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 Q4 2021

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Earnings data Q1 2024

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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 is closing two corporate offices and asking some employees to relocate to its Seattle headquarters, GeekWire has learned.

Nordstrom closing corporate offices in Los Angeles and Chicago

SEATTLE , Aug. 13, 2024 /PRNewswire/ -- Seattle-based fashion retailer Nordstrom, Inc. (NYSE: JWN) announced plans to open a new  Nordstrom Rack  in Morrisville, North Carolina in spring 2025. "We look forward to being a part of the Morrisville community and serving our customers with an amazing offering of great brands at great prices," said Gemma Lionello, President of Nordstrom Rack.

Nordstrom Rack to Open New Location in Morrisville, North Carolina

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SEATTLE , Aug. 6, 2024 /PRNewswire/ -- Nordstrom, Inc. (NYSE: JWN) announced that it will report its second quarter 2024 financial results after the close of the financial markets on Tuesday, August 27, 2024. The announcement will be followed by a conference call at 4:45 p.m.

Nordstrom to Report Second Quarter 2024 Financial Results on August 27

Nordstrom (JWN) redesigns its flagship brand to give it a trendy look. The company is focused on improving the Nordstrom Rack banner as well.

Nordstrom (JWN) Growth Moves Aid: Should You Hold the Stock?

Nordstrom (JWN) plans to open a 31,000-square-foot Nordstrom Rack in Coral Springs, FL, in fall 2025, offering a wide range of high-quality brands at affordable prices.

Nordstrom (JWN) to Open New Rack Store in Coral Springs, Florida

SEATTLE , July 9, 2024 /PRNewswire/ -- Seattle-based fashion retailer Nordstrom, Inc. (NYSE: JWN) announced plans to open a new  Nordstrom Rack in Coral Springs, Fla. in fall 2025.

Nordstrom Rack to Open New Location in Coral Springs, Florida

The Wall Street Journal just broke the news that luxury retail leaders Saks Fifth Avenue and Neiman Marcus Group (NMG) have reached a merger agreement. Saks will pay $2.65 billion to acquire NMG and its 36 department stores, two Bergdorf Goodman locations and five Last Call outlets.

Nordstrom May Be Surprise Winner From Saks-Neiman Marcus Merger

Nordstrom's (JWN) expansion in Texas highlights its commitment to growing its presence. The new store in Westchase Shopping Center, with its focus on customer service, is expected to attract many shoppers.

Nordstrom (JWN) Prepares to Open a Rack Store in Houston

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SEATTLE , June 25, 2024 /PRNewswire/ -- Seattle-based fashion retailer Nordstrom, Inc . (NYSE: JWN) announced plans to open a new  Nordstrom Rack  in Houston in spring 2025.

Nordstrom Rack to Open New Location in Houston

Nordstrom (JWN) looks promising, backed by its long-term growth strategy, supply-chain optimization initiatives and focus on bolstering Nordstrom Rack's performance.

Nordstrom (JWN) on Track With Long-Term Plans: Apt to Hold?

Nordstrom (JWN) plans to open a 25,000-square-foot Nordstrom Rack in Tarzana, CA, by fall 2024, offering online order pick-up and easy returns.

Nordstrom (JWN) to Open Rack Store in California's Tarzana

SEATTLE , June 18, 2024 /PRNewswire/ -- Seattle-based fashion retailer  Nordstrom, Inc . (NYSE: JWN) announced plans to open a new  Nordstrom Rack  in Tarzana, California in fall 2024.

Nordstrom Rack to Open New Location in Tarzana, California

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Nordstrom's off-price business, Rack, has outperformed the rest of the company, leading to mixed views on its future growth. Rack's sales growth has been driven by consumers returning to the business, attracted by improved merchandise and store experience. However, the growth in Rack may put pressure on margins, and the company's high debt levels and operational challenges remain concerns.

Nordstrom: Promising Sales Growth, But Margin Pressures Remain A Challenge

Nordstrom, Inc. is expected to benefit from the current macro environment of weak consumer spending due to inflation and high interest rates. The company's discount store business, Nordstrom Rack, reported strong growth and outperformed other off-price retailers in the US. While Nordstrom reported a disappointing EPS miss, the gross margin contraction is believed to be temporary and not reflective of the underlying business.

Nordstrom: Negative Macro Outlook Is Good For Business

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Last Thursday was a tough day for analysts. During the day, several companies reported their recent quarterly results, and there was a lot to absorb. Every company we surveyed discussed the fact that inflation affected sales, and that customers were very selective in order to save money. However, technological advances which are expected to be released this fall gave retailers confidence of a strong fall season.

What I Learned From Costco, Best Buy, The Gap, Kohl's, Nordstrom And Ulta Beauty Last Thursday

Nordstrom's (JWN) Q1 results reflect gains from momentum across both banners and strong digital sales, offset by a softer-than-expected gross margin that weighed on the bottom-line performance.

Nordstrom (JWN) Q1 Loss Hurts Stock, Revenues Beat Estimates

Nordstrom Inc.'s Rack business featured prominently in the company's first-quarter results Thursday as the department-store chain targets the off-price stores as a growth driver.

Nordstrom taps Rack as growth driver, tackles external theft in its transportation network

Nordstrom (JWN) reported a wider-than-expected loss for the first quarter but beat analysts' estimates for revenue as sales at its off-price Nordstrom Rack stores jumped. Shares of Nordstrom initially fell before turning higher in early trading Friday.

Nordstrom Stock Turns Higher as Retailer Gets a Boost From Its Rack Stores

Nordstrom, Inc. (NYSE:JWN ) Q1 2024 Earnings Conference Call May 30, 2024 4:45 PM ET Company Participants Jamie Duies - Head, Investor Relations Erik Nordstrom - Chief Executive Officer Pete Nordstrom - President Cathy Smith - Chief Financial Officer Conference Call Participants Brooke Roach - Goldman Sachs Simeon Siegel - BMO Capital Markets Warren Chang - Evercore ISI Carla Casella - JPMorgan Tracy Kogan - Citi Arian Razai - Guggenheim Securities Ryan Bulger - Gordon Haskett Blake Anderson - Jefferies Operator Greetings. And welcome to the Nordstrom First Quarter 2024 Earnings Conference Call.

Nordstrom, Inc. (JWN) Q1 2024 Earnings Call Transcript

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Ahead of tomorrow's PCE report, shares in the regular session sold off. Things changed after several companies reported late.

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The headline numbers for Nordstrom (JWN) give insight into how the company performed in the quarter ended April 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Nordstrom (JWN) Reports Q1 Earnings: What Key Metrics Have to Say

As retailers look for ways to boost sales with their most loyal customers, Nordstrom is finding that supplementing its digital loyalty program with in-person events is driving engagement.

Nordstrom Sees Exclusive Events Drive Luxury Shoppers' Loyalty

Nordstrom (JWN) came out with a quarterly loss of $0.24 per share versus the Zacks Consensus Estimate of a loss of $0.08. This compares to earnings of $0.07 per share a year ago.

News for Nordstrom Stock (JWN)