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 ...

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 ...

Group 1: Momentum Investing Overview - Momentum investing involves following a stock's recent trend, with the aim of buying high and selling higher, capitalizing on established price movements [1] - The Zacks Momentum Style Score helps identify stocks with strong momentum, taking into account price changes and earnings estimate revisions [4][5] Group 2: Nordstrom (JWN) Performance - Nordstrom currently holds a Momentum Style Score of A and a Zacks Rank of 2 (Buy) [2][5] - Over the past week, JWN shares increased by 5.82%, while the Zacks Retail - Apparel and Shoes industry declined by 1.16% [7] - In the last month, JWN's price change was 6.61%, outperforming the industry's 0.54% [7] - Over the past quarter, JWN shares rose by 10.2%, and over the last year, they increased by 31.22%, compared to the S&P 500's gains of 4.46% and 26.4%, respectively [8] Group 3: Trading Volume and Earnings Outlook - JWN's average 20-day trading volume is 2,815,753 shares, indicating a bullish sign when combined with rising stock prices [9] - In the past two months, 5 earnings estimates for JWN moved higher, while 3 moved lower, raising the consensus estimate from $1.89 to $1.94 [11] - For the next fiscal year, 7 estimates have increased with no downward revisions, indicating positive earnings outlook [11] Group 4: Conclusion - Given the strong performance metrics and positive earnings revisions, JWN is positioned as a solid momentum pick and should be considered for investment [12]

Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value ...