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 Q4 2020

Earnings data Q1 2021

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Earnings data Q4 2021

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Earnings data Q4 2022

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Earnings data Q2 2024

Earnings data Q3 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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Macy's

Hopes that wealthy Americans would spend the U.S. economy out of trouble are being discarded like the unsold goods in Macy's and Nordstrom stores.

Nordstrom and Macy's Show Consumers Are Hurting. The Fed May Not Care.

Nordstrom Inc became the latest retailer to lower its financial goals for the year, citing risks of a steeper economic downturn and slowdown in consumer spending in an after-hours release, joining Macy's Inc which issued its warning during the New York trading day on Tuesday. Nordstrom cited weakness among shoppers at its Nordstrom Rack discount chain, which targets lower-end consumers than its flagship stores.

Nordstrom and Macy's latest US retailers to lower financial goals for the year

Nordstrom, Inc. (NYSE:JWN ) Q2 2022 Results Conference Call August 23, 2022 4:45 PM ET Company Participants Heather Hollander - Head, IR Erik Nordstrom - CEO Pete Nordstrom - President and Chief Brand Officer Anne Bramman - CFO Conference Call Participants Edward Yruma - Piper Sandler Omar Saad - Evercore Matthew Boss - JPMorgan Noah Zatzkin - KeyBanc Chuck Grom - Gordon Haskett Katy Hallberg - Cowen Tracy Kogan - Citi Simeon Siegel - BMO Capital Markets Operator Greetings, and welcome to the Nordstrom Second Quarter 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode.

Nordstrom, Inc. (JWN) CEO Erik Nordstrom on Q2 2022 Results - Earnings Call Transcript

Toll Brothers

We've gone from robust gains off the June lows to a sort of holding pattern until late last week, when we pitched downward notably.

Markets Fade Monday's Pullback Further; Nordstrom Beats, Toll Bros Mixed

The department store lowered its full-year outlook. Rival Macy's slashed its guidance earlier Tuesday

Nordstrom Warns Tougher Times Are Ahead

Nordstrom Inc. stock fell more than 10% in the extended session Tuesday after the retailer beat expectations for its second quarter but called for lower sales and profit for the year, warning that foot traffic dropped “significantly” in June, particularly in its discount Nordstrom Rack stores, and that its inventories need tweaking.

Nordstrom stock tanks after retailer lowers outlook for the year

Nordstrom shares drop as retailer cuts full-year forecast, cites inventory glut

(Reuters) -Nordstrom Inc cuts its annual revenue and profit forecasts on Tuesday, a sign that decades-high inflation was squeezing consumer spending on its high-end clothing and footwear.

Nordstrom lowers annual forecast as inflation hits demand

Total Company sales increase 12 percent Reports EPS of $0.77 and adjusted EPS of $0.81 1 Updating fiscal year outlook to reflect revised plans for second half SEATTLE , Aug. 23, 2022 /PRNewswire/ -- Nordstrom, Inc. (NYSE: JWN) today reported second quarter net earnings of $126 million and earnings per diluted share ("EPS") of $0.77 for the quarter ended July 30, 2022. Excluding costs associated with the wind-down of Trunk Club, the Company reported adjusted earnings per share of $0.81.1 For the second quarter, net sales increased 12.0 percent versus the same period in fiscal 2021, exceeding pre-pandemic sales levels, and gross merchandise value ("GMV") increased 12.2 percent.

Nordstrom Reports Second Quarter 2022 Earnings

Macy's reports earnings before the market opens on Tuesday. Nordstrom weighs in after the close.

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Nordstrom's (JWN) Q2 results are expected to reflect gains from strong demand, positive pricing, digital growth, compelling merchandise and lower markdowns amid higher freight and labor costs.

Factors Likely to Influence Nordstrom's (JWN) Q2 Earnings

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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.

Nordstrom (JWN) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

SEATTLE , Aug. 9, 2022 /PRNewswire/ -- Nordstrom, Inc. (NYSE: JWN) announced that it will report its second quarter 2022 financial results after the close of the financial markets on Tuesday, August 23, 2022. The announcement will be followed by a conference call at 4:45 p.m.

Nordstrom to Report Second Quarter 2022 Financial Results on August 23

Sam Lobban was just promoted to executive vice president, general merchandising manager for men's and women's apparel and all designers at Nordstrom.

Nordstrom Promotes Sam Lobban And Builds New Leadership

SEATTLE , July 26, 2022 /PRNewswire/ -- Seattle-based fashion retailer Nordstrom, Inc. (NYSE: JWN) has announced plans to open a new Nordstrom Rack  in the spring of 2023. The new store will be located in Bradley Fair, a mixed-use complex in Wichita, KS.

Nordstrom Rack to Open New Location in Wichita, KS

SEATTLE , July 26, 2022 /PRNewswire/ -- Seattle-based fashion retailer Nordstrom, Inc. (NYSE: JWN) has announced plans to open a new Nordstrom Rack in the spring of 2023. The new store will be located in The Terrace at Hamilton Place in Chattanooga, TN.

Nordstrom Rack to Open New Location in Chattanooga, TN

Nordstrom's new and improved retail strategies on consumer stickiness lead to partnerships with Allbirds and ASOS. Authorization of $500 million share repurchase plan shows confidence in financial stability and future outlook.

Nordstrom Stock Is A Steal

Deniz Anders Appointed Chief Marketing Officer    Nina Barjesteh Joins Nordstrom as President, Nordstrom Product Group   SEATTLE , July 20, 2022 /PRNewswire/ -- Nordstrom, Inc. (NYSE: JWN) announced the appointment of two new senior executive leaders: Deniz Anders was promoted to senior vice president and chief marketing officer, and Nina Barjesteh, a senior executive at DICK's Sporting Goods, will join the company as president, Nordstrom Product Group.  In her new role, Anders will lead all marketing efforts on behalf of the company, including brand programs, digital marketing, creative strategy and corporate affairs.

Nordstrom Names Two New Executive Leaders

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A UBS consumer survey of U.S. off-price and department-store retailers found that shoppers avoid Nordstrom Inc. JWN, -3.55% because of "high prices." "We believe this is why Nordstrom's full-price stores are losing more customers than they are gaining," wrote analysts led by Jay Sole.

Nordstrom prices are too high, survey finds

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Nordstrom (JWN) reported earnings 30 days ago. What's next for the stock?

News for Nordstrom Stock (JWN)