Nordstrom CFO Anne Bramman to Leave the Company

finance chief is stepping down as the retailer confronts industrywide pressures including soft consumer spending and high inventory levels.

Nordstrom didn’t immediately respond to a request to make Ms. Bramman and Mr. Maher available for an interview. The company has begun an internal and external search to permanently fill the finance executive position, it said. Nordstrom is looking for ways to reduce its inventory levels, Mr. Nordstrom said during an earnings call in late August. Merchandise inventory levels increased 9.9% from a year ago, to around $2.4 billion, although they were lower than the previous quarter. “Managing our inventory levels conservatively will allow us to be more agile in responding to a rapidly changing business environment,” said Pete Nordstrom, the company’s chief brand officer.

Well maybe don’t sell a shirt for $200

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