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

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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 , 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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Department stores are at risk from an 'unprecedented' level of excess inventory, analysts say

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

Here's Why Nordstrom (JWN) is Marching Ahead of the Industry

SEATTLE, June 14, 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 hosted by Telsey Advisory Group on Tuesday, June 21, 2022 at 2:00 p.m. EDT.  The session will be webcast live through the Events & Presentations section at investor.nordstrom.com.

Nordstrom to Participate in a Fireside Chat Hosted by Telsey Advisory Group

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The Ratings Game: For Nordstrom, Allbirds is in and the Trunk Club styling service is out

SEATTLE , May 31, 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 Evercore ISI Consumer & Retail Conference on Tuesday, June 7, 2022 at 1:15 p.m. EDT.  The session will be webcast live through the Events & Presentations section at investor.nordstrom.com.

Nordstrom to Participate in the Evercore ISI Consumer & Retail Conference

The inflationary pressures have forced customers to cut back their spending.

TJX, Dillard's, Nordstrom, And Macy's Get Boost From New Fashion Demands

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Nordstrom gave a positive earnings surprise -- a rarity for the retail sector these days. But how?

Why Nordstrom Was Up Double Digits Today

Nordstrom, Inc. (NYSE: JWN) shares traded higher by 11% on Wednesday after the company reported strong first-quarter sales numbers and raised its full-year guidance. On Tuesday, Nordstrom reported a first-quarter adjusted EPS loss of 6 cents, slightly missing consensus analyst estimates of a 5-cent.

4 Nordstrom Analysts React To Mixed Q1 Earnings: 'We Remain Skeptical'

Nordstrom's (JWN) Q1 results gain from robust demand for apparel and footwear, a solid online show, and lower markdown. As a result, it raises the fiscal 2022 view.

Nordstrom (JWN) Up on Narrower-Than-Expected Q1 Loss, View Hike

Nordstrom, Inc. (NYSE:JWN)s (Nordstrom, Inc. (NYSE:JWN)) fiscal first-quarter sales exceeded analysts' expectations, with the company upping its full-year outlook as shoppers visited the fashion specialty retailer's stores to replenish their closets with designer brands and shoes. In the first quarter, revenue increased 18.7% to US$3.57bn, exceeding analysts' expectations of US$3.28bn.

News for Nordstrom Stock (JWN)