Nordstrom Stock Gains 77% in a Year: Should You Buy or Avoid?

Shares of Nordstrom, Inc. (JWN) have surged 77.2% in the past year, outperforming the Zacks Retail - Apparel and Shoes industry’s 23.2% growth, the broader Retail-Wholesale sector’s 37.9% increase and S&P 500 index’s 38.7% growth. JWN is strictly focused on driving Nordstrom banner growth, optimizing operations and building momentum at Rack. Digital efforts are also underway.Let’s delve deeper.Analyzing JWN’s Core StrengthsNordstrom has been expanding its Rack banner by increasing the brand penetration. It ...