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

Earnings data Q1 2021

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Earnings data Q1 2022

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Earnings data Q1 2023

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Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 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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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).

Previewing Burlington's and Nordstrom's Upcoming Earnings

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Earnings Previews: ChargePoint, Costco, Nordstrom

Nordstrom's (JWN) Q4 results are likely to reflect the impacts of a soft holiday season, resulting from high promotions and sluggish sales from the pre-pandemic levels.

Factors to Decide the Fate of Nordstrom (JWN) in Q4 Earnings

Nordstrom (JWN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Nordstrom (JWN) Q4 Earnings Expected to Decline

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Retail ETFs in Focus As Big-Box Q4 Earnings Unfold

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SEATTLE , Feb. 16, 2023 /PRNewswire/ -- Nordstrom, Inc. (NYSE: JWN) announced that it will report its fourth quarter 2022 financial results after the close of the financial markets on Thursday, March 2, 2023. The announcement will be followed by a conference call at 4:45 p.m.

Nordstrom to Report Fourth Quarter 2022 Financial Results on March 2

Errik Nordstrom has failed despite the support his management team has given him.

Nordstrom Must Change Its CEO

The sharp decline was a reaction to the company's big pop on Friday.

Why Nordstrom Stock Plummeted Today

Last week's report that activist investor Ryan Cohen is taking a large stake in Nordstrom Inc. sent the company's stock rocketing, sparking talk that the retailer could join the list of so-called meme stocks.

Nordstrom's ‘poison pill' and insider ownership limit activist investor's options, analyst says

Nordstrom shares surged Friday morning to close more than 24% higher at close of play, before a slight pull back Monday after news that meme king Ryan Cohen had upped his holding in the retailer.

Cohen At It Again, As Meme King Sends Nordstrom Stock Surging

Nordstrom Inc.'s stock pulled back before market open Monday after surging last week following a report that activist investor Ryan Cohen is taking a large stake in the retailer.

Nordstrom stock pulls back after rocketing on reported Ryan Cohen stake

The stock price of Nordstrom Inc (NYSE: JWN) surged by 24.79% in the most recent trading session. This is why.

JWN Stock: 24.79% Surge Explained

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2 Consumer Stocks Absolutely Crushed the Falling Market Friday

Nordstrom Inc. ( JWN , Financial) has seen its shares drop steadily for the past couple of years, and for good reason. The big-box retailer mainly sells luxury goods to the middle class, and as consumers struggle with the rapidly rising cost of living among high inflation everywhere from housing to food and electricity, even the middle class is beginning to see lower disposable income.

Nordstrom Soars 20% on Ryan Cohen's Buy; It's Still Dirt Cheap

Nordstrom (NYSE: JWN ) is turning a few heads on Friday, with shares up more than 20% so far on the day. Even though shares are soaring on Friday — and are now up close to 40% on the week — Nordstrom stock seems to be flying under the radar.

Nordstrom Stock: Ryan Cohen Just Created the Newest Meme Stock

Shares for the department store chain Nordstrom spiked following reports that meme-stock investor Ryan Cohen was purchasing more shares of the company.

Nordstrom responds to activist Ryan Cohen

Ryan Cohen has reportedly amassed the large Nordstrom stake in an effort to boot Mark Tritton for his role in deciding the compensation for Nordstrom family members.

Meme investor Ryan Cohen reportedly sparks 25% surge in Nordstrom shares

Ryan Cohen's appearance sent the department store chain's shares surging briefly, but the meme-stock king's aura and influence aren't what they used to be.

Nordstrom Gets the Diamond-Hands Treatment

Nordstrom Inc.'s stock surged more than 22% Friday following a report that activist investor Ryan Cohen is taking a large stake in the retailer.

Ryan Cohen and Nordstrom: Another meme stock in the making?

Activist investor seeks to oust Mark Tritton—who was also his focus at Bed Bath & Beyond—from Nordstrom's board.

Activist Ryan Cohen Targets a Familiar Foe at Nordstrom

Nordstrom Inc (NYSE: JWN) opened 30% up this morning following reports that Ryan Cohen has built a sizable stake in the luxury department store chain.

News for Nordstrom Stock (JWN)