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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Gap Inc

Tapestry

New analyst research in the retail sector shows that shoppers can score 2022 deals from the comfort of their homes—even if they aren't rushing to find them.

Retailers Are Already Offering Holiday Sales. Which Companies to Watch.

SEATTLE , Nov. 10, 2022 /PRNewswire/ -- Seattle-based fashion retailer Nordstrom, Inc. (NYSE: JWN) has announced plans to open a new  Nordstrom Rack  in the fall of 2023. The new store will be located in Sequoia Mall in Visalia, California.

Nordstrom Rack to Open New Location in Visalia, California

SEATTLE , Nov. 8, 2022 /PRNewswire/ -- Nordstrom, Inc. (NYSE: JWN) announced that it will report its third quarter 2022 financial results after the close of the financial markets on Tuesday, November 22, 2022. The announcement will be followed by a conference call at 4:45 p.m.

Nordstrom to Report Third Quarter 2022 Financial Results on November 22

SEATTLE , Nov. 8, 2022 /PRNewswire/ -- Seattle-based fashion retailer Nordstrom, Inc . (NYSE: JWN) has announced plans to open a new  Nordstrom Rack  in the fall of 2023.

Nordstrom Rack to Open New Location in Allen, TX

SEATTLE , Nov. 1, 2022 /PRNewswire/ -- Seattle-based fashion retailer Nordstrom, Inc . (NYSE: JWN) has announced plans to open a new  Nordstrom Rack  in the fall of 2023.

Nordstrom Rack to Open New Location in San Luis Obispo, CA

SEATTLE , Oct. 25, 2022 /PRNewswire/ -- Seattle-based fashion retailer Nordstrom, Inc. (NYSE: JWN) announced plans to open a new Nordstrom Rack  in the fall of 2023. The new store will be located in Overland Crossing in Overland Park, Kansas.

Nordstrom Rack to Open New Location in Overland Park, KS

Anne Bramman, CFO of Nordstrom is leaving the company on December 2 after the third quarter results are announced.

Nordstrom's CFO Anne Bramman Is Leaving The Company

There's been plenty of buzz about department store retailer Nordstrom, Inc. (NYSE:JWN) lately.

Struggling Retail Stock Flashing Bear Signal

Macy's

Macy's Inc. and Nordstrom Inc. became the latest retailers to lower their financial goals for the year, citing risks of a steeper economic downturn and slowdown in consumer spending.

Macy's, Nordstrom lower outlooks as consumer spending expected to slow

Reaffirms Fiscal Year 2022 Financial Outlook SEATTLE , Oct. 17, 2022 /PRNewswire/ -- Nordstrom, Inc. (NYSE: JWN) today announced that Nordstrom Chief Financial Officer Anne Bramman has informed the company of her intention to step down from her role. She will remain with the company through the reporting of Nordstrom's third quarter 2022 financial results to facilitate a smooth transition.

Nordstrom Announces CFO Transition

SEATTLE , Oct. 12, 2022 /PRNewswire/ -- It's the season of joy, and this year Nordstrom is the backdrop for new nostalgia and holiday memories. From gifting and holiday dressing to holiday décor and festive events where customers can make merry together, Nordstrom and Nordstrom Rack are the one-stop holiday destinations to make holiday shopping easy and – dare we say – fun!

MAKE MERRY TOGETHER THIS HOLIDAY SEASON WITH NORDSTROM AND NORDSTROM RACK

SEATTLE , Oct. 4, 2022 /PRNewswire/ -- Seattle-based fashion retailer Nordstrom, Inc . (NYSE: JWN) has announced plans to open a new  Nordstrom Rack  in the spring of 2024.

Nordstrom Rack to Open New Location in Kennesaw, GA

Despite rising inflation, Nordstrom (JWN) gains from strength in the online business, led by robust customer demand and a long-term growth strategy.

Nordstrom (JWN) Banks on Solid Online Show Amid Inflation

SEATTLE , Sept. 27, 2022 /PRNewswire/ -- Seattle-based fashion retailer  Nordstrom, Inc.

Nordstrom Rack to Open New Location in Las Vegas

Nordstrom's stock has slid over 20% since the company's negative Q3 guidance. Management cut guidance on both the top and bottom lines. This is based on falling demand in the last month of the second quarter.

Why Nordstrom Could Be Set To Outperform

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

Why Is Nordstrom (JWN) Up 4.1% Since Last Earnings Report?

Management did not expect this move, it quickly adopted a shareholder rights plan (also known as a poison pill).

Nordstrom Adopts A Poison Pill

Liverpool is currently the second-biggest shareholder behind former Chairman Bruce Nordstrom.

Nordstrom adopts ‘poison pill' plan days after Mexican retailer amasses stake

Department store group Nordstrom Inc. has adopted a so-called "poison pill" to ward off hostile takeovers and to prevent investors from amassing 10% or more of its shares.

Department Store Nordstrom Warns Off Takeover Bids With Poison Pill

SEATTLE , Sept. 20, 2022 /PRNewswire/ -- Seattle-based fashion retailer Nordstrom, Inc.

Nordstrom Rack to Open Three New California Stores in Anaheim Hills, Clovis, San Clemente

Nordstrom Inc has adopted a "poison pill" to prevent investors from amassing 10% or more of its shares, the company said on Tuesday, just days after a Mexican retailer built a stake in the luxury department store chain.

Nordstrom adopts 'poison pill' days after Mexican peer buys stake

Shares of Nordstrom Inc. JWN, +3.92% slipped 0.3% in premarket trading Tuesday, after the higher-end department store chain said it adopted a shareholder rights plan, also known as a "poison pill," that is effective immediately and lasts for one year. Nordstrom said the rights plan, which becomes exercisable if a person or entity acquires 10% or more of the shares outstanding, has not been adopted in response to any specific takeover bid or other bid to take control of the company, and was not adopted to block offers that are deemed "fair.

Nordstrom adopts 1-year 'poison pill' to block any entity from gaining control

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.

News for Nordstrom Stock (JWN)