Jeffrey Kalinsky to Lead Nordstrom Efforts Across All Designer Merchandise Categories
SEATTLE, June 6 /PRNewswire-FirstCall/ -- Seattle-based Nordstrom, Inc. (NYSE: JWN), announced today that Jeffrey Kalinsky, founder of Jeffrey New York and Jeffrey Atlanta, will take on a larger role at Nordstrom, moving from a part-time advisory capacity to more of a hands-on leadership position. Kalinsky will continue to partner with the head merchants of women's and men's designer apparel, shoes and accessories while guiding the overall vision for the designer experience at Nordstrom. The company also significantly increased its ownership in Jeffrey. Kalinsky will remain President of Jeffrey stores. No further details about the purchase agreement were disclosed.
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"Our merchants who oversee designer product across their respective categories have done an incredible job of driving results as we've seen double-digit increases month after month," said Pete Nordstrom, president of merchandising. "Designer continues to be an increasingly important part of the business and Jeffrey is a great contributor to our efforts. It only makes sense to leverage Jeffrey's talents and experience to more aggressively pursue the designer category."
"I have been thrilled by how much we've been able to grow the designer business at Nordstrom over the past couple years," said Jeffrey Kalinsky, director of designer merchandising. "There is a strong and loyal customer base who wants to buy this product from Nordstrom."
"This is really an evolution of why we started the partnership to begin with," continued Kalinsky. "I'm excited to be part of this great company. I've enjoyed partnering with the merchant team at Nordstrom and we have ambitious plans to accomplish more together."
Just Jeffrey, Inc. operates two luxury specialty stores, Jeffrey New York in New York City and Jeffrey Atlanta, in Atlanta, Ga. JSK Enterprises, Inc. runs a luxury footwear boutique, Bob Ellis, recently renamed Jeffrey in Atlanta, Ga.
Nordstrom, Inc. is one of the nation's leading fashion specialty retailers, with 155 U.S. stores located in 27 states. Founded in 1901 as a shoe store in Seattle, today Nordstrom operates 98 full-line stores, 50 Nordstrom Racks, four Faconnable boutiques, one freestanding shoe store and two clearance stores. Nordstrom also operates 37 Faconnable boutiques in Europe. Additionally, Nordstrom serves customers through its online store at http://www.nordstrom.com and through its catalogs. Nordstrom, Inc. is publicly traded on the NYSE under the symbol JWN.
MEDIA CONTACT: Michael Boyd
Nordstrom, Inc.
(206) 373-3038
SOURCE Nordstrom, Inc.
06/06/2007
CONTACT: Michael Boyd of Nordstrom, Inc., +1-206-373-3038
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