Nordstrom

Nordstrom, Inc. engages in the manufacture and trade of clothes, shoes, and accessories. It operates through the following segments: Retail and Corporate/Other. The Retail segment consists of a selection of high-quality, brand-name, and private label merchandise, which includes apparel, shoes, cosmetics, and accessories for women, men, young adults, and children. The Corporate/Other segment includes unallocated corporate expenses and assets, inter-segment eliminations, and other adjustments to segment results. The company was founded by John W. Nordstrom in 1901 and is headquartered in Seattle, WA.

Earnings data Q1 2021

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Nordstrom reports Q1 loss, plans Rack expansion amid macro challenges

Nordstrom is focused on improving profitability amidst macroeconomic challenges. The company made progress in supply chain optimization and inventory management. Despite the impact of Canadian operations wind-down, Nordstrom remains confident in the future importance of designer products and expects continued improvement in this area.

Nordstrom reports solid Q2 results, focuses on digital sales and inventory management

Nordstrom's Q2 performance was solid, with a focus on digital sales and inventory management. Challenges include shrinkage and soft traffic trends. Opportunities lie in online growth, appealing to younger customers, and leveraging AI for retail success.

Nordstrom reports Q3 revenue of $3.3B, focuses on improving profitability

Nordstrom's Q3 performance reflects a focus on improving inventory productivity and driving profitability in the digital off-price business. Despite challenges in net sales and the wind down of Canadian operations, the company is optimistic about driving profitable growth and maintaining good inventory levels to meet customer demand.

Nordstrom reports Q4 growth, eyes digital expansion amid revenue challenges

Nordstrom's Q4 performance reflects revenue growth and successful inventory management, but challenges lie in customer pullback and revenue decline projections for 2023.
Strengths include strong ROI from Rack stores, digital growth potential, and focus on inventory optimization, while challenges include customer trends and credit revenue declines.
Opportunities in investments, store expansion, and operational enhancements position Nordstrom for future growth and profitability.
Overall, Nordstrom aims to navigate challenges, capitalize on strengths, and leverage opportunities to drive sustainable growth and enhance shareholder value.

Nordstrom reports mixed Q1 results, focuses on profitability and growth

Nordstrom's Q1 performance showed mixed results with improvements in Rack sales and inventory productivity but challenges in the designer category.
The company is strategically focused on profitability, supply chain optimization, and leadership additions to drive growth.
While facing macroeconomic pressures and customer demand challenges, Nordstrom sees opportunities in network enhancements and brand penetration.
Overall, Nordstrom remains committed to navigating challenges, improving performance, and capitalizing on growth opportunities in 2023.

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Shares of department store retailer Nordstrom, Inc. (NYSE:JWN) were last seen 2.8% lower to trade at $16.22, ceding their year-to-date breakeven level amid news that sector peer Macy's (M) received a multi-billion dollar buyout bid.

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SEATTLE , Dec. 12, 2023 /PRNewswire/ -- Seattle-based fashion retailer  Nordstrom, Inc . (NYSE: JWN) announced plans to open a new  Nordstrom Rack  in Franklin, Tennessee in fall 2024.

Nordstrom Rack to Open New Location in Franklin, Tennessee

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Nordstrom's management recently announced some important management changes and also reported earnings

Nordstrom Management Changes & 3rd Quarter 2023 Results

Analysts at UBS have reiterated their ‘Sell' rating on Nordstrom, Inc. (NYSE:JWN) despite the retailer reporting better-than-expected third quarter financial results. “We believe weak sales will cause earnings misses which pressure the stock,” the analysts wrote in a note to clients.

Nordstrom's weak sales expected to cause earnings misses and pressure stock

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Nordstrom, once known for its opulent runway and exceptional service, is increasingly delving deeper into substantial discounts to navigate financial challenges. But is it working?

Nordstrom's Off-Price Destination Falls Short on Value

Nordstorm (JWN) shares tumbled Wednesday, a day after the upscale retailer became the latest company in the sector to warn about a pullback in consumer spending.

Nordstrom Joins Other Retailers in Warning about a Pullback in Consumer Spending

Nordstrom's (JWM) Q3 results reflect gains from favorable inventory and supply-chain efficiency, partly negated by continued uncertainty and muted consumer spend.

Nordstrom (JWN) Q3 Earnings Beat Estimates, Revenue Miss

The headline numbers for Nordstrom (JWN) give insight into how the company performed in the quarter ended October 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Nordstrom (JWN) Reports Q3 Earnings: What Key Metrics Have to Say

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NVIDIA Brings the Goods on Q3 Earnings; URBN Beats, JWN Mixed

Nordstrom, Inc. (NYSE:JWN ) Q3 2023 Earnings Conference Call November 11, 2023 4:45 PM ET Company Participants James Duies - Head of Investor Relations Erik Nordstrom - Chief Executive Officer Pete Nordstrom - President and Chief Brand Officer Cathy Smith - Chief Financial Officer Conference Call Participants Dana Telsey - Telsey Advisory Group Blake Anderson - Jefferies Michael Binetti - Evercore Oliver Chen - TD Cowen Matthew Boss - JPMorgan Brooke Roach - Goldman Sachs Operator Greetings and welcome to the Nordstrom Third Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode.

Nordstrom, Inc. (JWN) Q3 2023 Earnings Call Transcript

Nordstrom, Inc. (NYSE:JWN) shares fell in afterhours trade on Tuesday after the retailer reported mixed third quarter financial results. Shares of the company fell 2.6% to US$14.52 shortly after the release of its report.

Nordstrom 3Q earnings top estimates as revenue falls short

The company continues to expect revenue will fall between 4% and 6% for the full fiscal year.

Nordstrom Beat Earnings and Reaffirms Guidance. Sales Fall Short.

Nordstrom Inc. on Tuesday reported mixed third-quarter results, and the upscale department-store chain narrowed its full-year profit outlook and stuck with its sales forecast, citing “softening consumer spend.”

Nordstrom holds to sales outlook amid ‘softening' consumer spending

Nordstrom stressed progress it's made by clearing through inventory and reducing markdowns.

Nordstrom sales come up short, echoing broader retail industry pressures

Third quarter total revenue of $3.3 billion Reports EPS of $0.41, adjusted EPS of $0.25 1 Reaffirms fiscal 2023 revenue outlook, narrows EPS range SEATTLE , Nov. 21, 2023 /PRNewswire/ -- Nordstrom, Inc. (NYSE: JWN) today reported third quarter net earnings of $67 million, or earnings per diluted share ("EPS") of $0.41, and earnings before interest and taxes ("EBIT") of $102 million. Excluding a favorable true-up related to the wind-down of Canadian operations, the Company reported adjusted EPS of $0.25.1 For the third quarter ended October 28, 2023, net sales decreased 6.8 percent versus the same period in fiscal 2022.

Nordstrom Reports Third Quarter 2023 Earnings

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Get a deeper insight into the potential performance of Nordstrom (JWN) for the quarter ended October 2023 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.

Countdown to Nordstrom (JWN) Q3 Earnings: A Look at Estimates Beyond Revenue and EPS

Nordstrom's (JWN) Q3 results are likely to reflect impacts from muted customer demand due to reduced consumer spending of lower income groups because of the ongoing macroeconomic environment.

Can Nordstrom (JWN) Q3 Earnings Beat Despite Soft Demand?

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Nordstrom (JWN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

News for Nordstrom Stock (JWN)