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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Reports that the department store chain may sell off its off-price brand is the latest attempt by Nordstrom to find value but it also could be the canary in the coal mine for other brands

What A Rack Spin-Off Would Say About Nordstrom And Off-Price Too

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Nordstrom is looking at hiving off its off-price chain – Nordstrom Rack – into a separate company that could have a separate management team, according to the report, which cited anonymous sources.

Nordstrom reportedly looking at splitting into two companies

Nordstrom Rack is the off-price retail division of the luxury department store Nordstrom. It sells brands for between 30% and 70% off.

Nordstrom is reportedly considering spinning off discount store Nordstrom Rack. Analysts describe it as a mess that's dragging the brand down and couldn't keep up with TJ Maxx.

Nordstrom is looking at spinning off its discount Nordstrom Rack business to trim its losses, Seeking Alpha reported. The company was down 0.6% as of Monday (Dec. 20).

Nordstrom Considers Spinning off Rack Into New Business

Nordstrom has reportedly tapped the consulting group AlixPartners to help it review a potential spinoff of its off-price Nordstrom Rack business.

Nordstrom reportedly hires AlixPartners to review possible Rack spinoff

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Nordstrom (JWN) is struggling to reach the pre-pandemic levels and is reeling under higher freight costs. However, a solid online show and better product offerings are likely to aid the stock.

Nordstrom (JWN) Dips More Than 24% in 3 Months: Can It Revive?

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The retailer is underperforming its peers.

Why Nordstrom Stock Plunged Today

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Nordstrom, Inc. (NYSE:JWN) shares plunged on Wednesday after the company reported a third-quarter earnings miss driven by rising labor costs. Nordstrom reported third-quarter adjusted EPS of 39 cents, missing analyst estimates of 56 cents.

Nordstrom Analysts Break Down Q3 Earnings: 'Ongoing Market Share Loss'

Nordstrom Inc. has plans to turn around its off-price Rack banner, which is having problems finding merchandise from the premium brands that customers crave.

The Ratings Game: Nordstrom stock plummets after supply chain struggles hit the high-end inventory at the off-price Rack chain

Nordstrom's (JWN) Q3 results gain from greater Nordstrom banner sales, solid online show and improved store traffic. Yet, supply chain headwinds and higher labor cost remain concerns.

Nordstrom (JWN) Q3 Earnings Lag Estimates, Revenues Beat

Nordstrom, Inc. executives know they have to make changes to bring customers back and return to the profitability of 2019, before the COVID-19 pandemic transformed the way people shop. During its third-quarter earnings call on Tuesday (Nov. 23), the retailer said it's still trying to do better with that.

Nordstrom Still Looking to Recapture Pre-Pandemic Glory

Nordstrom Inc (NYSE: JWN) is trading significantly lower Wednesday after the company announced worse-than-expected third-quarter financial results. Nordstrom reported quarterly earnings of 39 cents per share, which is up from 22 cents per share year-over-year.

Why Nordstrom Shares Are Plunging Today

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While the upscale retailer backed its fiscal-year sales outlook, CEO Erik Nordstrom said "when we look across the landscape, we need to deliver more."

Nordstrom dives 28% as higher labor costs and low inventory at Nordstrom Rack lead to quarterly earnings miss

Shares of Nordstrom Inc and Gap Inc slumped more than 20% on Wednesday as warnings of product shortages during the crucial holiday season raised fears that the retailers were losing out to better-prepared competitors.

Nordstrom, Gap plunge with Street worried about rivals chipping away share

Nordstrom Inc (NYSE: JWN) reported third-quarter FY21 sales growth of 17.7% year-on-year, to $3.53 billion. Total revenues were $3.64 billion.

Nordstrom Shares Plummet As Q3 EPS Lags Consensus

U.S. stock index futures fell on Wednesday ahead of a slew of economic data releases, with investors nervous about inflation and prospects for faster interest rate hikes heading into the Thanksgiving holiday.

Futures dip ahead of data barrage; Nordstrom sinks after earnings

It was a painful analyst session after Nordstrom announced their earnings results for the third quarter of 2021.

Nordstrom Third Quarter 2021 Results Disappoint

The stock price of Nordstrom, Inc. (NYSE: JWN) fell by over 25% pre-market today. This is why it happened.

News for Nordstrom Stock (JWN)