Nordstrom has named Teri Bariquit to the newly created role of Chief Merchandising Officer (CMO). She will lead both the Full-Price and Off-Price merchandising areas as a member of the retailer’s executive team, reporting to Co-President Pete Nordstrom.
Bariquit has spent a significant part of her career at Nordstrom, most recently as Executive VP, Merchandise Planning and Solutions, a position she has held since 2012. In this role she supported merchandise planning, inventory deployment, solutions and strategic capabilities across all channels.
“During her 33-year career with Nordstrom, Teri has demonstrated unparalleled understanding of our customer needs and has an excellent grasp on the complexities of our industry,” said Nordstrom in a statement. “Merchandising is in her DNA and I’ve consistently been inspired by her ability to reimagine the future.”
“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 customer needs.”
The announcement came a day after Nordstrom revealed Q2 net sales fell 5.1% year-over-year, with full-price net sales down 6.5% and Nordstrom Rack net sales down 1.9%. With inventory down 6.5% from last year, the department store is setting up a leaner merchandising operation with Bariquit’s entrance into the role.