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Nordstrom became what it is today from just $5. John W. Nordstrom moved to America from Sweden when he was just 16 and only had $5 to his name. In 1897, he saw a newspaper headline about gold mines in Alaska. John moved to Alaska and through hard work turned his $5 into $13,000. In 1901, John and his friend Carl Wallin opened a shoe store called Wallin & Nordstrom, which later turned into Nordstrom, Inc.
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In 1930, during the Great Depression, many stores closed their doors but not Nordstrom. The store managed to make $250,000 in sales despite everything going on. That's quite impressive!
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Nordstrom's best sale of the year is their Anniversary Sale and it only happens once a year! The next Anniversary sale should be taking place in July 2016, so mark your calendars. Nordstrom customers wait the entire year for this sale because of its outstanding savings.
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The other amazing sale at Nordstrom is the Half-Yearly Sale. This sale only happens twice a year, in the spring and fall. The Half-Yearly Sale and the Anniversary Sale are Nordstrom's best sales by far, but there are four other seasonal sales that take place as well.
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In 1988, with just 21,000 employees and 58 stores, Nordstrom sold $2.3 billion worth of goods to customers! They earned a profit of $123 million. #YAAS
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