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.
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.
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.
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Nordstrom, Inc. (NYSEJWN) shares are trading lower. The company on Monday announced that the Nordstrom Family and Liverpool will acquire all outstanding common shares of Nordstrom.
The markets started the week half-asleep, but yesterday, when Fed Chairman Powell took future rate cuts off the table, they woke up terrified and fell right out of bed.
