Profile
Sector:
Consumer CyclicalIndustry:
Department StoresCountry:
United StatesIPO:
17 March 1980Website:
http://press.nordstrom.comNext earnings report:
23 August 2024Last dividends:
04 June 2024Next dividends:
N/APrice
after hours | Wed, 03 Jul 2024 20:51:02 GMTAnalysts recommendations
Institutional Ownership
JWN Latest News
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'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.
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 (JWN) looks promising, backed by its long-term growth strategy, supply-chain optimization initiatives and focus on bolstering Nordstrom Rack's performance.
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'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, 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.
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) 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.
Nordstrom Inc. JWN, -2.23% shares fell 7.3% in extended trades Thursday after the company reported a wider-than-expected first-quarter loss although revenue topped analysts' estimate. The department-store chain reported a net loss of $39 million, or a loss of 24 cents a share.
What type of business is Nordstrom?
Nordstrom, Inc. is an American retailer of fashionable clothing, offering clothing, shoes, cosmetics, and accessories for women, men, youth, and children. The company was founded in 1901, and is headquartered in Seattle, Washington. Nordstrom, Inc. offers a wide range of high-quality products under its own brand through various channels, such as Nordstrom's flagship stores and the online store at Nordstrom.com. The company operates 378 stores in 40 states in the USA, Canada, and Puerto Rico, 247 Nordstrom Rack stores, 3 Jeffrey boutiques, 2 outlets, 5 Trunk Club clubhouse locations, and 5 Nordstrom Local service centers.
What sector is Nordstrom in?
Nordstrom is in the Consumer Cyclical sector
What industry is Nordstrom in?
Nordstrom is in the Department Stores industry
What country is Nordstrom from?
Nordstrom is headquartered in United States
When did Nordstrom go public?
Nordstrom initial public offering (IPO) was on 17 March 1980
What is Nordstrom website?
https://press.nordstrom.com
Is Nordstrom in the S&P 500?
No, Nordstrom is not included in the S&P 500 index
Is Nordstrom in the NASDAQ 100?
No, Nordstrom is not included in the NASDAQ 100 index
Is Nordstrom in the Dow Jones?
No, Nordstrom is not included in the Dow Jones index
When does Nordstrom report earnings?
The next expected earnings date for Nordstrom is 23 August 2024