Nordstrom (JWN) on Track With Long-Term Plans: Apt to Hold?

The company is benefiting from increased emphasis on Nordstrom Rack. Management remains focused on enhancing customer experience, improving the Nordstrom Rack performance, increasing inventory productivity and progressing on supply-chain optimization initiatives. The company is confident about the strength of brands, and the ability to drive profitable growth and deliver long-term value to shareholders. Shares of this Zacks Rank #3 (Hold) company have gained 12.6% in the past three months compared with the ...