggest single-day sales figure ever, earning $1.43 billion in sales, compared to last year’s 1.25 billion. Macy’s and Bloomingdale’s, along with Dillard’s and Nordstrom, Inc. also reported exceeding their sales expectations...
...Fendi, Marc Jacobs and Louis Vuitton. GLOSS.COM, a beauty supersite selling Chanel, Stila and eight other major brands, is easy to navigate and pools all your purchases into a single shopping cart. Amazon.com just introduced a similar portal for apparel, so you can hop from, say, Eddie Bauer to Nordstrom to Guess but check out only once...
...album, Play, stalled on the charts because it couldn't break through niche-driven radio playlists, Moby and longtime managers Marci Weber and Barry Taylor devised a remarkable strategy in which all 18 album cuts were licensed for commercial use. Songs from Play showed up in ads for Nordstrom and Nissan, in an Oliver Stone movie and--egad!--on Veronica's Closet before finally muscling their way onto radio in between Limp Bizkit and Britney Spears...
...hope Santa is good to them. Even before a single retail site burst online, America had too many retail stores. By 2000, it also had too many e-tail stores. Result: shuttered sites, struggling shops and shredded profits across the sector. Poor performance by such companies as the Gap, Nordstrom and J.C. Penney added to the dotcom carnage in the stock market. And new worries that consumer spending is slowing, presaging a recession, have made this Christmas the most critical in years...