Description
My Chosen Company is Nordstrom Inc.
8-10 Page Paper MLA Format
Prompt:
Imagine you are a manager working at a publicly traded company (You will select a company from the list below)You have been tasked with preparing an investment proposal for a large bank loan to finance a major expansion into another country. Your funding request will include both narrative text and financial models designed to clearly explain and justify the investment proposal, how it will be financed, and its likely impact on the company. As support, you will show the proposal’s most likely financial implications and the consolidated financial projection with and without the project.
Unformatted Attachment Preview
Purchase answer to see full attachment
Explanation & Answer
Thank you for working with me
Running head: NORDSTROM EXTERNAL FUNDING PROPOSAL
Nordstrom External Funding Proposal
Name
Institutional Affiliation
Date
1
NORDSTROM EXTERNAL FUNDING PROPOSAL
2
Introduction
According to Bosharaand Emmons, (2015), the term financial success means different things
to different organizations, with some of them believing that it is free from debt and having
financial freedom while to others, it has a global market reach. In attaining commercial success,
businesses face a lot of risks which is where managers come in. In organizations, managers play
the role of overseeing departments and projects concerning investments using leadership skills
(Webb, 2017). This article aims at laying out an investment opportunity proposal for Nordstrom
Inc. The report states the justification for the plan, the financial impact that the project will have
on the company, the financing methods, and track records for the project.
About Nordstrom Inc.
According to Brown (2019), Nordstrom is a company that started in the year 1901, and that
has existed for over a hundred years. Nordstrom started as a shoe company in Pike in Seattle
where it grew and led to its opening of other stores. In the 1960s, the company sought further
expansion which led it to venture in women’s clothing and had the purchase of Seattle’s best
apparel in 1963. The company, therefore, continued engaging in selling shoes and garments. The
company was first referred to as Wallin& Nordstrom but was renamed to Nordstrom in 1971.
Nordstrom is a company that has been passed down from father to son since Nordstrom but
initially started with another family, the family of Wallin, who did not pass down shares to his
sons. In 1973, as Brown (2019) explains, the company was recognized as the most significant
volume fashion specialty store in the West Coast. In the past decade, Nordstrom has managed to
implement industry-leading order fulfillment and inventory management capabilities to provide a
great shopping experience in stores and online (Brown, 2019).
NORDSTROM EXTERNAL FUNDING PROPOSAL
3
Being one of the most successful companies in North American over the past decade, Nordstrom
has been able to bring forth some of the best products and with exceptional services. The
company has also managed to bring some of the most exceptional merchandise where customers
can maximize their delivery capabilities(Spector, 2017). Nordstrom, according to Brown (2019),
expanded into a national company with the launch of the Nordstrom Rack off-price sales
division. The company has developed its target market through the provision of customer choice
based on prices and availability. From the company’s anticipation of global economic conditions,
Nordstrom seeks expansion opportunities for it to become a global business(Spector, 2017).
Expanding to Peru will give Nordstrom the boost that they long for.
Description of investment
This proposed investment is intended for the global expansion of Nordstrom rack stores in the
Latin American Market. This project is set to start with the initial store location in Lima, Peru,
which targets new customers that shop at the Jockey Plaza Shopping Center or in that
vicinity.According toCrisóstomoBalvin, Ortiz Rueda, andQuispeTrevejo,(2018), the Jockey
Plaza Shopping Center was opened in the year 1997 and had over two hundred boutiques and
shops near Lima University in Santiago de Surco district. In 2016, the Plaza came up with new
retail space that accommodates the entry of multinational brands like Forever 21 into the market.
Jockey Plaza Shopping Center is strategically located between a home center, a supermarket, and
tw...