Nordstrom is a leading fashion retailer in the United States, known for its high-quality apparel, footwear, accessories, and home decor
The company operates a chain of department stores and off-price retail locations, providing a diverse selection of products from both established and emerging brands. Nordstrom places a strong emphasis on customer service, offering a personalized shopping experience both in-store and online. Through its commitment to quality and innovation, Nordstrom aims to enhance the shopping experience and build lasting relationships with its customers.
Nordstrom surpassed earnings expectations in its fourth quarter of 2024, driven by effective cost management and digital sales growth, despite inventory and expense challenges.
Luxury department store chain Nordstrom (NYSEJWN) beat Wall Street’s revenue expectations in Q4 CY2024, but sales fell by 2.2% year on year to $4.32 billion. Its non-GAAP profit of $1.10 per share was 18.6% above analysts’ consensus estimates.
Retailers are overhauling their operations as technology redefines the shopping experience. Still, secular trends are working against their favor as e-commerce continues to take share from brick and mortars.
This puts retail stocks in a tough spot, and over the past six months, the industry’s returns were flat while the S&P 500 gained 9%.
As the Q3 earnings season wraps, let’s dig into this quarter’s best and worst performers in the department store industry, including Dillard's (NYSEDDS) and its peers.
Nordstrom has been treading water for the past six months, recording a small return of 1.3% while holding steady at $24.13. The stock also fell short of the S&P 500’s 6.6% gain during that period.
Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Nordstrom, Inc. (NYSEJWN) to Erik, Pete, Jamie Nordstrom and other members of the Nordstrom family (collectively, the “Nordstrom Family”) and El Puerto de Liverpool, S.A.B. de C.V. for $24.25 in cash per share is fair to Nordstrom shareholders.
Telsey Advisory Group analyst Dana Telsey maintained a Market Perform rating for Nordstrom, setting a $24 price target. While showing strong momentum, Nordstrom faces potential gross margin pressure from competitive strategies.
Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Nordstrom, Inc. (NYSEJWN) to Erik, Pete, Jamie Nordstrom and other members of the Nordstrom family (collectively, the “Nordstrom Family”) and El Puerto de Liverpool, S.A.B. de C.V. Under the terms of the proposed transaction, shareholders of Nordstrom will receive $24.25 in cash for each share of Nordstrom that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.
What has Wall Street been buzzing about this week? Here is a look at the top 5 buy calls and the top 5 sell calls made by Wall Street's best analysts during the trading week of Dec. 30, 2024 through Jan. 3, 2025.
NEW YORK, Jan. 03, 2025 (GLOBE NEWSWIRE) -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to:
NEW YORK, Dec. 28, 2024 (GLOBE NEWSWIRE) -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to:
Foot traffic data and a consumer survey could highlight Super Saturday shopping trends and winning stocks for one of the largest shopping days of 2024.
