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Nordstrom tops Wall Street's earnings expectations, as shoppers buy more clothes and shoes
CNBC· 2024-11-26 21:09
A sign marks the location of a Nordstrom store in a shopping mall on March 20, 2024 in Chicago, Illinois.Nordstrom on Tuesday delivered a slightly rosier sales forecast, after revenue grew about 4% year over year as shoppers bought clothing, shoes and activewear at both the company's namesake department store and its off-price chain.The Seattle-based retailer said it now expects full-year revenue, which includes retail sales and credit card revenue, to range from flat to up 1% for the full year. That compar ...
Nordstrom Reports Third Quarter 2024 Earnings
Prnewswire· 2024-11-26 21:05
Positive sales growth at both banners during third quarter, driving margin expansion Reports EPS of $0.27, adjusted EPS of $0.331 Updates fiscal 2024 revenue and comparable sales outlookSEATTLE, Nov. 26, 2024 /PRNewswire/ -- Nordstrom, Inc. (NYSE: JWN) today reported third quarter net earnings of $46 million, or earnings per diluted share ("EPS") of $0.27, and earnings before interest and taxes ("EBIT") of $83 million. Excluding a charge related to accelerated technology depreciation, the Company reported ...
What Analyst Projections for Key Metrics Reveal About Nordstrom (JWN) Q3 Earnings
ZACKS· 2024-11-21 15:20
Wall Street analysts forecast that Nordstrom (JWN) will report quarterly earnings of $0.23 per share in its upcoming release, pointing to a year-over-year decline of 8%. It is anticipated that revenues will amount to $3.33 billion, exhibiting an increase of 0.3% compared to the year-ago quarter.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 1.9% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections d ...
Nordstrom Expands Footprint by Opening Store in Florida's Lakeland
ZACKS· 2024-11-20 17:16
Nordstrom, Inc. (JWN) continues to bolster its growth strategy with plans to open a Nordstrom Rack store in Lakeland, FL, by fall 2025. The new store will span 30,000 square feet inside Lakeside Village, a prominent shopping center featuring retailers like Kohl's, Books-A-Million and Belk, alongside entertainment options such as CMX Cinemas.The new rack store aims to become a key shopping destination for the local community by offering an extensive range of high-quality brands at affordable prices. The evol ...
Nordstrom Rack to Open New Location in Lakeland, FL
Prnewswire· 2024-11-19 17:09
SEATTLE, Nov. 19, 2024 /PRNewswire/ -- Seattle-based fashion retailer Nordstrom, Inc. (NYSE: JWN) announced plans to open a new Nordstrom Rack in Lakeland, Florida in fall 2025."We look forward to being a part of the Lakeland 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 Tampa market and introduce new customers to Nordstrom Rack."  Lionello added that in this locatio ...
Nordstrom (JWN) Expected to Beat Earnings Estimates: Should You Buy?
ZACKS· 2024-11-19 16:06
The market expects Nordstrom (JWN) to deliver a year-over-year decline in earnings on flat revenues when it reports results for the quarter ended October 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on N ...
Nordstrom's Store Endeavors on Track, New Store Coming Up in Idaho
ZACKS· 2024-11-18 17:21
Nordstrom, Inc. (JWN) , which operates both Nordstrom full-line stores and Nordstrom Rack, has consistently focused on store expansion as part of its growth strategy. These efforts aim to bring the brand closer to its customers by strategically placing new locations in high-traffic shopping centers and underserved markets.A significant aspect of this expansion has been through Nordstrom Rack, its off-price division, which targets value-conscious shoppers. Customers can also shop online via Nordstrom.com and ...
Nordstrom Rack to Open New Location in Meridian, Idaho
Prnewswire· 2024-11-14 17:00
Core Insights - Nordstrom, Inc. plans to open a new Nordstrom Rack in Meridian, Idaho in fall 2025, aiming to enhance its presence in the Boise market and provide customers with a variety of brands at competitive prices [1][2] - The new store will be 25,000 square feet and located in The Village at Meridian, a prominent shopping center that features various well-known retailers [1][3] - Nordstrom Rack is a key component of Nordstrom's "Closer to You" strategy, which focuses on creating a seamless shopping experience across physical and digital platforms [2] Company Expansion - The new location will expand Nordstrom's physical footprint and economic impact in Idaho, contributing to the local community [3] - Nordstrom Rack offers significant discounts, with customers able to save up to 70% on a range of products, including apparel and home decor [2] Community Engagement - Over the past four years, Nordstrom has donated more than $2 million to support its partnership with Big Brothers Big Sisters of the United States, focusing on mentorship and community development [4] Retail Environment - The Village at Meridian is described as Idaho's premier shopping and lifestyle destination, featuring a mix of retail, dining, and community amenities [6]
Nordstrom's Expansion Strategy on Track: New Rack Store Opening in MA
ZACKS· 2024-10-02 14:35
The Seattle-based fashion retailer, Nordstrom, Inc. (JWN) , is set to open a Nordstrom Rack store in Hyannis, MA, in fall 2025. The upcoming 25,000-square-foot store will be located in The Landing Shopping Center, a prominent retail destination, featuring major retailers, such as Whole Foods, Panera Bread, Old Navy and The Paper Store. The new Rack store is expected to serve the Hyannis community, attracting customers through its wide range of high-quality brands at affordable prices. The evolution of Nords ...
Nordstrom Rack to Open New Location in Hyannis, Massachusetts
Prnewswire· 2024-10-01 16:00
SEATTLE, Oct. 1, 2024 /PRNewswire/ -- Seattle-based fashion retailer Nordstrom, Inc. (NYSE: JWN) announced plans to open a new Nordstrom Rack in Hyannis, Massachusetts, in fall 2025. "We look forward to being a part of the Hyannis 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 Boston market and introduce new customers to the Nordstrom experience." Lionello added that ...