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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Nordstrom's (JWN) expansion into San Antonio illustrates its commitment to bringing high-quality retail experiences and exceptional customer service closer to local communities.

Nordstrom (JWN) to Expand Reach With New Rack in San Antonio

SEATTLE , Oct. 3, 2023 /PRNewswire/ -- Seattle-based fashion retailer  Nordstrom, Inc . (NYSE: JWN) announced plans to open a new  Nordstrom Rack  in San Antonio, Texas.

Nordstrom Rack to Open New Location in San Antonio, Texas

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Nordstrom's (JWN) expansion into Bay Shore reflects its dedication to providing quality retail experiences and exceptional customer experiences closer to communities across the United States.

Nordstrom (JWN) to Expand Reach With New Rack in NY's Bay Shore

SEATTLE , Sept. 26, 2023 /PRNewswire/ -- Seattle-based fashion retailer Nordstrom, Inc.

Nordstrom Rack to Open New Location in Bay Shore, New York

SEATTLE , Sept. 21, 2023 /PRNewswire/ -- Nordstrom, Inc. (NYSE: JWN) today announced the appointment of Guy B.

Nordstrom Appoints Guy B. Persaud to Board of Directors

I recommend a buy rating for JWN based on the expectation of improving sales trends and positive margin trends. Despite challenges during the COVID-19 pandemic, JWN has rebounded to pre-pandemic revenue levels of approximately $15 billion. The company's margin improvements and management's focus on cost management support my confidence in JWN's ability to grow, contrary to the consensus view.

Nordstrom: Sales Trends Expected To Improve Through FY24

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Nordstrom's (JWN) reveals plans to expand into Mason, OH, to bring high-quality fashion and exceptional customer experiences closer to communities across the United States.

Nordstrom (JWN) to Expand Reach With New Rack in Ohio's Mason

SEATTLE , Sept. 19, 2023 /PRNewswire/ -- Seattle-based fashion retailer Nordstrom, Inc.

Nordstrom Rack to Open New Location in Mason, OH

Nordstrom (JWN) suffers from soft demand trends due to reduced discretionary spending. Its long-term strategies and inventory productivity efforts place it well.

Do Nordstrom's (JWN) Initiatives Place It for Durable Growth?

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Here's Why Nordstrom (JWN) is a Strong Growth Stock

Nordstrom has made three executive leadership appointments within its merchandising and store organizations. Among these appointments is a newly created role: president of Nordstrom Rack stores, the fashion retailer said in a Wednesday (Sept.

Nordstrom Appoints 3 Executives in Merchandising and Store Organizations

Jamie Nordstrom appointed Chief Merchandising Officer  Fanya Chandler appointed President, Nordstrom Stores   Gemma Lionello appointed President, Nordstrom Rack   SEATTLE , Sept. 13, 2023 /PRNewswire/ -- Nordstrom, Inc. (NYSE: JWN) today announced executive leadership appointments in the company's merchandising and store organizations, effective immediately.

NORDSTROM ANNOUNCES EXECUTIVE LEADERSHIP APPOINTMENTS

Nordstrom's (JWN) expansion into San Diego is a testament to its dedication to providing top-notch fashion and services to customers across California.

Nordstrom (JWN) to Expand Reach With New Rack in San Diego

SEATTLE , Sept. 12, 2023 /PRNewswire/ -- Seattle-based fashion retailer Nordstrom, Inc.

Nordstrom Rack to Open New Location in San Diego, CA

Nordstrom has consistently achieved strong profitability in the last two quarters, despite concerns about an impending recession. The company has undergone significant structural changes in its business model, focusing on profitable growth and premium brand offerings. Nordstrom's recent earnings reports show progress in its business recovery, with improved EPS and a strategic transformation of its Rack business.

Nordstrom's Turnaround Is Around The Corner

SEATTLE , Aug. 30, 2023 /PRNewswire/ -- Nordstrom, Inc. (NYSE: JWN) announced today that Erik Nordstrom, chief executive officer, and Cathy Smith, chief financial officer, will participate in a fireside chat at the Goldman Sachs Global Retailing Conference on Wednesday, September 13, 2023 at 9:35 a.m. EDT.  The session will be webcast live through the Events & Presentations section at investor.nordstrom.com.

Nordstrom to Participate in the Goldman Sachs Global Retailing Conference

Nordstrom in downtown San Francisco has finally shut its doors for good after being a staple in the Westfield mall for over 35 years due to changing "dynamics" of the city.

San Francisco Nordstrom closes after more than 30 years in business amid retail exodus

Nordstrom Inc. has closed its former marquee store in the heart of San Francisco due to low foot traffic after disclosing plans to do so earlier this year.

Nordstrom leaves downtown San Francisco flagship as lease expires following sagging foot traffic

Nordstrom closed the doors of its five-story department store in San Francisco on Sunday, ending a 35-year run as the city suffers a retail exodus.

Nordstrom closes its San Francisco store after 35 years

Investors obviously weren't impressed by the retailer's double beat on second-quarter results. They were surely more concerned with the almost 8% drop in revenue.

Why Nordstrom Stock Was Plunging on Friday

Nordstrom recently provided an update on the impacts it has seen from retail theft, with the CEO saying losses were "at historical highs" but "in line" with what they expected for the year.

Nordstrom reports 'historical highs' for theft-incurred losses

Nordstrom's (JWM) Q2 results reflect gains from the progress on its key priorities, improved trends at Nordstrom Rack and supply-chain optimization, partly negated by the closure of Canada operations.

Nordstrom (JWN) Tops Q2 Earnings & Revenue Estimates

Nordstrom shares (JWN) fell over 10% in early trading on Friday after the retailer reported a drop in sales amid a broader decline in discretionary spending and executives warned about record levels of retail theft.

News for Nordstrom Stock (JWN)