Core Insights - Nordstrom, Inc. (JWN) is committed to expanding its store footprint, with plans to open a Nordstrom Rack in Longmont, CO, in the fall of this year [1] - The new 28,000-square-foot store will enhance the shopping experience in a popular retail area, providing high-quality products at great value [2] - Nordstrom Rack's sales advanced 10.6% year over year to $1.3 billion in the third quarter of fiscal 2024, with comparable sales rising 3.9% [3] Expansion Plans - The Longmont store will increase Nordstrom's presence in Colorado, where it currently operates two Nordstrom stores and eight Nordstrom Rack locations, supporting over 1,400 jobs statewide [4] - A new Nordstrom Rack is also planned for Lake Grove, NY, in fall 2025, aimed at expanding the company's footprint in the New York market [5] Customer Experience and Strategy - Nordstrom is enhancing customer experience through faster delivery and a digital-first strategy, focusing on market share expansion and profitable growth [6] - The company is working on improving efficiency in order fulfillment and plans to introduce more premium brands at Nordstrom Rack [7] Performance Metrics - JWN has seen a stock increase of 12.3% over the past six months, compared to the industry growth of 17.6% [8]

Core Insights - Nordstrom, Inc. plans to open a new Nordstrom Rack in Longmont, Colorado in fall 2025, expanding its presence in the state and enhancing customer access to its offerings [1][2] - The new store will be 28,000 square feet and located in Harvest Junction, a shopping center that includes various popular retailers, indicating a strategic choice for location [1][2] - Nordstrom Rack is a key component of the company's "Closer to You" strategy, which aims to provide a seamless shopping experience across physical and digital platforms [2] Company Expansion - The new Nordstrom Rack location will increase the company's physical footprint in Colorado, where it currently operates two Nordstrom stores and eight Nordstrom Rack stores, contributing to over 1,400 jobs statewide [3] - The addition of Nordstrom Rack is expected to enhance the shopping experience in Longmont by offering high-quality items at significant discounts, up to 70% off on various products [2] Community Engagement - Nordstrom has a commitment to community investment, having donated over $2 million in the past four years to support its partnership with Big Brothers Big Sisters of the United States, focusing on mentorship and community support [4] Company Overview - Nordstrom, Inc. has a long-standing heritage of customer service since its inception as a shoe store in 1901, and it continues to prioritize customer convenience through an interconnected shopping model [5] - The company operates over 350 locations, including Nordstrom, Nordstrom Local, and Nordstrom Rack, alongside digital platforms [5] Real Estate Context - Pine Tree, the owner of Harvest Junction, is a national retail real estate company with a portfolio valued at $2.5 billion and 17 million square feet of open-air retail space across the United States [6]

Shares of Nordstrom, Inc. (JWN) have surged 34.3% in the past year, outperforming the Zacks Retail - Apparel and Shoes industry’s 31.9% growth and S&P 500 index’s 25.2% increase. The broader Retail-Wholesale sector rose 35.4% in a year.  JWN is strictly focused on driving Nordstrom banner growth, optimizing operations and building momentum at Rack. Digital efforts are also underway.Let’s delve deeper.Analyzing JWN’s Core StrengthsNordstrom has been strengthening its digital capabilities, driving growth and ...

Core Viewpoint - Nordstrom (JWN) has been upgraded to a Zacks Rank 1 (Strong Buy), indicating a positive earnings outlook that could favorably impact its stock price [1][3]. Earnings Estimates and Stock Price Impact - The Zacks rating system reflects changes in earnings estimates, which are strongly correlated with near-term stock price movements [4][6]. - Institutional investors often base their valuations on earnings estimates, leading to significant stock price movements when these estimates change [4]. Earnings Estimate Revisions for Nordstrom - Nordstrom is expected to earn $1.97 per share for the fiscal year ending January 2025, representing a year-over-year decline of 7.1% [8]. - Over the past three months, the Zacks Consensus Estimate for Nordstrom has increased by 3.5%, indicating a positive trend in earnings estimates [8]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 stocks generating an average annual return of +25% since 1988 [7]. - Only the top 5% of Zacks-covered stocks receive a 'Strong Buy' rating, indicating superior earnings estimate revisions [9][10].

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Nordstrom (JWN) , which belongs to the Zacks Retail - Apparel and Shoes industry.When looking at the last two reports, this department store operator has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 36.60%, on average, in the last two quarters.For the most recent quarter, Nordstrom was expected to post earning ...

SEATTLE, Jan. 30, 2025 /PRNewswire/ -- Seattle-based fashion retailer Nordstrom, Inc. (NYSE: JWN) announced plans to open a new Nordstrom Rack in Lake Grove, NY in fall 2025. "We look forward to being a part of the Lake Grove 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 New York market and introduce new customers to the Nordstrom experience." Lionello added that in ...

Core Insights - Nordstrom, Inc. reported a strong holiday sales performance, with total net sales increasing by 4.9% and comparable sales rising by 5.8% for the nine-week period ending January 4, 2025, compared to the previous year [2][6] - The company has raised its full-year sales outlook for fiscal 2024, anticipating revenue growth of 1.5% to 2.5% compared to fiscal 2023, despite the absence of a 53rd week impacting the top line by 135 basis points [6][7] - Nordstrom Rack showed particularly strong performance, with net sales increasing by 7.4% and comparable sales growing by 4.3%, indicating solid results in the off-price segment [3][4] Sales Performance - For the Nordstrom banner, net sales grew by 3.7% and comparable sales rose by 6.5%, driven by strong customer demand [3][4] - The overall holiday results exceeded the company's cautious expectations, attributed to increased consumer engagement and effective sales strategies [2][4] Strategic Initiatives - Nordstrom is enhancing its digital capabilities and leveraging technology to streamline operations, improve inventory management, and provide seamless shopping experiences [5][12] - The company is focused on a long-term strategy that capitalizes on its digital-first platform to better serve customers and gain market share [5][12] Earnings Estimates - Analysts have revised their earnings estimates upward, with the current quarter's estimate increasing by 2 cents to $1.97 per share and the next quarter's estimate also rising by 2 cents to $2.00 per share [8][9] - The Zacks Consensus Estimate for current and next quarter's sales is projected at $14.96 billion and $15.14 billion, respectively, indicating year-over-year growth of 1.8% and 1.2% [9] Valuation and Stock Performance - Nordstrom's stock is trading at a forward 12-month price-to-earnings ratio of 12.09, below the industry average of 19.20, suggesting it is undervalued compared to peers [15] - Over the past six months, Nordstrom's stock has increased by 14.7%, outperforming the S&P 500 index's growth of 12.8% but lagging behind the industry's growth of 29.5% [17] Growth Drivers - Key growth drivers include the strong performance of Nordstrom Rack, strategic efforts to increase brand penetration, and improved alignment of offerings with customer demand [11][12] - Ongoing investments in supply chain optimization and inventory efficiency are expected to support profitable growth and long-term shareholder value [12][14]

Store Expansion and Strategy - Nordstrom Inc is expanding its physical presence with new Nordstrom Rack stores in Estero FL Coral Springs Melbourne and Lakeland this fall [1][2] - The new Estero location will be in Coconut Point a shopping center with over 110 stores offering an enhanced shopping experience [1] - The company currently operates six Nordstrom stores and 19 Nordstrom Rack stores in Florida generating over 2800 jobs statewide [2] - Nordstrom Rack targets value-conscious shoppers and is a key part of the company's Closer to You strategy [3] Financial Performance and Growth - Nordstrom Rack sales increased 106% year over year to $13 billion in Q3 fiscal 2024 with comparable sales up 39% [3] - The company is focused on improving Rack performance increasing inventory productivity and optimizing the supply chain [5] - Nordstrom shares have gained 392% in the past year compared to the industry's 403% growth [8] Digital and Operational Enhancements - Nordstrom Rack's digital channel differentiates it in off-price retail offering customers flexibility in shopping [4] - The company is reducing transportation costs and delivery times while enhancing services like faster delivery [4] - Nordstrom is increasing premium brand offerings at Rack improving assortment and brand awareness [4] Retail Industry Highlights - Deckers (DECK) sports a Zacks Rank 1 with current financial-year sales expected to grow 136% and an average earnings surprise of 411% in the trailing four quarters [11] - Boot Barn (BOOT) carries a Zacks Rank 2 with current financial-year sales expected to grow 134% and a trailing four-quarter earnings surprise of 68% [12] - Urban Outfitters (URBN) carries a Zacks Rank 2 with current financial-year sales expected to grow 66% and an average earnings surprise of 228% in the trailing four quarters [13]

Discover the world of Nuna at Nordstrom NYC with exclusive access to experts and products NEW YORK, Jan. 16, 2025 /PRNewswire/ -- Nordstrom invites customers to celebrate their growing families and the love, joy and special moments of this time in their lives with the launch of Nuna at The Corner, a limited-time pop-up shop offering market-leading service and Nuna's beautifully designed, timeless pieces. The pop-up will also feature the product line-up of impact-tested pet car seats from Tavo Pets. The shop ...

Momentum investing is essentially the opposite of the tried-and-tested Wall Street adage -- "buy low and sell high." Investors following this investing style typically avoid betting on cheap stocks and waiting long for them to recover. They believe instead that one could make far more money in lesser time by "buying high and selling higher."Who doesn't like betting on fast-moving trending stocks? But determining the right entry point isn't easy. Often, these stocks lose momentum once their valuation moves a ...