SEATTLE, Oct. 3, 2013 /PRNewswire/ -- HauteLook, a
leading flash sale retailer owned by Seattle-based Nordstrom, Inc. (NYSE: JWN),
announced today Adam Bernhard is
stepping out of the CEO role and day-to-day operations of the
business, but will remain with HauteLook in an advisory capacity as
Founder. Since Nordstrom purchased HauteLook nearly three years
ago, Bernhard helped take the business from just over four million
members to more than 14 million, while achieving impressive sales
growth.
Terry Boyle will continue to lead
the business as President of HauteLook, reporting to Jamie Nordstrom, President of Nordstrom Direct.
With HauteLook fully operating as a division of Nordstrom, no CEO
will be appointed in Bernhard's place. Boyle has been a key
contributor to HauteLook's senior leadership since starting with
the company as COO/CFO in 2008, and he has been instrumental in
leading the business through significant growth.
"Since Adam started this business in 2007, he has worked
tirelessly to build a great team and bring a compelling shopping
experience to his customers," said Jamie
Nordstrom. "Even after selling the business to us, his
commitment to scaling the business and bringing it to profitability
never wavered. Adam and his team have more than held up their end
of the bargain, and we are thrilled to be in a position where he
can pass the reins to Terry and focus on some new opportunities for
us."
"HauteLook is performing well—the business is growing, it's
profitable, and Adam has built a strong team," Nordstrom continued.
"While we're sad to see Adam step out of this role, we look forward
to continuing to collaborate with him as we move forward and
develop additional capabilities to better serve customers."
"It has been an unbelievable journey to grow HauteLook from a
four-person startup into the thriving division of Nordstrom that it
is today," said Bernhard. "Although I'm eager for the new
opportunities to come, HauteLook will always be my pride and
joy."
HauteLook is a key part of Nordstrom's strategy to improve the
customer experience by serving customers on their terms however
they want to shop. The company is uniquely positioned to offer
customers multiple ways to shop with Nordstrom, whether in its
full-line stores, on Nordstrom.com, or through its differentiated
off-price offering via Nordstrom
Rack stores and HauteLook.
About HauteLook
Acquired by Nordstrom in March 2011,
HauteLook is a place where you'll discover thousands of the top
fashion and lifestyle brands at amazing savings. Each day at
8 AM Pacific, shop new sale events
featuring the best names in women's and men's fashion and
accessories, beauty, kids' apparel and toys, and home decor at up
to 75% off. Membership is free and everyone is welcome.
About Nordstrom
Nordstrom, Inc. is one of the leading fashion specialty retailers
based in the U.S. Founded in 1901 as a shoe store in Seattle, today Nordstrom operates 252 stores
in 34 states, including 117 full-line stores, 132 Nordstrom Racks,
two Jeffrey boutiques and one clearance store. Nordstrom also
serves customers through Nordstrom.com and through its catalogs.
Additionally, the company operates in the online private sale
marketplace through its subsidiary HauteLook. Nordstrom, Inc.'s
common stock is publicly traded on the NYSE under the symbol
JWN.
MEDIA CONTACT:
Colin Johnson
Nordstrom, Inc.
(206) 303-3036
Colin.Johnson@nordstrom.com
(Logo: http://photos.prnewswire.com/prnh/20001011/NORDLOGO)
SOURCE Nordstrom, Inc.; HauteLook