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Nordstrom - JWN STOCK NEWS

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. (JWN) maintains its position as a leader in fashion retail through strategic innovation and customer-centric service. This news hub provides investors and industry observers with direct access to the company's official announcements and market-moving developments.

Track earnings reports, merchandising initiatives, and leadership updates alongside analyses of Nordstrom's evolving retail strategy. The curated collection spans operational milestones from both full-price and Nordstrom Rack divisions, offering insights into omnichannel growth and competitive positioning.

Key content categories include quarterly financial disclosures, sustainability efforts, store network expansions, and partnership announcements. Regular updates ensure stakeholders maintain current awareness of factors influencing JWN's market performance and long-term trajectory.

Bookmark this page for efficient monitoring of Nordstrom's corporate communications. Combine historical context with real-time updates to inform your retail sector analysis and investment decisions.

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Nordstrom announced the appointment of Farrell Redwine as its new Chief Human Resources Officer on July 20, 2021. Redwine, who joined the company in 2016, will oversee HR initiatives for over 55,000 employees. Her past experience includes HR leadership at ExxonMobil and Time Inc., and she was recognized by Savoy magazine in 2019 as one of America's most influential women in corporate America. The company emphasizes its commitment to diversity and inclusion, with women now making up five of the 13 executive team members.

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Nordstrom (NYSE: JWN) has acquired a minority interest in ASOS's Topshop, Topman, Miss Selfridge, and HIIT brands, enhancing their growth potential globally. This investment establishes a strategic partnership where ASOS retains operational control, while Nordstrom gains exclusive multi-channel retail rights across North America. The collaboration aims to redefine retail/wholesale models and cater to the 20-something demographic. Nordstrom, with over 350 stores and almost 2 billion visits annually, aims to leverage this partnership to enrich customer experiences and drive brand growth.

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Nordstrom, Inc. (NYSE: JWN) reported a first-quarter loss of $85 million, but net sales increased by 44% year-over-year, reflecting positive trends in both physical stores and online. Loss per diluted share stood at $1.05, which included a refinancing charge of $0.41. The company experienced a 13% decline in sales compared to Q1 2019, although sales improved sequentially by 720 basis points from the previous quarter. Management expressed optimism about future performance, citing strong consumer demand and effective inventory management.

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Nordstrom has announced a collaboration with WILDFANG for its BP. brand, targeting women-identified customers. The collection includes jumpsuits, blazers, and tees, priced between $12 and $89, and aims to challenge gender norms. The partnership emphasizes inclusive fashion and includes training for employees on gender nonconforming styling. Additionally, 5% of sales from this collection will be donated to Year Up, supporting workforce development for underrepresented communities. This initiative aligns with Nordstrom’s commitment to diversity and social responsibility.

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Nordstrom, Inc. (NYSE: JWN) has closed its offering of $250 million 2.300% Senior Notes due 2024 and $425 million 4.250% Senior Notes due 2031. The proceeds will be used to redeem $600 million of 8.750% Senior Secured Notes due 2025, which were issued during the COVID-19 pandemic. This move will reduce annual interest expenses by about $30 million starting in Q2 2021. Additionally, the company aims to lower its leverage ratio to approximately 3x by the end of 2021 and 2.5x by the end of 2022, emphasizing a strengthened financial position and recovery from pandemic impacts.

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Nordstrom, Inc. (NYSE: JWN) has priced a total of $675 million in senior notes, comprising $250 million of 2.300% senior notes due 2024 and $425 million of 4.250% senior notes due 2031. The offering price for the 2024 Notes is 100% of principal, while the 2031 Notes are priced at 99.922%. The closing date is expected around April 8, 2021. Proceeds will help redeem $600 million in 8.750% senior secured notes, incurring an estimated $78 million premium. The Notes are unregistered and sold exclusively to qualified institutional buyers.

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Nordstrom, Inc. (NYSE: JWN) reported Q4 earnings of $0.21 per diluted share, aided by a tax benefit from the CARES Act. Net sales fell by 20% year-over-year but showed a sequential improvement of 600 basis points. Digital sales surged to 54% of total sales, driven by an expanded merchandise selection. The company achieved an operating cash flow of $88 million and plans to address excessive inventory levels in Q1 2021. CEO Erik Nordstrom expressed confidence in the company's long-term growth strategy amid uncertainties, highlighting improved sales trends and operational cash flow.

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Tonal announced a partnership with Nordstrom to introduce its intelligent strength training system in 40 Nordstrom locations across 20 states starting March 2021. This collaboration enables customers to experience a full Tonal demo in a dedicated 50 square foot space. Tonal holds over 90% market share in connected strength training and is the only system to combine advanced A.I. software with digital weight. The retail rollout targets flagship stores in major cities, and Tonal's unit retails for $2,995, with financing options available.

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FAQ

What is the current stock price of Nordstrom (JWN)?

The current stock price of Nordstrom (JWN) is $24.08 as of April 29, 2025.

What is the market cap of Nordstrom (JWN)?

The market cap of Nordstrom (JWN) is approximately 4.0B.
Nordstrom

NYSE:JWN

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JWN Stock Data

3.98B
96.22M
44.55%
52.96%
5.26%
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