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Nordstrom case analysis

Date post: 07-Jan-2017
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29
ant a Marriage with our custome Not a Relationship
Transcript
Page 1: Nordstrom case analysis

We want a Marriage with our customers,Not a Relationship

Page 2: Nordstrom case analysis

CASE ANALYSIS

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NORDSTROM’s ROOTS

• Shoe maker• Family Business

• Over 50% of company

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Founded by John Nordstrom

in 1901

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NORDSTROM’sStrategy

LUXURY&

PERSONALIZATION

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UPSCALE FASHION MERCHANDISER

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UNMATCHED CUSTOMER SERVICE

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UNIQUE CONSUMER PROFILE

Makes me feel SPECIAL

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People love Nordstrom

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Customer Loyalty

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• 112 full-line stores• 69 Nordstrom Rack clearance stores• 2 Jeffrey Boutiques• 1 clearance store

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How else can Nordstrom continue to provide exceptional customer service and increase brand loyalty?

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Continue understanding and pleasing CUSTOMERS like no one else does

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Continue to

provide High

QUALITY Products

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Give customers an experience to remember

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Cultivate Customer Relationship

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INCREASE BRAND LOYALTY

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What are Nordstrom's greatest risks, and who are its biggest competitors

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RISK #1Limited commercials

&Advertisements

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Sooo Costly!!...I'll Better go to some Other place

RISK #2

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Not having products consumers want or desire

RISK #3

Page 28: Nordstrom case analysis

• Founder, roots• Nordstrom’s StrategyBackground

• Customer Loyalty• Customer relationship ManagementWhy it works

• Rewards, schemes, shows• Stats of different storesCurrent Status

• High quality products, better service• Culitvate customer relationshipsWhat next

• Bloomingdale’s, Nieman Marcus, Saks Fifth• Advertisements, pricing strategy, widen market

Risks & competition

Summary

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DISCLAIMER

Created by : Tanmay Garg, NIT Surat during an internship by Prof. Sameer Mathur, IIM Lucknow.


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