Political: The Company has top executives who are still a Nordstrom name which can become controversial. Competition with other luxury brands such as Niemen Marcus; Designers must keep their own ideas and not try to copy the competition. Overall political issue with pricing at a higher cost.
Economic: When the economy takes a downfall the shopping market can suffer and the sales of Nordstrom will decrease. It is in the best interest of Nordstrom to keep incentives for customers to come back to them even during hard economic times.
Social: The social aspect of Nordstrom is key to their success they use niche markets to focus on consumers who are willing to buy luxury items.
Technological: The technology aspect is also important for Nordstrom because they use a website where their products can be purchased. They also are always updating changing designs for their products. Technology will forever play a role in any company because of its importance.
Environmental: Due to the forever changing economy the external factors of the environment play a huge role in how customers will react to demands they are facing.
Legal: Nordstrom has to maintain a sense of legality in everything that they do. No matter if it deals with their customers or their stakeholders.
Economic: When the economy takes a downfall the shopping market can suffer and the sales of Nordstrom will decrease. It is in the best interest of Nordstrom to keep incentives for customers to come back to them even during hard economic times.
Social: The social aspect of Nordstrom is key to their success they use niche markets to focus on consumers who are willing to buy luxury items.
Technological: The technology aspect is also important for Nordstrom because they use a website where their products can be purchased. They also are always updating changing designs for their products. Technology will forever play a role in any company because of its importance.
Environmental: Due to the forever changing economy the external factors of the environment play a huge role in how customers will react to demands they are facing.
Legal: Nordstrom has to maintain a sense of legality in everything that they do. No matter if it deals with their customers or their stakeholders.