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.

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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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Nordstrom (JWN) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.

Here Is Why Bargain Hunters Would Love Fast-paced Mover Nordstrom (JWN)

I maintain a buy rating for Nordstrom (JWN) due to the favorable macro backdrop and positive margin outlook, despite the unlikely buyout acceptance. JWN's 2Q24 earnings showed 3.4% y/y growth, with adj EPS of $0.96 beating consensus, and a 160bps gross margin expansion to 36.6%. The buyout offer at $23 per share serves as a valuation floor.

Nordstrom: Business Continues To Benefit From The Macro Backdrop

JWN's special committee of the board of directors confirms proposal from Erik and Pete Nordstrom, along with Liverpool, to take the company private.

Nordstrom Confirms Buyout Proposal Valued at $3.8 billion

Nordstrom just announced it looks favorably on a bid from Mexican retailer El Puerto de Liverpool to help take the company private. The merger proposal is now being evaluated by a special committee made up of independent and disinterested partners to determine if it is in the “best interests of Nordstrom and all shareholders.

Mexican Retailer Liverpool Steps Up To Help Take Nordstrom Private

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This Nordstrom Analyst Is No Longer Bearish; Here Are Top 5 Upgrades For Thursday

24/7 Wall St. Insights The owners want to take retailer Nordstrom Inc.

Nordstrom's Big Fight

Nordstrom has received a proposal from its CEO Erik Nordstrom, President and Chief Brand Officer Pete Nordstrom, other members of the Nordstrom family and Mexican omnichannel company El Puerto de Liverpoolto acquire all the outstanding shares of the company and take the company private.

Nordstrom Receives Go-Private Proposal From Nordstrom Family and Mexico's Liverpool

Nordstrom‘s founding family has offered to take the department store chain private for $23 a share, teaming up with a Mexico-based retailer in its latest bid, a filing showed on Wednesday.

Nordstrom's founding family offers to buy the chain for $23 per share

Nordstrom (JWN) Chief Executive Officer (CEO) Erik Nordstrom and other members of the company's founding family have made a bid to take the fashion retailer private for $23 per share, according to n Securities and Exchange Commission (SEC) filing.

Nordstrom Family Makes $3.8B Offer To Take Retailer Private

Nordstrom, Inc. (NYSE:JWN) could be taken private by the family who founded the department store chain for $23 per share or a total valuation of $3.8 billion. The Nordstrom family, which owns approximately 33% of Nordstrom shares, and Mexican retailer El Puerto de Liverpool, which owns about 10%, have proposed to acquire the remaining 57% of shares.

Nordstrom family bids to take retailer private for $3.8B

“That the Nordstrom family have made an offer to buy the department store chain comes as no surprise. What is interesting is the $23 a share value which is pretty much the current price of the stock,” said Neil Saunders, managing director of GlobalData.

Nordstrom family offers $3.8B to take upscale department-store chain private

The Nordstrom family group has offered $3.8 billion to take the department store chain private, bringing the store group back into the family's hands.

Nordstrom Family Makes $3.8 Billion Play To Take Company Private Again

The buyout bid values Nordstrom at $3.76 billion.

Nordstrom confirms buyout bid received from members of the founding family

Brothers Erik and Peter Nordstrom submitted an offer to take private the eponymous retail giant Nordstrom, the company confirmed Wednesday morning, potentially bringing the multibillion-dollar department store chain founded by their great-grandfather in 1901 back into family control.

Nordstrom Brothers Make Bid To Buy Back Nordstrom Department Store Chain

The founding family of Nordstrom JWN -0.18%decrease; red down pointing triangle made a $3.8 billion bid to take its namesake retailer private, its second attempt to revive the department-store chain out of public view.

Nordstrom Family Bids Again to Take Retailer Private

SEATTLE , Sept. 4, 2024 /PRNewswire/ -- The special committee of the Board of Directors of Nordstrom, Inc. (NYSE: JWN) today confirmed receipt of a proposal from Erik and Pete Nordstrom, other members of the Nordstrom family, and El Puerto de Liverpool, S.A.B.

Special Committee of Nordstrom Board Confirms Receipt of Going-Private Transaction Proposal from Nordstrom Family and Liverpool

Nordstrom's founding family on Wednesday offered to buy the department store chain for $23.00 per share in cash.

Nordstrom's founding family offers to buy department store for $23 per share

It's a tale of two retail department stores on the opposite ends of the financial spectrum. Nordstrom Inc. NYSE: JWN stock is trading up 21% year-to-date (YTD), while Macy's Inc. (NYSE: M) stock is trading down 22.6% YTD.

Nordstrom's Winning Formula: 3 Factors Behind the Stock's Success

Retail earnings season has been a mix of hits and misses over the past few weeks, with industry giants like Walmart and Target beating sales expectations with help from aggressive discounts while Macy's and others have posted tepid numbers and disappointing guidance. Embattled discount chain Dollar General saw its stock crater 30% on Friday after it lowered its sales outlook and indicated that its core customers were simply too strapped for cash to shop there.

Nordstrom Rack is opening almost two dozen new locations in 2024. Here's a full list and map

Nordstrom, Inc.'s Q2 2024 earnings report showed a surprising profitability boost, with EPS beating expectations and gross profit margin reaching its highest since Q1 2022. The company's growth is driven by its Nordstrom Rack segment, which saw an 8.8% YoY sales increase, but this may pressure overall margins. Despite positive earnings, macroeconomic headwinds and a significant YoY inventory build raise concerns about future performance and profitability.

Nordstrom: Was Q2 2024 Profitability Improvement A Signal Or Just Noise?

Nordstrom (JWN) shares jumped Wednesday, a day after posting better-than-expected second-quarter results.

Nordstrom Stock Jumps Amid Strong Earnings, Rack Sales

Shares of Nordstrom Inc JWN climbed in early trading on Wednesday, after the company reported upbeat second-quarter earnings.

Nordstrom Beats Q2 Earnings But Guidance Shows A Decline In This Key Matrix: 4 Analysts Revise Forecasts

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Retail stocks across the sector are dealing with the fallout from their corporate reports this morning.

2 Retail Stocks Moving Higher After Earnings

JWN's second-quarter earnings results benefit from Anniversary Sale timing, which led to the shift of one week from the third quarter to the second quarter.

Nordstrom Stock Gains on Q2 Earnings Beat, Updated FY24 Outlook

The department-store chain smashed expectations and slightly raised its full-year guidance.

News for Nordstrom Stock (JWN)