Nordstrom's holiday-quarter sales topped Wall Street's expectations on Tuesday, but the retailer gave a muted outlook for the year ahead. The Seattle-based company said it plans to open new Nordstrom Rack stores and drive higher online and in-store sales in the coming year. Yet it said full-year revenue, including retail sales and credit cards, will range from a 2% decline to a 1% gain compared with the previous year. That forecast includes a more than 1% hit from having one fewer week in the fiscal year.No ...

For the fourth quarter, total Company net sales increased 2.2 percent versus the same period in fiscal 2022, inclusive of approximately $190 million related to the 53rd week, and gross merchandise value ("GMV") increased 2.0 percent. Nordstrom banner net sales decreased 3.0 percent and GMV decreased 3.4 percent compared with the fourth quarter of 2022. Net sales for Nordstrom Rack increased 14.6 percent. "We delivered on our 2023 guidance and are confident in our expectations for continued sales improvement ...

Nordstrom, Inc. (JWN) is scheduled to release fourth-quarter fiscal 2023 results on Mar 5 after the closing bell. This fashion specialty retailer is expected to have witnessed revenue and earnings growth in the to-be-reported quarter.The Zacks Consensus Estimate for fiscal fourth-quarter earnings is pegged at 90 cents per share, suggesting an increase of 21.6% from the year-ago quarter’s reported figure. The consensus mark for earnings has moved down a penny in the past 30 days. The consensus estimate for r ...

Analysts on Wall Street project that Nordstrom (JWN) will announce quarterly earnings of $0.90 per share in its forthcoming report, representing an increase of 21.6% year over year. Revenues are projected to reach $4.4 billion, increasing 2% from the same quarter last year.The current level reflects a downward revision of 26.2% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections ove ...

Nordstrom (JWN) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended January 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on March 5. On ...

Nordstrom, Inc. (JWN) has been making efforts to drive efficiency and improve customer experience via faster order fulfillment. In addition, its focus on Nordstrom Rack bodes well. The company has been making improvements in the Nordstrom Rack banner, driven by strategic brand penetration increases.In recent developments, management unveiled plans to open a Nordstrom Rack in Manalapan Township, NJ in spring 2025. With a span of 26,000 square feet, this store will be situated in Manalapan Commons, a renowned ...

SEATTLE, Feb. 13, 2024 /PRNewswire/ -- Seattle-based fashion retailer Nordstrom, Inc. (NYSE: JWN) announced plans to open a new Nordstrom Rack in Manalapan Township, New Jersey in spring 2025. "We look forward to being a part of the Manalapan Township community and serving our customers with an amazing offering of great brands at great prices," said Gemma Lionello, President of Nordstrom Rack Stores. "We're excited to grow our footprint in the region and introduce new customers to the Nordstrom experience." ...

SEATTLE, Feb. 6, 2024 /PRNewswire/ -- Seattle-based fashion retailer Nordstrom, Inc. (NYSE: JWN) announced plans to open a new Nordstrom Rack in Geneva, Illinois in spring 2025. "We look forward to being a part of the Geneva community and serving our customers with an amazing offering of great brands at great prices," said Gemma Lionello, President of Nordstrom Rack Stores. "We're excited to grow our footprint in the region and introduce new customers to the Nordstrom experience."   Lionello added that in t ...

Nordstrom, Inc. (JWN) is set to expand its footprint in North Carolina with the opening of Rack stores in Raleigh and Matthews. These additions, scheduled to open in fall 2024 and spring 2025, respectively, are part of the company's strategic growth in the region, offering a blend of quality retail experience and community engagement. Image Source: Zacks Investment Research Detailed Overview of New Store LocationsIn Raleigh, the new store spans 32,000 square feet within the bustling Triangle Town Place. Thi ...

SEATTLE, Jan. 30, 2024 /PRNewswire/ -- Seattle-based fashion retailer Nordstrom, Inc. (NYSE: JWN) announced plans to open two new Nordstrom Rack stores in North Carolina. The new stores will be located in Raleigh and Matthews, which will open in fall 2024 and spring 2025, respectively. "We look forward to being a part of the Raleigh and Matthews communities and serving our customers with an amazing offering of great brands at great prices," said Gemma Lionello, President of Nordstrom Rack Stores. "We're exc ...