Nordstrom Inc to acquire footwear boutique Jeffrey Inc
22 Aug '05
3 min read
Apparel, shoes, jewelry, accessories & cosmetics seller Nordstrom Inc announced that it has purchased a majority interest in Jeffrey. Jeffrey Kalinsky is the founder and purveyor of two successful luxury specialty stores, Jeffrey New York and Jeffrey Atlanta. As part of the agreement, Kalinsky will become Director of Designer Merchandising at Nordstrom and will continue to operate his Jeffrey stores as President and CEO. No further details about the agreement were disclosed.
In his role at Nordstrom, Kalinsky will work along side Nordstrom Corporate Merchandise Managers to further enhance the company's merchandise categories in the designer area. "Jeffrey is one of the most talented people in retail," said Nordstrom Full-Line Store President Pete Nordstrom. "They want to take advantage of his expertise and creativity in the designer business to further our current designer strategies and complement the incredible job our merchant team has been doing. Jeffrey has a lot to contribute to Nordstrom, and they are also thrilled to have equity in what is widely regarded as a very dynamic and successful fashion specialty retail business."
The first fashion business to open in Manhattan's Meatpacking District in August 1999, Jeffrey New York was, and still is, the place to find cutting edge fashion with a mix of designer apparel, shoes and accessories in a 12,000 square foot space. Jeffrey stores are also known for their knowledgeable salespeople and commitment to offering superior customer service.