Nordstrom promotes Teri Bariquit to chief merchandising officer
Seattle-based retailer Nordstrom has announced the appointment of Teri Bariquit to the newly created role of chief merchandising officer.
In the role, Bariquit will serve as a member of the company's executive team, leading the full-price and off-price merchandising areas, the company said. She will report to co-president, Pete Nordstrom.
Bariquit has spent 33 years with the high-end retailer, most recently serving as executive vice president of merchandise planning and solutions, where she supported merchandise planning, inventory deployment, solutions and strategic capabilities across all channels, the company said. She began the role in 2012.
"[Bariquit] has been an integral part of the development of this team and she is well positioned to lead this organization into the future as we evolve our relationships with our brand partners and deliver the best products to our customers," said Nordstrom. "[She] has demonstrated unparalleled understanding of our customer needs and has an excellent grasp on the complexities of our industry.”
"I'm excited to work with the entire merchandising organization as we continue to execute on our customer strategy in this rapidly changing retail landscape," said Bariquit. "We must move with speed and leverage data-driven strategic insights to meet customers' needs, and I'm thrilled to take on this new challenge alongside a world-class team."
Nordstrom reported better-than-expected quarterly profit earlier this month, after the company announced that it had cut costs and cleared more inventory. The retailer, which has focused on elevating its digital platform and offering more on-trend product assortments in order to appeal to Millennial shoppers, saw digital sales rise 4% for the second quarter ended August 3. Despite weaker sales at its full-price department stores and Nordstrom Rack stores causing revenue to decrease 5% to $3.87 billion, the overall positive report sent company shares up 10% in extended trading.
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