Nordstrom (JWN) Stock

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Nordstrom's strong holiday sales and strategic growth initiatives at Nordstrom Rack and in digital position it for continued success and long-term growth.

JWN intends to open a Nordstrom Rack in Estero, FL, in fall of this year. Its store-expansion efforts are on track.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

SEATTLE , Jan. 15, 2025 /PRNewswire/ -- Seattle-based fashion retailer  Nordstrom, Inc. (NYSE: JWN) announced plans to open a new  Nordstrom Rack in Estero, Florida in fall 2025. "We look forward to being a part of the Estero community and serving our customers with an amazing offering of great brands at great prices," said Gemma Lionello, President of Nordstrom Rack.

JWN raises its fiscal 2024 revenue outlook, forecasting 1.5-2.5% growth and improved comparable sales, after stronger-than-expected holiday sales.

Telsey Advisory Group analyst Dana Telsey maintained a Market Perform rating on Nordstrom Inc JWN with a price target of $24.00.

Nordstrom raised its full-year sales outlook after holiday spending came in better than expected at its website and stores. Yet the department store operator stuck by its profit outlook.

SEATTLE , Jan. 10, 2025 /PRNewswire/ -- Nordstrom, Inc. (NYSE: JWN) today announced a total Company net sales increase of 4.9 percent and a comparable sales increase of 5.8 percent for the nine-week holiday period ended January 4, 2025, compared with the nine weeks ended December 30, 2023. For the Nordstrom banner, net sales increased 3.7 percent and comparable sales increased 6.5 percent, while Nordstrom Rack banner net sales increased 7.4 percent and comparable sales increased 4.3 percent.