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 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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SEATTLE, July 20, 2021 /PRNewswire/ -- Today, Nordstrom, the leading fashion retailer announced Farrell Redwine as its new Chief Human Resources Officer. She will join the executive team and report to Nordstrom CEO Erik Nordstrom.

Nordstrom Announces New Chief Human Resources Officer Farrell Redwine

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As Americans emerge from their homes and return to offices, weddings and college campuses, Nordstrom is betting they'll require a brand new wardrobe.

Nordstrom's big annual sale is here, and the department store chain needs a boost now more than ever

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Nordstrom has acquired a minority interest in on-line retailer Asos and thus a minority interest in Topshop, Topman, Miss Selfridge and HIIT.

Nordstrom Wants Younger Customers – Buys Stake In Topshop With Asos Joint Venture

Nordstrom (JWN) invests in a UK-based online fashion company, ASOS's iconic brands to deliver growth. Management looks to drive innovation for shoppers.

Nordstrom (JWN) Buys a Minority Stake in ASOS's Four Brands

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In an attempt to attract younger consumers, Nordstrom has acquired a minority stake in ASOS Holdings, whose portfolio includes the Topshop, Topman, Miss Selfridge and HIIT brands.

Nordstrom And Asos Announce A Joint Venture Aimed At Attracting Gen Z

US department store chain will put fashion brand's clothing back in brick and mortar shops

Asos strikes deal with Nordstrom to sell Topshop in US stores

Nordstrom Inc (NYSE:JWN) is in the spotlight today, after the retailer announced a collaboration with British fashion brand Asos.

Nordstrom Stock in the Spotlight on Joint Venture

Nordstrom has obtained a minority stake in the Topshop, Topman, HIIT and Miss Selfridge labels. Its investment will fuel the expansion of the brands around the world, according to a Monday (July 12) announcement from Nordstrom and British fashion retailer ASOS.

Nordstrom Invests In Topman, Topshop Fashion Labels

Luxury department store chain Nordstorm Inc (NYSE: JWN) has acquired a minority stake in the Topshop, Topman, Miss Selfridge and HIIT brands of ASOS plc, a British online fashion and cosmetic retailer, for an undisclosed sum. ASOS will retain operational and creative control of the Topshop brands and a shared ownership model will ensure close collaboration between the U.S. retailer and ASOS.

Nordstrom Buys Minority Stake In Topshop, Topman, Miss Selfridge, HIIT Brands Of ASOS For Undisclosed Sum

Nordstrom Inc. announced Monday that it has taken a minority interest in four brands run by online retailer Asos: Topshop, Topman, Miss Selfridge and HIIT. Asos will continue to have creative and operational control of Topshop brands, but Asos and Nordstrom will have a shared ownership model.

Nordstrom takes stake in Asos brands including Topshop

SEATTLE, July 12, 2021 /PRNewswire/ -- Today, Nordstrom (NYSE: JWN) and ASOS announced that Nordstrom has acquired a minority interest in the Topshop, Topman, Miss Selfridge and HIIT brands. This investment will help drive the growth of these brands globally, setting the stage for Nordstrom and ASOS to sit alongside a new wider strategic partnership.

Nordstrom and ASOS Announce Game-changing Joint Venture

Nordstrom will take a minority stake in Asos' Topshop, Topman, Miss Selfridge, and HIIT brands to grow these in the US.

Nordstrom partners with online fashion giant Asos to bring new brands to its stores as it looks to woo younger shoppers

British online fashion retailer ASOS will sell Topshop apparel at Nordstrom stores in a joint venture with the department store chain, it said on Monday, in an effort to reach more U.S. and Canadian customers.

Britain's ASOS to sell Topshop apparel at Nordstrom stores in U.S. push

ASOS PLC (LON:ASC) said it has formed a joint venture with US-based multi-channel retailer, Nordstrom, which will take a minority stake in Topshop, Topman, Miss Selfridge and HIIT. The plan is to help the brands, acquired earlier this year, grow in the US and Canadian markets.

ASOS to expand Topshop presence in North America with Nordstrom partnership

Nordstrom has acquired a minority stake in four brands owned by the online U.K. fashion house Asos, including Topshop and Topman.

Nordstrom buys stake in four apparel brands owned by U.K. fashion house Asos, in bid for younger shoppers

Nordstrom has acquired a minority stake in the fashion brands Topshop, Topman, Miss Selfridge and HIIT through a deal with UK online giant Asos, in the Seattle-based retailer's latest bid to boost its digital business and appeal to millennials.

Nordstrom buys stake in Topshop and Topman fashion brands in deal with UK online giant Asos

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Macroeconomic news continued to weigh on the sector.

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Although comparisons with pre-pandemic levels remain drab, Nordstrom's (JWN) market strategy, online strength and demand recovery are likely to aid growth in the near term.

Nordstrom (JWN) Down 7.6% in 3 Months: Will the Stock Revive?

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