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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Earnings data Q4 2024

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 , April 13, 2023 /PRNewswire/ -- Seattle-based fashion retailer Nordstrom, Inc . (NYSE: JWN) announced plans to open a new  Nordstrom Rack  in Wheaton, Illinois.

Nordstrom Rack to Open New Location in Wheaton, Illinois

SEATTLE , April 13, 2023 /PRNewswire/ -- Seattle-based fashion retailer Nordstrom, Inc . (NYSE: JWN) announced plans to open a new  Nordstrom Rack  in Snellville, Georgia.

Nordstrom Rack to Open New Location in Snellville, Georgia

SEATTLE , April 13, 2023 /PRNewswire/ -- Seattle-based fashion retailer Nordstrom, Inc . (NYSE: JWN) announced plans to open a new  Nordstrom Rack  in Macedonia, Ohio.

Nordstrom Rack to Open New Location in Macedonia, Ohio

SEATTLE , April 10, 2023 /PRNewswire/ -- Seattle-based fashion retailer Nordstrom, Inc . (NYSE: JWN) announced plans to open a new  Nordstrom Rack  in Elk Grove, California.

Nordstrom Rack to Open New Location in Elk Grove, California

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Fortune Magazine February/March 2023 Issue listed 50 World's Most Admired (WMA) companies based on a poll of "some 3,760 corporate executives, directors, and securities analysts." Acclaim from the wider business community, plus standing among rivals, both factored into the ranks. For the sixteenth year in a row, Apple topped all.

5 Ideal Dividend Dogs From 45 Fortune 2023 World's Most Admired Companies + 5 To Watch

On February 3rd, word that activist investor Ryan Cohen took a stake in Nordstrom, Inc. (NYSE:JWN) jettisoned the stock 25% higher in heavy volume. This extended a strong start to the year for the department store.

Nordstrom's 35% Off Sale Puts the Stock on the Bargain Rack

SEATTLE , March 14, 2023 /PRNewswire/ -- Seattle-based fashion retailer Nordstrom, Inc . (NYSE: JWN) announced plans to open a new  Nordstrom Rack  in Natomas, located in the Central Valley region of California.

Nordstrom Rack to Open New Location in Natomas, California

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

Can Nordstrom (JWN) Get Back on Track Via Solid Growth Efforts?

Argus analyst Kristina Ruggeri raises her rating on the luxury department store stock to Buy from Hold.

Nordstrom Snags an Upgrade. Here's Why.

Nordstrom Inc (NYSE:JWN) stock is up 0.6% to trade at $19.65 this morning, after Argus Research upgraded the retailer to "buy" from "hold.

Analyst: Nordstrom Stock Has Healthy Upside

Nordstrom, the retailer once known for luxury and exceptional service, has turned to deep discounts to move inventory, at the expense of lower sales and profits in its fiscal fourth quarter.

Deal Chasers Flock to Nordstrom, but Will They Stay for the Service?

Nordstrom has six main stores and 7 Rack stores in Canada.

Why Nordstrom Closes Canadian Stores By Next June – Reports Q4 Results

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Nordstrom's (JWN) Q4 results reflect headwinds related to soft demand trends among low-income customer groups due to difficult macroeconomic conditions.

Nordstrom (JWN) Q4 Earnings Beat Estimates, Revenues Miss

Nordstrom Inc. said it is winding down its Canadian business operations by closing its 13 stores located across the country.  Nordstrom Canada operates six Nordstrom stores, seven Nordstrom Rack stores, as well as the Nordstrom.ca website, which together employ approximately 2,500 people.

Nordstrom closing all Canadian stores unable to see 'realistic path to profitability'

Nine years after taking its high-end brand north of the border, luxury retailer Nordstrom says it will now shutter all 13 of its Canadian locations to shift focus on revamping its struggling off-price Rack division.

Nordstrom Rack Takes On Renewed Urgency as Luxury Retailer Departs Canada

Nordstrom Inc. (NYSE:JWN ) Q4 2022 Results Conference Call March 2, 2023 4:45 PM ET Company Participants Sara Penner - Investor Relations Erik Nordstrom - Chief Executive Officer Pete Nordstrom - President & Chief Brand Officer Michael Maher - Chief Accounting Officer Conference Call Participants Brooke Roach - Goldman Sachs Group Matthew Boss - JPMorgan Noah Zatzkin - KeyBanc Blake Anderson - Jefferies Ed Yruma - Piper Sandler Oliver Chen - TD Cowen Operator Greetings, and welcome to the Nordstrom Fourth Quarter 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode.

Nordstrom Inc. (JWN) Q4 2022 Earnings Call Transcript

Nordstrom (JWN) delivered earnings and revenue surprises of 13.85% and 0.17%, respectively, for the quarter ended January 2023. Do the numbers hold clues to what lies ahead for the stock?

Nordstrom (JWN) Q4 Earnings Top Estimates

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While Nordstrom and Costco posted mixed quarters, C3.ai, Broadcom and HPE all beat estimates outright.

Markets Close Higher; JWN, COST, AI & More Report Earnings

The luxury department store chain has 13 locations in Canada and employs about 2,500 people.

Nordstrom to Close, Liquidate Its Canadian Stores

Nordstrom Inc. on Thursday said it would end its business in Canada to help shore up profit after reporting weaker-than-expected sales results and forecasts.

Nordstrom reports weaker quarterly sales and says it's winding down its Canadian business

Nordstrom has struggled with slower sales, more markdowns and pressure from activist investor Ryan Cohen.

Nordstrom earnings top expectations, retailer says it's winding down Canada operations

Nordstrom Inc JWN.N forecast full-year revenue below analysts' expectations on Thursday, signaling high inflation levels were dampening consumer spending on discretionary items, and the retailer said it would discontinue its Canadian operations to drive profitability.

Nordstrom expects weak annual revenue, to wind down Canadian business

Sales and earnings in line with updated fiscal 2022 outlook Entering fiscal 2023 with healthier inventory position, down 15 percent from last year and comparable to 2019 Company provides fiscal 2023 outlook, including plans to wind down Canadian operations to drive profitable growth and enhance shareholder value SEATTLE , March 2, 2023 /PRNewswire/ -- Nordstrom, Inc. (NYSE: JWN) today reported fourth quarter net earnings of $119 million, or $0.74 per diluted share ("EPS"), and earnings before interest and taxes ("EBIT") of $187 million, or 4.5 percent of sales, for the quarter ended January 28, 2023. For the fiscal year ended January 28, 2023, net earnings were $245 million and diluted EPS was $1.51, with EBIT of $465 million, or 3.1 percent of sales.

Nordstrom Reports Fourth Quarter 2022 Earnings, Announces Wind-Down of Canadian Business

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We've got just a few weeks left in earnings season. Soon, we'll hear from Nordstrom (JWN) and Burlington Stores (BURL).

News for Nordstrom Stock (JWN)