SEATTLE, Jan. 15, 2025 /PRNewswire/ -- Seattle-based fashion retailer Nordstrom, Inc. (NYSE: JWN) announced plans to open a new Nordstrom Rack in Estero, Florida in fall 2025."We look forward to being a part of the Estero 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 Fort Myers market and introduce new customers to the Nordstrom experience."Lionello added that in thi ...

Nordstrom, Inc. (JWN) , the Seattle-based fashion retailer, has announced an upward revision to its revenue expectations for fiscal 2024, showcasing positive momentum, robust demand and comparable growth.Nordstrom has raised its full-year sales outlook following stronger-than-anticipated holiday shopping performance across its stores and online platforms. The robust holiday results exceeded the company's cautious expectations, driven by increased consumer engagement and successful sales strategies during th ...

Telsey Advisory Group analyst Dana Telsey maintained a Market Perform rating on Nordstrom Inc JWN with a price target of $24.00.For the nine-week period ending January 4, 2025, the company reported a 4.9% year-over-year increase in total net sales, outperforming the previous consensus estimate of a 4.7% decline for the fourth quarter, per the analyst.Same-store sales at the group level rose by 5.8% year-over-year, surpassing the consensus estimate of a 3.5% decline for the quarter.Following stronger-than-an ...

Nordstrom on Friday raised its full-year sales outlook, after holiday shopping at its stores and on its website came in stronger than the department store's cautious expectations.The company stuck by its profit guidance, despite the higher sales guidance.The Seattle-based retailer said it now expects full-year revenue growth of 1.5% to 2.5%, including the impact of having one fewer fiscal week. That compares to its previous outlook of flat to up 1%.Nordstrom struck a conservative note with its outlook in la ...

SEATTLE, Jan. 10, 2025 /PRNewswire/ -- Nordstrom, Inc. (NYSE: JWN) today announced a total Company net sales increase of 4.9 percent and a comparable sales increase of 5.8 percent for the nine-week holiday period ended January 4, 2025, compared with the nine weeks ended December 30, 2023. For the Nordstrom banner, net sales increased 3.7 percent and comparable sales increased 6.5 percent, while Nordstrom Rack banner net sales increased 7.4 percent and comparable sales increased 4.3 percent."As a result of o ...

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Nordstrom, Inc. (JWN) , emerges as an attractive value opportunity in the  Retail - Apparel and Shoes industry, trading at a forward 12-month price-to-earnings ratio of 12.20X, below the industry average of 20.44X and the Retail-Wholesale average of 25.17X. The stock is undervalued compared with its industry peers, offering compelling value to investors looking for exposure to the Retail-Wholesale sector.JWN P/E Performance Image Source: Zacks Investment Research The Seattle-based fashion retailer, JWN’s st ...

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