I have 2 offers, is Nordstrom a stable company?
Can anyone comment on how will Nordstrom do over the next few months/year? Is the company stable financially? I know high-end retail has taken a hit which is why I am asking I have 2 offers, the Nordstrom offer currently is 32k higher than the other offer. The other offer is from a insurance/benefits company called Unum, they sound like a stable company. Just doing my due diligence.
Very good advice, I was thinking along the same lines. The other job is lower in salary has to do with Technology procurement. I will get experience that I could ultimately use to get into a tech company’s procurement department. I was already getting interviews at these tech companies, just no offers. The Nordstrom job is to do with the procurement of a commodity, this experience will not be useful at tech companies, but only other manufacturing / distribution / retail companies
Procurement just launched a new S2P solution and has significant workload and interesting challenges. Nordstrom is fiscally sound. DM if you want to ask any questions.
Joined Nordstrom a year back and I too had concerns initially but seems to be a nice company and I do get interesting challenges to work on!
What do the 2020 bonuses look like?
For 2020 - it did better than what business expected. So, Nord is still on right path..
They allowed me to work remotely but not from India. So I took another offer but I feel like I can convince them to work from India for a few months
No, not possible. Nordstrom has no business entity in India and as an employee, it'll be difficult to deal with International Taxation for Nordstrom. Prior to COVID, many used to work from India on short term with Manger's approval; it has been stopped now.
Yep thats what they told me, no business entity in India
Nordstrom can be a stable place, depending on the org your hired Into. Ive been here 5 years, in a very stable, impactful org/role. Im not going anywhere. 😉
Retail is one of the most volatile sectors. I am not an expert on Nordstrom, but I’ve had a lot of friends who have worked there. Their Nordstrom rack business is doing extremely well, while their mall anchor business is extremely mixed. I am not aware of how well their direct to consumer is doing. Generally shopping centers are divided into a, B, C, etc. Specifically for malls the a properties are doing extremely well while every other band is mixed. It is possible that 80% of C properties will close or be converted into some other model. I would be nervous about the overall sector. There’s a wide range of possibilities here. There is consolidation in the landlord space, i.e. the people who own shopping centers. Many retail brands are going under, with some of them being purchased by the landlords. Given that the offers are fairly similar, I would focus more on the specific role you will be taking on, the type of projects you will be doing, and your overall interest in the sector. I would think about this more in terms of what opportunity does this open up following this specific job. Let’s assume you stay in roles for two years or so, what doors would each of these jobs open up following?