Core Viewpoint - Nordstrom, Inc. (JWN) has shown strong performance with a 34.3% increase in shares over the past year, outperforming both the Zacks Retail-Apparel and Shoes industry and the S&P 500 index [1] Group 1: Digital Transformation and Sales Growth - The company has been enhancing its digital capabilities, resulting in a 6% increase in digital sales during the third quarter of fiscal 2024, which accounted for 34% of total sales [2][4] - Digital sales growth was supported by expanded product assortments, improved search tools, and high in-stock availability, although the timing shift of the Anniversary Sale negatively impacted sales by approximately 100 basis points [2][4] - Nordstrom's digital transformation initiative aims to improve data accessibility and accelerate the adoption of generative AI solutions, expected to be completed by year-end [3][4] Group 2: Rack Banner Expansion - The company is focused on increasing brand penetration and productivity at its Rack banner, aiming to reduce transportation costs and delivery times while enhancing services [5] - Efforts include introducing more premium brands and improving assortment and brand awareness at Rack, with its digital channel serving as a differentiator in the off-price retail sector [5] Group 3: Operational Efficiency and Customer Experience - Nordstrom is redefining its flagship brand to offer a trendy look and high-quality assortment, while also improving distribution capabilities and connectivity between physical and digital inventory [6] - The company is committed to driving efficiency and enriching the customer experience through initiatives like faster delivery and personalized services [6] Group 4: Valuation and Analyst Outlook - JWN stock is currently trading at a forward price/earnings ratio of 12.3, which is lower than the industry average of 20.19, indicating an attractive valuation [9] - Analysts have a positive outlook, with the Zacks Consensus Estimate for 2025 sales and earnings per share projected at $15.21 billion and $2.01, reflecting year-over-year growth of 1.5% and 1.7% respectively [11]

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 ...

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 ...