Astronomy (and other Space Sciences)

Title: #3.11 #3.13 For your assignment, complete the following problems on pages 145-146: #3.11 #3.13 Income tax expense Net income 3.13. Income statements for Yarrick Cmpany for the years ending December 31, 2016, and 2014 am shown below. Prepare a common-size income statement and analyze the profitability, the company. ""aca;I:72,gcenf, tr21(11VVP01"rs tin millions) 2016 2015 2014 Net sales Cost of gocxls sold Cross profit Sales, general, and administrative expenses Research and development Operating profit Income tax expense (benefit) Net profit $23, 7 5155 $134 $ $ $ 22 43 52 33 31 5 43 9 $ 197 $ 2 1 7 ($ (11) ti_LI)1 46 CHAPTER 3 income Statement and Statement of Stockholders' Equity " CompanyMnY Income 1 " e It s for " „de,en, 2S,20 2016 2015 2014 Net sales $220,000 $196,000 $150,000 Cost of goods sold 169,000 147,000 108,000 Gross profit $ 51,000 $ 49,000 $ 42,000 Operating expenses 26,000 25,000 20,000 Operating profit $ 25,000 $ 24,000 $ 22,000 Income taxes 7,800 7,500 7,000 Net income $ 17,200 $ 16,500 S 15,000 January t ana paid $500000 for the investment. Beta Company r earnings for the year and paid 840,000 in cash dividends.°C lanlYte7nn investment income and the balance sheet investment account for Alpa C pa cu a‘thet cost' utc bud and under the equity method. um auY under met 3.8. Discuss the four items that are included in a company's comprehensive income. 3.9. Explain what can be found on a statement of stockholders' equity. 3.10. Why is the bottom line figure, net income, not necessarily a good indicator of a firm's financial success? 'dt7e'cl'nee=r:iTd'dtiescMZ:liCe=atannsn:faltZPpViict:lbcili'tayteort'ILT:iiitpr:Zu's 32. Marketing Title: Case Study Please go through each question and make sure every single part of each question are completed. Also, use the videos given ******You will answer the Questions in the corresponding document archived in this folder. Note the action verbs in red and construct your response accordingly. Failure to do that will result in the loss of ALL the points of the question. • BE THOUGHTFUL. • YOUR POINTS SHOULD RELATE TO THE TOPICS IN THIS COURSE. Make sure that when you interpret the information in the Case Study for your answers, you relate it to the concepts learned in this course. When in doubt about a concept, consult the textbook and/or the Class Notes archived in Blackboard’s Coursework tab. • SUPPORT YOUR POINTS WITH SPECIFIC FACTS. • USE MARKETING VERVIAGE. Make sure you use the key terms learned in this course. • BE THOROUGH. • LIST YOUR REFERENCES Make sure you include a Source List in proper APA style. • • Check out the grading rubric to find out how you will be evaluated. • After you have revised your answers, send them to me at my LIM address as a Word Document, with your name in the subject line. NORDSTROM: BUILDING A BRAND ITS OWN WAY INTRODUCTION Nordstrom, Inc., headquartered in Seattle, Washington, is an upscale fashion retailer, founded by John W. Nordstrom and Carl F. Wallin. The company began as a shoe store and has since expanded its inventory to include clothing, accessories, handbags, jewelry, cosmetics and fragrances, as well as a bank and a variety of amenities. Today, there are 323 Nordstrom (121) and Nordstrom Rack (194) stores operating in 39 states, plus one Last Chance clearance Center. Nordstrom has a strong online presence with nordstrom.com. and nordstromrack.com. Nordstrom also has 5 Trunk Club clubhouses, and 2 Jeffrey boutiques, as well as partnerships with Haute.Look.com, Bonobos, Topshop/Topman, Madewell, Wantful, Bauble Bar, Warby Parker and Peek among others. Nordstrom competes with high-end retailers Bloomingdales, Lord & Taylor, Neiman Marcus and Saks Fifth Avenue. Nordstrom has been celebrated throughout the American retail industry for building its brand its own way. HISTORY 1887 At the age of 16, John W. Nordstrom immigrates to the United States from Sweden, in search of opportunity. After landing in New York, he works in a series of menial jobs as he moves West across the country, saving enough money to purchase a 20-acre potato farm by the time he gets to Washington state. 1897 John W. Nordstrom, as countless others, joins the Klondike Gold Rush in Canada's Yukon Territory. After two years of prospecting, he strikes gold, but sells his claim for $13,000 and returns to Seattle with his newfound wealth, where he establishes a family and looks for a business venture. 1901 John W. Nordstrom opens a shoe store, Wallin & Nordstrom, with Carl F. Wallin, who owns the adjacent shoe repair shop. 1928 John W. Nordstrom retires and sells his shares to two of his sons, Everett and Elmer. Later, another son, Lloyd, joins the firm. 1929 Wallin also retires and sells his shares to the three Nordstrom brothers and the store becomes a family owned- and- directed business for the next forty years. 1930 With Wallin out, the name of the store is changed to Nordstrom at the grand opening of the remodeled Second Avenue store. 1958 Nordstrom has expanded to eight stores in two states (Washington and Oregon), but still only sells shoes. The success that finances its expansion is based on deep product assortments and full size ranges, as well as impeccable customer service. 1963 The Nordstroms purchase Best Apparel of Seattle and clothing is introduced to their company’s offering. 1968 The second generation Nordstrom debate selling the company as Everett nears retirement. Instead, they are convinced by the third generation to take the company public and allow the cousins to take over the business. 1971 Nordstrom is taken public on NASDAQ with the name Nordstrom, Inc. 1973 The first Nordstrom Rack opens in Seattle. 1999 Nordstrom moves to the New York Stock Exchange under the ticker symbol JWN after John W. Nordstrom, its founder. EXPANSION 1975 Nordstrom, a strong northwest regional retailer with sales approaching $250 million, (making it the third-largest specialty retailer in the U.S. at the time, expands to Alaska. 1978 Nordstrom opens its first California store at Costa Mesa. 1976 Nordstrom creates a chain of stores called Place Two to sell a more limited selection of apparel in smaller markets. 1979 Restaurants are added to the Nordstrom full line stores as they expand in number and size. 1983 The ten-store Place Two chain is discontinued because the cost of maintaining the smaller stores, especially from a systems perspective, outweigh the benefits. 1988 Nordstrom opens its first store in the Northeast at Tyson’s Corner, Va., and an upscale suburb of Washington, DC. 1989 Nordstrom’s opens its largest (and most expensive) San Francisco flagship store which includes four restaurants as well as an English pub. Subsequent expansion relies on creating a strong decentralized regional structure, beginning with the Northeast and rapidly moving to the Midwest (1991), Southwest (1996), to which the California stores are added, and Southeast (1998). In each new region, the initial store is used as a base for training and recruitment for subsequent expansion, and is usually backed by its own distribution center. 1991 Nordstrom FSB, a federally chartered bank doing business as Nordstrom Bank, is formed in Scottsdale, Arizona, as a wholly owned subsidiary of Nordstrom, Inc. 1993 Nordstrom expands into direct sales in, beginning with a catalog division. http://shop.nordstrom.com/c/catalogs?origin=footer 1995 Nordstrom has expanded to 46 stores and the fourth generation of cousins serve as co-presidents. 1997 John Whitacre served as the first non-Nordstrom CEO. 1998 • Nordstrom replaces its downtown Seattle store with a new flagship location in the building of its longtime competitor, Frederick & Nelson, across the street. At 383,000 square feet, the downtown Seattle location is now the chain's largest store. • Nordstrom ventures into the e-commerce business, Nordstromshoes.com. As in its brick and mortar stores, it sells only shoes at first, but it soon develops into http://www.Nodstrom.com http://econsultancy.com/us/blog/10736-nordstrom-vp-warns-retailers-put-customers-in-driver-s-seat-or-be-dead-by-2020 2000 Nordstrom acquires Façonnable, a French retailer with a New York and West Coast presence. 2001 the Nordstrom family reasserts its control, assuming senior roles in the company, which they continue to hold. 2005 Nordstrom buys luxury boutique Jeffrey. http://www.nytimes.com/2005/08/23/business/23jeffrey.html 2007 • Nordstrom sells its stand-alone boutique chain Façonnable, though it still offers that label in its assortments. • Nordstrom begins to upload style advice to YouTube. https://www.youtube.com/user/Nordstromcom 2010 Nordstrom partners with Peek...Aren’t you Curious to offer designer merchandise for children. http://www.prnewswire.com/news-releases/nordstrom-and-peekarent-you-curious-team-up-112308259.html 2011 • Nordstrom acquires HauteLook.com, the LA-based online retailer that offers flash sales on designer goods. http://query.nytimes.com/gst/fullpage.html?res=9907E0DF1F3DF93BA25751C0A9679D8B63&ref=nordstrominc • Nordstrom announces that they will close the downtown Indianapolis location due to declining business. Erik Nordstrom, president of the store, stated, "We've enjoyed serving our customers in downtown Indianapolis, but unfortunately our business has declined over the long term for some time and despite our efforts to turn things around we don't see the outlook significantly changing." The remaining location on the north side of the city, as well as a future Nordstrom Rack store, also on the north side, will remain as the only two locations in the state. • Nordstrom opens Treasure & Bond in SoHo, New York. Intended to test the waters of the crowded and volatile high-end department store scene in New York, all profits of Treasure & Bond are to be donated to children’s charities. The customer base of the smaller store is thought to be the younger, hipper sister of the typical Nordstrom customer. (Closed in 2013) http://www.nytimes.com/2011/08/16/business/nordstrom-opens-treasurebond-in-new-york-city.html?pagewanted=all http://www.psfk.com/2011/08/nordstrom-opening-nyc-store-under-the-alias-treasure-bond.html http://nymag.com/listings/stores/treasure-bond02/ 2012 • Nordstrom goes into a strategic minority investment of $16.4 million with Bonobos.com an e-commerce menswear firm, extending the firm offline, with their stores “Guideshops” and including its label in Nordstrom full line stores and website. http://www.nytimes.com/2009/11/27/technology/start-ups/27pants.html?_r=2& http://runway.blogs.nytimes.com/2012/12/19/e-commerce-with-bricks-and-mortar-too/?_r=0 • With an exclusive deal, Nordstrom adds Topshop and Topman to its assortments. http://www.nytimes.com/2012/07/13/business/topshop-is-coming-to-nordstrom.html http://www.latimes.com/business/money/la-fi-mo-nordstrom-topshop-20130822,0,4018552.story#axzz2kdiYxhu8 http://www.bloomberg.com/news/2013-08-27/topshop-expands-u-s-presence-by-extending-nordstrom-partnership.html 2013 • Nordstrom makes a big pitch for young consumers, consolidating a strategy initiated in 2011. http://www.nytimes.com/2013/04/22/business/media/creating-youphoria-the-nordstrom-way.html?ref=nordstrominc • Nordstrom hires Olivia Kim (formerly of Opening Ceremony) as director of creative projects. Among her ideas: the Pop-in@Nordstrom special shops http://www.nytimes.com/2013/10/17/fashion/shopping-for-fall-pieces-relax-youll-look-great.html?adxnnl=1&ref=nordstrominc&adxnnlx=1384446749-03S+EJvC1Ib6Xh+sM9PWNg http://www.vogue.com/865152/olivia-kim-former-opening-ceremony-buyer-moves-to-nordstrom-launches-pop-in/ http://shop.nordstrom.com/c/olivia-kim https://www.youtube.com/watch?v=VfPHVfcqrFs&list=PL67CXonJbAA3DR9IkWha2PgshCLt79Mmk • Nordstrom partners with Etsy. http://www.forbes.com/forbes/welcome/ • Nordstrom partners with Wantful. http://press.nordstrom.com/phoenix.zhtml?c=211996&p=irol-newsarticle&ID=1832477 2014 • Nordstrom expands to Canada in 4 locations in some of the most successful shopping malls in Vancouver, Calgary and Ottawa, all in Sears stores that closed on October 31, 2012, the result of a 170 million dollar Nordstrom buyout to vacate the sites. The fourth store is to be a new building in downtown Toronto. http://online.wsj.com/article/SB10000872396390444709004577649683840390336.html • Nordstrom acquires trunkclub.com an online men’s personal shopping service and takes it offline with five brick and mortar clubhouses. http://www.chicagotribune.com/business/chi-nordstrom-trunk-club-20140814-story.html • Nordstrom partners with Bauble Bar. http://fortune.com/2014/03/31/nordstrom-baublebar-partnership-targets-younger-shoppers/ • Nordstrom launches its private label Treasure & Bond, a percentage of sales are to be donated to youth empowerment groups. http://www.seattletimes.com/business/nordstrom-launches-charitable-private-label-brand/ • Led by a fourth generation of family members, Nordstrom reaches 13.1 billion in sales 2015 • Nordstrom partners with Madewell. http://www.seattlemag.com/article/nordstrom-partners-madewell-flagship-redesign-works • Nordstrom partners with Piece & Co. http://shop.nordstrom.com/c/nordstrom-partners-with-piece-and-co • Nordstrom launches SPACE, an in-store boutique for advanced designers. http://press.nordstrom.com/phoenix.zhtml?c=211996&p=irol-newsArticle&ID=2080967 • Nordstrom partners with Warby Parker. http://www.visionmonday.com/latest-news/article/warby-parker-partners-with-nordstrom-at-six-popup-locations-and-online-1/ • Nordstrom expands Treasure and Bond commitment. http://press.nordstrom.com/phoenix.zhtml?c=211996&p=irol-newsArticle&ID=2089198 • Nordstrom expands Trunk Club to women. http://techcrunch.com/2015/07/21/nordstrom-owned-styling-service-trunk-club-expands-to-womens-apparel/#.foaeam8:6IVt