MARKET COMPOSITE
JWN - Nordstrom, Inc.8:00:02 PM 3/28/2024
Price
$20.27
+ 0.35 (1.76%)
Nordstrom, Inc. is an American luxury department store chain. Founded in 1901 by John W. Nordstrom and Carl F. Wallin, it originated as a shoe store and evolved into a full-line retailer with departments for clothing, footwear, handbags, jewelry, accessories, cosmetics, and fragrances. Some stores feature home furnishings and wedding departments, and several have in-house cafes, restaurants, and espresso bars. As of 2020, Nordstrom operates 100 stores in 40 U.S. states, and three Canadian provinces since entering the market in 2014. The company opened a store in Puerto Rico in 2015, and exited the market during the COVID-19 pandemic in 2020. The corporate headquarters and flagship store are located in the former Frederick & Nelson building in Seattle, Washington; a second flagship store is located near Columbus Circle in New York City. Its subsidiaries include the off-price department store chain Nordstrom Rack and the members-only online store HauteLook.
Financials
Quarterly financials
(USD)Feb 2024Q/Q
Revenue4.4B+33%
Operating Income190MM-
Operating Expenses4.2B-
Net Income135MM-
G&A1.4B+19%
Interest Expense26MM+8%
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Stock news

    While consumer spending has remained relatively strong through inflation, retailers have struggled to stay relevant, with Macy's (M) announcing it will shutter 150 locations. Discount retailers like The TJX Companies (TJX) and Burlington Stores (BURL), however, have held up as consumers seek sales elsewhere under the pressure of inflation. JLL Americas President of Retail Naveen Jaggi joins Yahoo Finance Live to discuss the state of retail and the consumer, as well as the success of brands like ...

    The drugstore chain closed two distribution centers. Meanwhile, go-private rumors at the department store could have been sparked by Macy’s.

    Nordstrom ( NYSE:JWN ) Full Year 2024 Results Key Financial Results Revenue: US$14.7b (down 5.4% from FY 2023). Net...

    Why Nordstrom Stock Popped Today03-19-2024 23:55:01 PM

    Nordstrom's founding family is exploring options to take the company private.

    But deals for Macy's and Nordstrom might change the dynamic, putting private ownership of major U.S. retailers back in vogue. In its new bid to take Nordstrom private, for example, the Nordstrom founding family wants to keep control of the chain but doesn't want the pressure of having to release quarterly performance as it's trying to figure out its strategy. Nordstrom opened 19 new Nordstrom Rack locations in 2023 and has plans to open an additional 22 stores in 2024, executives told investor...

    Nordstrom shares jumped 9.4 percent on a report that the founding family was considering another run at a buyout.

    Shares of Nordstrom (JWN) are moving higher Tuesday afternoon as, according to a report from Reuters, the Nordstrom founding family is looking to take the company private. A similar effort was made in 2017, but was rejected by the board. Yahoo Finance Reporter Alexandra Canal breaks down the latest development for Nordstrom and what it could mean for the company moving forward. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Edit...

    Shares of luxury department store chain Nordstrom (NYSE:JWN) jumped 13.7% in the morning session after Reuters reported the company's founding family is seeking to take the business private. The report added that Nordstrom is in talks with Morgan Stanley and Centerview Partners as it weighs the interest of other potential private equity firms for a deal. According to sources, there is no certainty an agreement will be reached.

    Nordstrom stock was jumping double-digits Tuesday, following a report that the department store’s founding family was attempting to take the company private again. Shares of Nordstrom were up 11% to $18.99, snapping a three-day losing streak and putting the stock on pace for its largest percentage increase in more than a year, according to Dow Jones Market Data. Reuters reported Tuesday that the Nordstrom family was looking into taking the company private, citing people familiar with the ma...

    U.S. retail stocks Walmart (NYSE:WMT), Amazon (NYSE:AMZN) and Target (NYSE:TGT) are using their delivery services to keep customers coming back. A recent article from Barron’s highlighted how the three companies are winning customers with superior delivery services. Target launched Target Circle 360, a paid service that includes same-day delivery. Walmart’s Walmart+ made one-hour delivery available and Amazon Prime has provided tw0-day delivery for years. “‘Shopping is dynamic, and so are we,’ s