Nordstrom to Offer Top British Brands - Analyst Blog
13 Luglio 2012 - 10:15AM
Zacks
United States’ leading fashion
retailer, Nordstrom Inc. (JWN) teamed up with
Arcadia Group to feature top British fashion brands, TOPSHOP and
TOPMAN at its stores while expanding the product assortments to
attract customers. These brands will feature as separate
departments at 14 out of 117 of Nordstrom’s full-line stores
country-wide as well as on its ecommerce website starting September
10 this year.
The brands’ collection at Nordstrom
stores will include the exclusive designs available at any TOPSHOP
and TOPMAN store as well as some limited-edition pieces, specially
designed for Nordstrom. Additionally, the Nordstrom website will
have an extended merchandise selection featuring the new
brands.
Launched in 1964, TOPSHOP is a well
known British brand for women, offering glamorous going out pieces,
footwear, accessories and an extensive range of denim and
jewellery. The brand has grown as a major British style authority
due to the development of young talent including Christopher Kane,
Meadham Kirchhoff, Hussein Chalayan, Richard Nicoll and Mary
Kantrantzou. Moreover, the brand’s Boutique collection, which
focuses on style over seasonal trends, has led to its growth.
Presently, TOPSHOP has about 319
stores in the UK and additional 137 international franchises
operating in 37 countries. In the United States, TOPSHOP and TOPMAN
already have flagship stores in New York, Chicago and Las Vegas.
Moreover, the company is scheduled to open a store in Los Angeles
in spring 2013. Other plans of the brands’ flagship stores in the
pipeline include opening a second store in New York and a new store
in Miami.
On the other hand, TOPMAN, which is
Arcadia Group’s brand for men, produces truly exciting high-street
men's fashion since 1978. The brand offers exclusive and affordable
menswear in about 230 stores operating across the UK. Additionally,
the brand’s website TOPMAN.COM ships to over 100 countries
worldwide.
Based in Seattle, Washington,
Nordstrom Inc. offers high quality apparel, shoes, cosmetics and
accessories for men, women and kids. The company offers both
branded and private label merchandise, as well as a private label
card, two Nordstrom VISA credit cards and debit cards for Nordstrom
purchases. As of June 30, 2012, Nordstrom operated 117 Nordstrom
full-line stores, 110 Nordstrom Rack, 2 Jeffrey boutiques, 1
treasure&bond store and 1 clearance store, thus bringing the
total store count to 231.
Nordstrom competes with other
upscale specialty retailers such as Saks Inc.
(SKS) and Macy’s Inc. (M). The company maintains a
Zacks #3 Rank, which translates into a short-term Hold rating. Our
long-term recommendation on the stock remains Neutral.
NORDSTROM INC (JWN): Free Stock Analysis Report
MACYS INC (M): Free Stock Analysis Report
SAKS INC (SKS): Free Stock Analysis Report
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