Streetbeat News

JWN

Nordstrom, Inc.

https://press.nordstrom.com

Industry

Department Stores

Nordstrom, Inc., a fashion retailer, provides apparels, shoes, beauty, accessories, and home goods for women, men, young adults, and children. It offers a range of brand name and private label merchandise through various channels, such as Nordstrom branded stores and online at Nordstrom.com; TrunkClub.com; Nordstrom.ca; Nordstrom stores; Nordstrom Rack stores; Nordstrom Locals; Nordstromrack.com and HauteLook; clearance stores under the Last Chance name; Trunk Club clubhouses; and Jeffrey boutiques. As of December 31, 2021, the company operated 94 Nordstrom stores and 240 Nordstrom Rack stores in the United States; 2 clearance stores; and 7 Nordstrom Local service hubs, as well as 6 Nordstrom stores and 7 Nordstrom Rack stores in Canada. Nordstrom, Inc. was founded in 1901 and is headquartered in Seattle, Washington.

Open

22.84

Mkt cap

3.8B

Volume

1.4M

High

23.12

P/E Ratio

13.22

52-wk high

24.93

Low

22.80

Div yield

0.03

52-wk low

13.68

Nordstrom Inc. has appointed Lori Marten as the Executive Vice President and General Merchandising Manager of Nordstrom Rack, its off-price division. This move is part of Nordstrom's strategy to focus on growth and profitability, with plans to open 22 new Rack stores in addition to the 19 opened in 2023. Marten, a 25-year retail veteran, will lead the merchandising team and drive the merchandise strategy for both Nordstrom Rack stores and NordstromRack.com. The company reported a 14.6 percent increase in Rack's sales in the fourth quarter, contributing to Nordstrom's net earnings of $134 million for the quarter.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 4:47 pm

The dollar strengthened, chip stocks retreated, and Nordstrom's stock rose following reports that its founding family is considering taking the company private. This news impacts the financial markets, particularly affecting the semiconductor sector and Nordstrom's stock.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 7:49 pm

Peraso Inc. reported worse-than-expected Q4 EPS results, causing its shares to fall by over 23%. Other stocks experienced significant movements, with notable gainers including Ontrak, Fusion Pharmaceuticals, and Spire Global, among others. Losers included Greenwave Technology Solutions, Seelos Therapeutics, and Comtech Telecommunications, with various reasons such as disappointing financial results, downgrades, and restructuring of debt.

Portfolio Pulse from Avi Kapoor

March 19, 2024 | 5:48 pm

In Tuesday's intraday session, several consumer discretionary stocks experienced significant movements. Notable gainers include SRM Entertainment, TCTM Kids IT Education, 2U, Fitell, Worksport, and Nordstrom, with increases ranging from 9.55% to 17.8%. Conversely, notable losers were JOANN, ATA Creativity Global, GigaCloud Tech, Allurion Technologies, J-Long Group, and Greenlane Holdings, with decreases ranging from 10.2% to 32.0%. GigaCloud Tech's recent Q4 earnings release is highlighted.

Portfolio Pulse from Benzinga Insights

March 19, 2024 | 5:31 pm

Wall Street had a mixed performance with the S&P 500 up 0.4%, tech stocks slightly down, and energy stocks rallying. The U.S. dollar strengthened, and Bitcoin plummeted below $65,000. The SPDR S&P 500 ETF Trust, SPDR Dow Jones Industrial Average, and Invesco QQQ Trust showed varied movements. Energy Select Sector SPDR Fund was the top performer, while Communication Services Sector SPDR Fund lagged. Stocks like AMD, TME, JWN, IP, and CAR had notable movements due to various factors.

Portfolio Pulse from Piero Cingari

March 19, 2024 | 5:15 pm

Nordstrom Inc (NYSE:JWN) shares surged following a report that the founding family is considering taking the company private, with assistance from Morgan Stanley and Centerview Partners to explore potential deals with private equity firms. This news comes six years after a previous attempt. The stock was halted then rose 11.2% to $18.98. The 200-day moving average of JWN is $17.61, indicating a bullish signal for investors using technical analysis.

Portfolio Pulse from Adam Eckert

March 19, 2024 | 3:35 pm

National CineMedia, Inc. (NCMI) reported strong Q4 results and announced a $100 million share repurchase program, leading to a 25.5% stock increase. Other stocks like Fusion Pharmaceuticals (FUSN), Spire Global (SPIR), and Zoomcar Holdings (ZCAR) also saw significant gains due to various positive developments. Notably, Fusion Pharmaceuticals is being acquired by AstraZeneca, and Spire Global announced a collaboration with NVIDIA.

Portfolio Pulse from Avi Kapoor

March 19, 2024 | 2:03 pm

Nordstrom's stock price increased after reports emerged that the founding family is considering taking the company private, with assistance from Morgan Stanley and Centerview Partners.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 1:42 pm

Trading of Nordstrom (JWN) shares has resumed after a temporary halt. This development is crucial for investors monitoring the stock's performance.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 1:36 pm

Nordstrom Inc is exploring the possibility of going private with the assistance of Morgan Stanley and Centerview Partners. The company's founding family is revisiting this idea six years after a previous attempt failed. They are currently gauging interest from private equity firms for a potential deal, although there is no guarantee that a deal will materialize.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 1:32 pm

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