Nordstrom

WATSONVILLE, Calif. — EVP and president of Nordstrom Direct Jamie Nordstrom has joined West Marine's board of directors. Nordstrom also was appointed as the fourth member of West Marine's governance and compensation committee.

His board and committee service is expected to begin on the first meeting scheduled in 2013, most likely in March, and Nordstrom, like all the other directors, will stand for re-election to the board at West Marine's 2013 annual meeting of stockholders.

Anxiety over Amazon.com is at an all time high this holiday season and a top executive at Nordstrom shared insights recently on competing successfully.

New York -- British billionaire Sir Philip Green, the owner of the Arcadia retail group, sold a 25% stake in his fast-fashion Topshop and Topman retail chains to Los Angeles-based Leonard Green & Partners for about $805 million. Arcadia’s other retail divisions include Miss Selfridges, Bhs, and Dorothy Parker.

Seattle -- Nordstrom said it plans to move its full-line store located at South Bay Galleria three miles south to Del Amo Fashion Center, Torrance, Calif. The two-level, 138,000-sq.-ft. store will open in 2015 as part of a major renovation of Del Amo Fashion Center that was announced Monday by Simon Property Group.

It’s common to see BMWs, Mercedes and other luxury makes in Walmart parking lots, but a new study reported on by Ad Age reveals wealthier shoppers prefer Amazon.com

New York -- Blaming superstorm Sandy for its disappointing November results, Macy’s reported a 0.7% dip in same-store sales and missed Wall Street’s expected 1.5% rise. The results were echoed by much of the category.

"Despite the largest-volume Thanksgiving weekend in our company's history, we were not able to overcome the weak start to the month, which included the disruption of Hurricane Sandy," said Terry J. Lundgren, chairman, president and CEO of Macy’s. Total sales for the month slipped 0.6% to $2.45 billion.

Seattle -- Nordstrom announced plans to open a store at Mayfair, in Wauwatosa, Wis., the largest mixed-use shopping center in the state. Scheduled to open in 2015, it will be the retailer’s first full-line store in the greater Milwaukee area. Mayfair is owned by General Growth Properties.

The company plans to open an approximately 140,000-sq.-ft., three-level store. Nordstrom will join Macy's, Boston Store, Crate & Barrel and the Apple Store at Mayfair.

Seattle -- Nordstrom Inc. said Tuesday that it has opened a second Cleveland Nordstrom Rack store – at the Promenade in Crocker Park, owned and managed by Stark Enterprises.

The 34,000-sq.-ft. store is slated to open fall 2013 in a former Border’s space at the lifestyle shopping center located in Westlake, Ohio, and tenanted by Bed Bath & Beyond, H&M, Trader Joe’s, Victoria’s Secret and The Cheesecake Factory.