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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The department store operator is opening 20 Nordstrom Rack stores and zeroing in on best-selling brands.

Nordstrom wants off-price chain Rack to lead it out of sales slump

SEATTLE , May 11, 2023 /PRNewswire/ -- Nordstrom, Inc. (NYSE: JWN) announced that it will report its first quarter 2023 financial results after the close of the financial markets on Wednesday, May 31, 2023. The announcement will be followed by a conference call at 4:45 p.m.

Nordstrom to Report First Quarter 2023 Financial Results on May 31

SEATTLE , May 10, 2023 /PRNewswire/ -- Nordstrom, Inc. (NYSE: JWN) today announced the appointment of Cathy R. Smith as chief financial officer, effective May 29, 2023.

Nordstrom Appoints Cathy R. Smith as Chief Financial Officer

Citing the changing dynamics of downtown San Francisco, Nordstrom is pulling out of Westfield San Francisco Centre at the end of August by opting not to renew its lease.

Nordstrom To Close San Francisco Stores This Summer

Nordstrom is reportedly shuttering two of its San Francisco stores amid declining foot traffic. That's according to a Wednesday (May 3) Wall Street Journal report, which cites a number of factors for the closing, including worries about crime and the persistence of remote work keeping potential shoppers away from cities.

Nordstrom Closes San Francisco Stores as Foot Traffic Falls

Two recent Nordstrom announcements reflect management's perspective on what is needed to improve results and deliver long-term shareholder value.

Nordstrom Closes Canada And Plans New Technology As Strategy To Improve Results

Lower levels of foot traffic, perceptions about crime and changes in spending cloud picture for merchants in large cities.

Nordstrom Is Closing San Francisco Stores as Cities' Retail Pain Grows

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Nordstrom is closing both of its stores in downtown San Francisco, citing the changing "dynamics" of the area that hasn't recovered since the pandemic and has been in the spotlight for crime.

Nordstrom is the latest retailer to leave San Francisco

"The planned closure of Nordstrom underscores the deteriorating situation in downtown San Francisco,” a mall spokesperson said.

Nordstrom closing two San Francisco stores over city's ‘deteriorating situation'

Nordstrom Inc. JWN said Tuesday it was closing its Nordstrom store and its Nordstrom Rack store in San Francisco as it made the “difficult decision” not to renew their leases. Nordstrom Rack's last day will be July 1, and the company plans to close the Nordstrom store, which is inside a mall, by the end of August.

Nordstrom to close San Francisco's Nordstrom store and Nordstrom Rack, citing lack of foot traffic

FIGS

Investors interested in Retail - Apparel and Shoes stocks are likely familiar with Nordstrom (JWN) and Figs (FIGS). But which of these two companies is the best option for those looking for undervalued stocks?

JWN or FIGS: Which Is the Better Value Stock Right Now?

Passive income investors are rightly attracted to Nordstrom's robust dividend yield.

Is This High-Yield Dividend Stock Paying Near 5% Safe?

Seattle-based retail giant Nordstrom laid off an unspecified number of workers from its technology division last week, citing the need to “operate more efficiently.

Nordstrom lays off tech workers in bid to ‘remain agile and operate more efficiently'

Nordstrom Rack, celebrating its 50th anniversary, has rolled out a new logo inspired by the one used in the ‘70s and ‘80s to differentiate the off-price chain from its competitors better.

Nordstrom Rack Has Problems Branding Can't Fix

NEW YORK , April 20, 2023 /PRNewswire/ -- Purcell & Lefkowitz LLP, a class action law firm dedicated to representing shareholders nationwide, is investigating a potential breach of fiduciary duty claim involving the board of directors of Nordstrom, Inc. (NYSE: JWN). If you are a shareholder of Nordstrom, Inc. and are interested in obtaining additional information regarding this investigation, free of charge, please visit us at: https://pjlfirm.com/nordstrom-inc/ You may also contact Robert H.

SHAREHOLDER ALERT: Purcell & Lefkowitz LLP Is Investigating Nordstrom, Inc. for Potential Breaches of Fiduciary Duty By Its Board of Directors

Nordstrom has come under sharp scrutiny by investors, including activist Ryan Cohen.

Nordstrom adds former Nike executive to board as activist battle continues

SEATTLE, April 17, 2023 /PRNewswire/ -- Nordstrom, Inc. (NYSE: JWN) today announced the appointment of Eric Sprunk, former chief operating officer of NIKE, Inc., to its Board of Directors, effective immediately.

Nordstrom Appoints Eric Sprunk to Board of Directors

Following its recent earnings report in early March, fashion retailer Nordstrom has announced the upcoming launch of nine additional stores for its Nordstrom Rack off-price retail concept. Most of the stores are planned to debut in the spring of 2024, while one store is scheduled to open in 2025.

Nordstrom Walks Back on Luxury and Leans Into Deep Discounts

SEATTLE, April 14, 2023 /PRNewswire/ -- Nordstrom, Inc. (NYSE: JWN) today announced the appointment of Jason Morris as chief technology and information officer, effective May 1, 2023.

Nordstrom Appoints Jason Morris as Chief Technology and Information Officer

Nordstrom (JWN) intends to open four Rack stores this spring, along with four more in 2024 and one in 2025. The move is part of its Closer to You plan and is likely to expand its customer base.

Nordstrom (JWN) on Track With Aggressive Store Expansion Efforts

SEATTLE , April 13, 2023 /PRNewswire/ -- Seattle-based fashion retailer  Nordstrom, Inc . (NYSE: JWN) announced plans to open four new  Nordstrom Rack  stores in 2024 and one in 2025.

Nordstrom Rack to Open Five New California Stores in Davis, Elk Grove, Gilroy, Oceanside and San Mateo

SEATTLE , April 13, 2023 /PRNewswire/ -- Seattle-based fashion retailer Nordstrom, Inc . (NYSE: JWN) announced plans to open a new  Nordstrom Rack  in Wheaton, Illinois.

Nordstrom Rack to Open New Location in Wheaton, Illinois

SEATTLE , April 13, 2023 /PRNewswire/ -- Seattle-based fashion retailer Nordstrom, Inc . (NYSE: JWN) announced plans to open a new  Nordstrom Rack  in Snellville, Georgia.

Nordstrom Rack to Open New Location in Snellville, Georgia

SEATTLE , April 13, 2023 /PRNewswire/ -- Seattle-based fashion retailer Nordstrom, Inc . (NYSE: JWN) announced plans to open a new  Nordstrom Rack  in Macedonia, Ohio.

News for Nordstrom Stock (JWN)