Nordstrom

FAO Schwarz has opened a second New York location as a concession inside Nordstrom’s West 57th Street flagship, marking the first time in over a century the brand operates two NYC stores simultaneously. The move is part of a strategic partnership to sell FAO Schwarz products on Nordstrom.com and roll assortments into Nordstrom stores nationwide, with eight sites slated for an enhanced ‘Jewel Box’ store-within-a-store format. The collaboration aims to revive FAO Schwarz’s experiential retail model while helping Nordstrom attract families and differentiate its in-store experience. » More on forbes.com

Nordstrom's revenue rose last year to about $15.8 billion, returning to 2019 levels. The growth follows the May takeover by the Nordstrom family and El Puerto de Liverpool for about $6.25 billion (Liverpool 49.9%, family 50.1%). Pro-forma EBIT climbed 61% to $799 million; revenue for the three-month period to January 31 was $4.6 billion (+7%). » More on de.investing.com

Nordstrom launched a fully funded nine‑week Custom Alterations and Tailoring Techniques certificate at the Fashion Institute of Technology, covering tuition and supplies to remove financial barriers and build a direct hiring pipeline. The curriculum was co-created with Nordstrom alterations specialists to meet retail standards and address a widening shortage of skilled trades workers essential to store operations and customer experience. » More on forbes.com