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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Activist investor Ryan Cohen is amassing a sizable stake in Nordstrom Inc. JWN, +5.86%  and intends to urge the upscale department-store chain to make changes to its board following a steep share-price decline, according to people familiar with the matter.

Activist investor Ryan Cohen takes big stake in Nordstrom, seeks board changes

Activist investor plans to urge Nordstrom to refresh its board and replace the former CEO of Bed Bath & Beyond as a director.

Ryan Cohen Takes Stake in Nordstrom

The Style Ambassador program is made up of top stylists in Nordstrom's top 20 markets who work with customers every day to help them feel good and look their best.

Nordstrom Launches Style Ambassador Program For Best Customers

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Fitch Ratings downgraded Nordstrom Inc.'s long-term issuer default rating to “junk” status on Wednesday, to reflect its weakening operating profile amid competitive pressure and a weak economy. The ratings agency lower the rating to BB-plus from BBB-minus, just below investment grade.

Fitch cuts Nordstrom's credit rating into ‘junk' territory

We are just weeks away when retailers report their fourth quarter results.

Nordstrom's Weak Christmas Sales Adds To Gloomy Expectations

Nordstrom cut its guidance and shares are imploding, it this is a trend in retail the entire complex will move lower and drag on the S&P 500 too.

Nordstrom Puts Fear Of Markdowns Into Retail Sector

Nordstrom (JWN) posts dismal holiday season results due to higher markdowns and cautious consumer spending. This has led management to lower the fiscal 2022 view.

Nordstrom (JWN) Posts Weak Holiday Sales, Cuts FY22 View

Nordstrom, Inc. (NYSE:JWN) has reported a 3.5% decline in net sales for the nine-week holiday period ended December 31, 2022, as it responded to the weak retail environment with markdowns.  The department store chain has now guided investors for fiscal 2022 revenue growth, including retail sales and credit card revenues, at the lower end of its previously issued outlook of 5% to 7%.

Nordstrom cuts 2022 guidance after posting weak holiday sales

Consumers pulled back on their spending during the holiday shopping season, according to Nordstrom. During the nine weeks ended Dec. 31, sales at the Nordstrom Rack discount stores slipped 7.6% from the previous year's holiday season, while those at Nordstrom were down 1.7%, the company said in a Friday (Jan. 20) press release.

Nordstrom Rack Undercuts Luxury Retailer's Holiday Sales

Nordstrom Inc. late Thursday slashed its fiscal 2022 outlook as it offered shoppers more markdowns in the holiday season but still saw a drop in sales.

Nordstrom slashes outlook as holiday sales drop

Nordstrom said weak sales and a ton of markdowns hurt its results during the holiday season. The retailer said it had to mark down merchandise more than expected to clear through excess inventory.

Nordstrom shares sink after retailer posts weak holiday sales

Nordstrom Inc on Thursday slashed its forecast for annual profit following weak sales during the all-important holiday period, as the department store chain took a blow from heavy discounts and promotions to clear out excess inventories.

Nordstrom cuts annual profit outlook on heavy discounts, weak holiday sales

SEATTLE , Jan. 19, 2023 /PRNewswire/ -- Nordstrom, Inc. (NYSE: JWN) today announced a net sales decrease of 3.5 percent for the nine-week holiday period ended December 31, 2022, compared with the nine weeks ended January 1, 2022. For the Nordstrom banner, net sales decreased 1.7 percent, while net sales at the Nordstrom Rack banner decreased 7.6 percent.

Nordstrom Reports Holiday Sales, Updates Outlook

The shares of Nordstrom Inc (NYSE:JWN) recently rallied off their Dec. 28, two-year low of $15.52, though the equity was last seen down 2.6% at $17.12 at last check.

Nordstrom Stock Could Move Back Toward Lows

After 37 years with the company, Teri Bariquit will be retiring from her role as chief merchandising officer SEATTLE , Jan. 13, 2023 /PRNewswire/ -- Nordstrom, Inc. (NYSE: JWN) today announced that Chief Merchandising Officer Teri Bariquit is retiring. To ensure a smooth transition, Teri will remain in her role until the company identifies her successor.

Teri Bariquit to Retire as Nordstrom Chief Merchandising Officer

SEATTLE , Jan. 5, 2023 /PRNewswire/ -- Nordstrom, Inc. (NYSE: JWN) today announced the appointment of Atticus Tysen to its Board of Directors, effective January 3, 2023. Tysen has more than three decades of engineering and information security experience.

Nordstrom Appoints Atticus Tysen to Board of Directors

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Nordstrom (JWN) is a Top-Ranked Value Stock: Should You Buy?

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

Why Is Nordstrom (JWN) Down 23.4% Since Last Earnings Report?

SEATTLE , Dec. 19, 2022 /PRNewswire/ -- Seattle-based fashion retailer Nordstrom, Inc . (NYSE: JWN) announced plans to open a new  Nordstrom Rack  in Aurora, Colorado.

Nordstrom Rack to Open New Location in Aurora, Colorado

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SEATTLE , Dec. 15, 2022 /PRNewswire/ -- Seattle-based fashion retailer  Nordstrom, Inc . (NYSE: JWN) announced plans to open a new  Nordstrom Rack  in Denton, Texas.

Nordstrom Rack to Open New Location in Denton, Texas

Premium retail department store chain Nordstrom, Inc. (NYSE: JWN) stock has fallen (-27%) in 2022. It's recent earnings beat was overshadowed by falling YoY

Will Nordstrom Stock be the Grinch This Year?

SEATTLE , Dec. 13, 2022 /PRNewswire/ -- Seattle-based fashion retailer Nordstrom, Inc . (NYSE: JWN) announced plans to open a new  Nordstrom Rack  in Pinole, California.

Nordstrom Rack to Open New Location in Pinole, California

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

News for Nordstrom Stock (JWN)