Welcome to our dedicated page for Nordstrom news (Ticker: JWN), a resource for investors and traders seeking the latest updates and insights on Nordstrom stock.
Nordstrom, Inc. (NYSE: JWN) is a leading fashion retailer that operates approximately 93 department stores and around 260 off-price Nordstrom Rack stores across the United States. In addition to its physical locations, the company also runs full- and off-price e-commerce sites, two clearance stores, and seven Local locations. Major merchandise categories include women’s apparel (27% of 2023 sales), shoes (26% of 2023 sales), men’s apparel (15% of 2023 sales), and beauty products (13% of 2023 sales).
Founded in 1901 in Seattle as a shoe retailer, Nordstrom continues to be partially owned and managed by the Nordstrom family. The company prides itself on empowering employees to grow within the organization, fostering a culture where success is earned through hard work, loyalty, and a commitment to customer service. Nordstrom is also dedicated to environmental sustainability and community support, exemplified by their long-term partnership with Big Brothers Big Sisters of the United States.
Recently, Nordstrom announced multiple new store openings. A new Nordstrom Rack is set to open in Houston, Texas in fall 2024, another one in Geneva, Illinois in spring 2025, and yet another in Manalapan Township, New Jersey in spring 2025. These expansions are expected to enhance the company's physical footprint and economic impact in these regions. Additionally, Nordstrom plans to open a Nordstrom Rack in Apple Valley, Minnesota in spring 2025.
The company's financial performance in recent quarters has been mixed. For the fourth quarter of 2023, Nordstrom reported net earnings of $134 million, or $0.82 per diluted share. For the first quarter of 2024, while net sales increased by 5.1% compared to the same quarter in the previous year, the company posted a net loss of $39 million. Despite these challenges, Nordstrom remains confident in its strategy for continued sales improvement and profitability through new store openings and digital growth.
Nordstrom is also exploring strategic options to enhance shareholder value, including the possibility of going private, as indicated by recent interest from CEO Erik Nordstrom and President Pete Nordstrom. This move is being carefully evaluated by a special committee of independent directors, with financial and legal advisors retained for the process.
A key focus for Nordstrom is its Closer to You strategy, which aims to offer customers a more interconnected and convenient shopping experience across its physical and digital platforms. This includes services like online order pickup, easy returns, and alterations at select stores. Nordstrom Rack, in particular, plays a significant role in attracting new customers to the Nordstrom brand, offering up to 70% discounts on apparel, accessories, beauty products, home goods, and shoes from top brands.
Nordstrom continues to innovate with new product lines and collections, such as the recently launched high-quality, style-driven essentials designed by the Nordstrom team. These collections feature versatile, premium fabric pieces that balance tailored classics with minimalist designs, available at accessible prices.
With a commitment to excellence in customer service, sustainability, and community support, Nordstrom, Inc. aims to leave the world better than it found it, whether through its physical stores, digital platforms, or community initiatives.
Nordstrom (NYSE: JWN) has announced that its board of directors has approved a quarterly dividend of 19 cents per share. The dividend will be payable on December 18, 2024, to shareholders who are on record at the close of business on December 3, 2024.
Nordstrom (NYSE: JWN) announced plans to open a new Nordstrom Rack store in Lakeland, Florida in fall 2025. The 30,000-square-foot store will be located in Lakeside Village shopping center. The new location will offer up to 70% off on apparel, accessories, beauty products, home decor, and shoes, along with services like online order pickup and returns. This expansion adds to Nordstrom's existing Florida presence of 6 Nordstrom stores and 19 Nordstrom Rack locations, which currently generate over 2,800 jobs statewide.
Nordstrom (NYSE: JWN) announced plans to open a new Nordstrom Rack store in Meridian, Idaho in fall 2025. The 25,000-square-foot store will be located in The Village at Meridian shopping center. The new location will offer up to 70% off on retail items and provide services including online order pickup from Nordstrom.com and NordstromRack.com. This expansion aligns with the company's Closer to You strategy, focusing on delivering a more interconnected experience across stores and digital platforms. The store will join other retailers like Lego, Evereve, Warby Parker, and Brandy Melville in the shopping center.
Nordstrom (NYSE: JWN) has unveiled a refreshed mobile app to enhance holiday shopping experience, featuring improved search capabilities, personalized recommendations, and trend reports powered by AI. The company is offering free 2-day shipping in over 25 major markets, same-day and next-day pickup options, and free styling services. The retailer has added over 300 new brands through its digital marketplace and introduced various gift selections at different price points. Nordstrom NYC will launch 'The Blizz on 57th Street' installation on November 27, featuring special holiday packages and experiences. Additionally, Nordstrom Rack is expanding its services with buy online pick-up in store at over 100 locations and introducing 'Rush the Rack,' an exclusive app feature for Nordy Club members.
Nordstrom (NYSE: JWN) has announced it will release its third quarter 2024 financial results after market close on Tuesday, November 26, 2024. The company will host a 45-minute conference call at 4:45 p.m. EST, where senior management will discuss Q3 results and provide their 2024 outlook. The call will be accessible via telephone and audio webcast through investor.nordstrom.com. A replay will be available through December 3, 2024, via telephone using Conference ID 13750079 and on the company's investor website.
Nordstrom, Inc. (NYSE: JWN) has announced plans to open two new Nordstrom Rack stores in Florida. The stores will be located in Melbourne and Sarasota, opening in fall 2025 and spring 2026, respectively. The Melbourne store will be a 24,000-square-foot space in The Avenue Viera, while the Sarasota location will be a 27,000-square-foot store in Sarasota Pavilion.
These new stores will offer up to 70% off on-trend apparel, accessories, beauty products, home decor, and shoes from top brands sold at Nordstrom stores. They will also provide services such as online order pickup for Nordstrom.com and NordstromRack.com, easy returns, and alterations at select stores. The expansion aligns with Nordstrom's Closer to You strategy, focusing on delivering a more convenient and interconnected customer experience across stores and digital platforms.
Nordstrom, Inc. (NYSE: JWN) has announced plans to open a new Nordstrom Rack store in Prosper, Texas, scheduled for fall 2025. The 26,000-square-foot store will be located at The Gates of Prosper shopping center, owned by Blue Star Land. This expansion is part of Nordstrom's Closer to You strategy, focusing on delivering a more convenient and interconnected experience across stores and digital platforms.
Nordstrom Rack offers up to 70 percent off on-trend items from top brands sold at Nordstrom stores. The new location will provide services such as online order pickup for Nordstrom.com and NordstromRack.com, easy returns, and alterations at select stores. This addition expands Nordstrom's presence in Texas, where it currently operates 8 Nordstrom stores and 23 Nordstrom Rack stores, generating over 3,800 jobs statewide.
Nordstrom, Inc. (NYSE: JWN) has announced plans to open a new Nordstrom Rack in Hyannis, Massachusetts, in fall 2025. The 25,000-square-foot store will be located in The Landing at Hyannis, a popular shopping center owned and managed by WS Development. This expansion aligns with Nordstrom's Closer to You strategy, focusing on delivering a more convenient and interconnected experience across stores and digital platforms.
The new location will offer up to 70 percent off on-trend apparel, accessories, beauty products, home decor, and shoes from top brands sold at Nordstrom stores. It will also provide services such as online order pickup from Nordstrom.com and NordstromRack.com, as well as easy returns and alterations at select stores. This addition expands Nordstrom's presence in Massachusetts, where it currently operates four Nordstrom stores and seven Nordstrom Rack stores, generating more than 900 jobs statewide.
Nordstrom (NYSE: JWN) has announced plans to open a new Nordstrom Rack store in Holbrook, New York, in fall 2025. The 27,000-square-foot store will be located in The Shops at SunVet, a popular shopping center owned and managed by Regency Centers. This expansion aligns with Nordstrom's Closer to You strategy, focusing on delivering a more convenient and interconnected experience across stores and digital platforms.
Nordstrom Rack offers up to 70 percent off on-trend apparel, accessories, beauty products, home decor, and shoes from top brands sold at Nordstrom stores. The new location will provide services such as online order pickup from Nordstrom.com and NordstromRack.com, as well as easy returns and alterations at select stores. This expansion will increase Nordstrom's presence in New York to five Nordstrom stores and 12 Nordstrom Rack stores, generating over 2,000 jobs statewide.
Cast, a San Francisco-based fine jewelry brand, has partnered with Issa Rae to launch the Braeve Collection. The collection, featuring 22 pieces of 14K Gold, Sterling Silver, Black Onyx, and Cast-created Diamonds, will be available from September 17, 2024, at Cast Boutiques, CastJewelry.com, and select Nordstrom stores and Nordstrom.com. Priced between $250-$5900, the modern and versatile collection aims to make artfully designed jewelry more accessible.
The collaboration reflects Issa's personal jewelry journey and her appreciation for Cast's design, quality, and versatility. Nordstrom's Vice President Fashion Director, Rickie De Sole, expressed excitement about offering customers exclusive access to this unique partnership, highlighting Issa Rae's influence in entertainment and fashion.
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