In this article Signage of Macy's, Kohl's and Nordstrom retail stores. Getty Images Department stores are aging — and so are their customers. For over a century, the stores won over multiple generations with a promise to sell shoppers a wide variety of everything. For many Millennial and Gen Z consumers, that hasn't been enough — especially as they discover items on social media and specialty retailers, big-box stores and online players steal away sales. Department stores like Macy's, Kohl's and Nordstrom f ...

During the fourth quarter of fiscal 2023, the company witnessed impressive sales growth as Rack comparable- store sales rose in high single digits. Also, the Rack digital business improved in traffic and conversion. During fiscal 2023, it introduced 19 stores and intends to open 22 outlets in fiscal 2024. Going ahead, it further intends to roll out to more markets. Additionally, Nordstrom is making efforts to enhance the customer experience through faster delivery. The company delivered more than 50 basis p ...

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Nordstrom (JWN) . This company, which is in the Zacks Retail - Apparel and Shoes industry, shows potential for another earnings beat.This department store operator has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past tw ...

Nordstrom, Inc. (JWN) has announced plans to open a Nordstrom Rack location in Apple Valley, MN, by spring 2025. This move is part of the company's strategy to expand its market presence in the Minneapolis area and introduce more customers to its unique shopping experience.The new 30,000-square-foot store will be situated in Fischer Marketplace, a well-known shopping center that houses a variety of other retail outlets, including Fresh Thyme, Ulta Beauty and Michaels. Located conveniently off County Road 42 ...

SEATTLE, May 6, 2024 /PRNewswire/ -- Seattle-based fashion retailer Nordstrom, Inc. (NYSE: JWN) announced plans to open a new Nordstrom Rack in Apple Valley, Minnesota in spring 2025.  "We look forward to being a part of the Apple Valley community and serving our customers with an amazing offering of great brands at great prices," said Gemma Lionello, President of Nordstrom Rack. "We're excited to grow our footprint in the Minneapolis market and introduce new customers to the Nordstrom experience."   Lionel ...

Nordstrom will roll out a new digital marketplace on its website, Nordstrom.com, along with an enhanced search feature.The marketplace will provide the luxury retailer’s customers with a wider selection of products, brands and sizes, while allowing its brand partners to showcase more of their products, Nordstrom said in a Monday (April 29) blog post.“Nordstrom’s digital marketplace represents one way we are expanding our online assortment beyond traditional wholesale partnerships,” Miguel Almeida, president ...

A sign indicates Nordstrom and its founding date. Nordstrom is headquartered in Seattle, ... [+] Washington.GettyIt’s a repeat effort. After a try in 2017, the two Nordstrom brothers are trying again to take their company private and out of the limelight. Erik Nordstrom, CEO and Pete Nordstrom, President and Chief Brand officer, have initiated the formal action by appointing a special committee to “carefully evaluate the Nordstrom offer and any other offers from other parties.”The company, which went public ...

Nordstrom’s CEO Erik Nordstrom and President Pete Nordstrom have told the retailer’s board that they’re interested in taking the company private.As a result, the board has formed a special committee of independent and disinterested directors that will evaluate any proposals from those executives and from other parties, the company said in a Thursday (April 18) press release.The CEO and president expressed their interest while the board was in the process of exploring possible avenues to enhance shareholder ...

A sign marks the location of a Nordstrom store in a shopping mall on March 20, 2024 in Chicago, Illinois.The Nordstrom family is once again considering taking the department store private and has formed a special committee to evaluate bids, it announced on Thursday. CEO Erik Nordstrom and president Pete Nordstrom recently told the company's board of directors that it's interested in pursuing a take private deal for the 123-year-old department store, Nordstrom said in a news release. As a result, the board f ...

Nordstrom Inc. (JWN) success story hinges on the advancements made in fiscal 2023 toward enhancing customer experience and bolstering financial performance. In fiscal 2023, Nordstrom remained focused on improving its merchandise assortment by effectively managing its inventory levels, and making strategic investments in products and brands that align with customer preferences.The company achieved robust results in fiscal 2023 mainly backed by its focus on three priorities, including improving Nordstrom Rack ...