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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SEATTLE , Sept. 20, 2022 /PRNewswire/ -- Nordstrom, Inc. (NYSE: JWN) today announced that its Board of Directors has unanimously adopted a limited duration shareholder rights plan (the "Rights Plan").

Nordstrom Adopts Limited Duration Shareholder Rights Plan

Two high-end department stores reportedly have a closer relationship now, as the parent company of Mexican chain Liverpool has reportedly acquired a 9.9% passive stake in U.S. chain Nordstrom for 5.9 billion pesos ($293.8 million). Reuters reported Thursday (Sept.

Mexican Department Store Liverpool Buys 9.9% Stake in Nordstrom

Mexican high-end department store chain Liverpool has acquired a 9.9% passive stake in U.S. upscale retailer Nordstrom , using what it said was surplus cash for a bet on geographic diversification.

Mexican department store chain Liverpool buys 9.9% stake in Nordstrom

Jefferies analysts have turned positive on department stores, but Nordstrom Inc. (NYSE: JWN) was the only stock to catch an upgrade from the analyst firm on Thursday.

Nordstrom (NYSE:JWN) – This Luxury Retailer Has Analysts Bullish As GenZ, Millennials Aim To 'Refresh Their Closets'

High-end department store Nordstrom Inc. has received an upgrade to a ‘buy' from Jefferies, which said the chain's wealthier customers were better insulated from a downturn and that it was best geared toward an “an upcoming wardrobe refresh” among younger shoppers.

Younger shoppers say their clothes are outdated, and Jefferies says Nordstrom is best tailored to ‘upcoming wardrobe refresh'

The shares of Nordstrom Inc (NYSE:JWN) are up 4.4% at $18.77 at last glance, after an upgrade from Jefferies to "buy" from "hold," with a price-target hike to $24 from $21.

Nordstrom Stock Rises on Jefferies Upgrade

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Jefferies analyst upgraded her rating to Buyon Nordstorm while downgrading Kohl's to Hold.

Buy Nordstrom, Analyst says. The Young and Rich Will Keep Spending.

SEATTLE , Sept. 14, 2022 /PRNewswire/ -- Seattle-based fashion retailer  Nordstrom, Inc.

Nordstrom Rack to Open Three New Stores in Union Gap and Olympia, WA and Salem, OR

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Target

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A spate of reports say shoppers are likely feeling thrifty heading into the holidays as they face higher prices for groceries and other necessities.

Holiday shopping season expected to be muted as inflation squeezes shoppers

SEATTLE , Sept. 7, 2022 /PRNewswire/ -- Seattle-based fashion retailer Nordstrom, Inc.

Nordstrom Rack to Open New Location in Delray Beach, FL

Nordstrom currently offers a very attractive forward yield but could this be at risk given a weak outlook? We investigate if Nordstrom can cover its dividend bill.

Is Nordstrom A Safe Dividend Stock After Lowered Guidance?

SEATTLE , Sept. 1, 2022 /PRNewswire/ -- Nordstrom, Inc. (NYSE: JWN) announced today that Erik Nordstrom, chief executive officer, and Anne Bramman, chief financial officer, will participate in a fireside chat at the Goldman Sachs Annual Global Retailing Conference on Thursday, September 8, 2022 at 9:35 a.m.

Nordstrom to Participate in the Goldman Sachs Annual Global Retailing Conference

Shapermint, the fast-growing, size-inclusive online shapewear and intimates apparel store, featuring its exclusive brands, Shapermint Essentials and Truekind, as well as a curated selection from the world's top shapewear and intimates, today is rolling out to brick and mortar.

D2C Brand Shapermint Rolls Out To Brick And Mortar With Belk And Nordstrom

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Why Nordstrom Stock Fell Hard This Week

Nordstrom lowered its full-year outlook after consumer demand plunged at the end of the second quarter.

Why Nordstrom Stock Was Falling Earlier Today

Nordstrom's (JWN) Q2 results gain from robust demand for apparel and shoes, a solid online show, and a solid anniversary event. However, inflation and higher inventory lead to the slashed FY22 view.

Nordstrom (JWN) Q2 Earnings & Revenues Beat on Solid Demand

Shares of Nordstrom Inc (NYSE: JWN) are down more than 20% this morning after the department stores chain lowered its outlook for the full year. Its Q2 results, however, were better-than-expected.

Nordstrom shares are down 20% this morning: this is why

Nordstrom Inc (NYSE:JWN) is plummeting today, down 19.1% at $18.76 at last glance.

Nordstrom Stock Plunges After Forecast Cut

Nordstrom Inc. plans to be “aggressive” about getting rid of inventory as the retail company deals with weakening consumer trends, especially among lower-income shoppers.

Nordstrom plans ‘aggressive' markdowns to clear inventory, and analyst sees ‘volatile' path ahead

Nordstrom second-quarter results reveal that the problem of deteriorating sentiment among shoppers is moving higher up the income spectrum.

Nordstrom's Sales of Discounted Goods Show Consumer Pullback Is Spreading

Source: Jonathan Weiss / Shutterstock.com Nordstrom (NYSE: JWN ) stock is falling hard on Wednesday after the retailer released results for its second quarter of 2022. The most major news is a massive cut to the company's guidance for the full year of 2022.

JWN Stock Sinks 19% as Nordstrom Cuts Guidance

Macroeconomic pressures are taking their toll on lower-income consumers, Nordstrom executives said Tuesday (Aug. 23) in materials released along with the company's quarterly earnings call. Although the company's net sales increased 12% year over year during the quarter ended July 30, they began slowing in late June, especially among lower-income customers.

Nordstrom Reports Lower-Income Consumers Dialing Back on Spending

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.

News for Nordstrom Stock (JWN)