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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Earnings data Q1 2022

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Earnings data Q1 2024

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Earnings data Q3 2024

Earnings data Q4 2024

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 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.

Nordstrom Rack to Open New Location in Macedonia, Ohio

SEATTLE , April 10, 2023 /PRNewswire/ -- Seattle-based fashion retailer Nordstrom, Inc . (NYSE: JWN) announced plans to open a new  Nordstrom Rack  in Elk Grove, California.

Nordstrom Rack to Open New Location in Elk Grove, California

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Fortune Magazine February/March 2023 Issue listed 50 World's Most Admired (WMA) companies based on a poll of "some 3,760 corporate executives, directors, and securities analysts." Acclaim from the wider business community, plus standing among rivals, both factored into the ranks. For the sixteenth year in a row, Apple topped all.

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On February 3rd, word that activist investor Ryan Cohen took a stake in Nordstrom, Inc. (NYSE:JWN) jettisoned the stock 25% higher in heavy volume. This extended a strong start to the year for the department store.

Nordstrom's 35% Off Sale Puts the Stock on the Bargain Rack

SEATTLE , March 14, 2023 /PRNewswire/ -- Seattle-based fashion retailer Nordstrom, Inc . (NYSE: JWN) announced plans to open a new  Nordstrom Rack  in Natomas, located in the Central Valley region of California.

Nordstrom Rack to Open New Location in Natomas, California

Despite inflation concerns, Nordstrom (JWN) remains well-placed for long-term growth on the back of solid online show and strategic growth efforts.

Can Nordstrom (JWN) Get Back on Track Via Solid Growth Efforts?

Argus analyst Kristina Ruggeri raises her rating on the luxury department store stock to Buy from Hold.

Nordstrom Snags an Upgrade. Here's Why.

Nordstrom Inc (NYSE:JWN) stock is up 0.6% to trade at $19.65 this morning, after Argus Research upgraded the retailer to "buy" from "hold.

Analyst: Nordstrom Stock Has Healthy Upside

Nordstrom, the retailer once known for luxury and exceptional service, has turned to deep discounts to move inventory, at the expense of lower sales and profits in its fiscal fourth quarter.

Deal Chasers Flock to Nordstrom, but Will They Stay for the Service?

Nordstrom has six main stores and 7 Rack stores in Canada.

Why Nordstrom Closes Canadian Stores By Next June – Reports Q4 Results

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Nordstrom's (JWN) Q4 results reflect headwinds related to soft demand trends among low-income customer groups due to difficult macroeconomic conditions.

Nordstrom (JWN) Q4 Earnings Beat Estimates, Revenues Miss

Nordstrom Inc. said it is winding down its Canadian business operations by closing its 13 stores located across the country.  Nordstrom Canada operates six Nordstrom stores, seven Nordstrom Rack stores, as well as the Nordstrom.ca website, which together employ approximately 2,500 people.

Nordstrom closing all Canadian stores unable to see 'realistic path to profitability'

Nine years after taking its high-end brand north of the border, luxury retailer Nordstrom says it will now shutter all 13 of its Canadian locations to shift focus on revamping its struggling off-price Rack division.

Nordstrom Rack Takes On Renewed Urgency as Luxury Retailer Departs Canada

Nordstrom Inc. (NYSE:JWN ) Q4 2022 Results Conference Call March 2, 2023 4:45 PM ET Company Participants Sara Penner - Investor Relations Erik Nordstrom - Chief Executive Officer Pete Nordstrom - President & Chief Brand Officer Michael Maher - Chief Accounting Officer Conference Call Participants Brooke Roach - Goldman Sachs Group Matthew Boss - JPMorgan Noah Zatzkin - KeyBanc Blake Anderson - Jefferies Ed Yruma - Piper Sandler Oliver Chen - TD Cowen Operator Greetings, and welcome to the Nordstrom Fourth Quarter 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode.

News for Nordstrom Stock (JWN)