Nordstrom Inc at Morgan Stanley Global Consumer and Retail Conference Transcript

Feb 10, 2024

Dec 06, 2022 / 03:15PM GMT
Alexandra Ann Straton - Morgan Stanley, Research Division - Research Associate

Great. Okay. Good morning, everybody. For those of you who don't know me, I'm Alex Straton, I'm the co-lead for branded apparel, footwear and softlines retail here at Morgan Stanley alongside Kimberly Greenberger. We're super pleased that you all joined us today for the first day of the conference. And we're equally delighted to have the Nordstrom management team, or some members of it at least, here today.

So starting with a quick overview of the company, Nordstrom is a leading fashion retailer with over 350 locations in the U.S. and Canada, including approximately 100 full-line Nordstrom stores, 7 Nordstrom Locals and 240 Nordstrom Rack locations. The company also serves customers through its dot-com businesses, so that's nordstrom.com nordstrom.ca, nordstromrack.com, and Trunk Club.

I'll first introduce Erik, Nordstrom's CEO. So Erik held a number of positions throughout the company during his time there, including EVP and President of nordstrom.com, and EVP and President of Stores before becoming Co

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