New store - occupying first 7 floors of 88 story residential condo tower - which at 1,775 feet will make it the tallest residential building in the world - at least until next one comes along. It will be named the Nordstrom Tower.
Possibly you should pay more attention to the departments that exist to attract the younger shopper. Probably would not exist if there were no customers....
Now that the clowns at cnbc read their script today and said buy JWN the price went up and they sold. They do it every time and the sheep follow them.
Well my friend, these young folks can now shop at the Rack were prices are more reasonable and the illusion of quality is still there. Most of the merchandise is bought specifically for the Rack, and less and less is from the mainline stores due to better inventory controls.
If one was to believe Nordstrom is more of a growth story on WS due to the aggressive growth of the Rack, that would justify the stock price. In this Fed induced bull market any thing is possible.
only old people like you pay jacked up prices for cotton clothing that last a little longer. young people dont hold on to clothing over 3 months. but here is another reason this is a bad investment : from the beginning of 2014, the company's stock has advanced 12.94%. The company's shares are trading above their 50-day and 200-day moving averages. Moreover, the stock's 50-day moving average of $66.21 is greater than its 200-day moving average of $61.70. Nordstrom Inc.'s stock traded at a PE ratio of 18.81 and has an RSI of 66.62
I'm guessing you are young and with no sense where style and the concept of you get what you pay for where quality is concerned? Your definition of old is probably anyone north of 40? I'm actually well north of 40 and I no longer shop at Nordstrom as much as I used to - except for gifts for younger people whom are only too happy to see the trademark gift box - as they know it will be stylish and well made and they will outgrow it before it falls apart - unlike where ever you shop.
Right. There are a lot of teenagers whose parents can afford their shopping - that shop there every day. You must be observing the teens that shop at Walmart.
In the mean time - if you did sell - money is growing moss sitting in a bank or under mattress. In the mean time the stock is a long way from $60 and closing in on $70. A shrewd recommendation.
In this fed liquidity driven market when earnings are announced they are either over rewarded or over punished...it just that simple. No reason to look for conspiracy theory's.
it will be a few days until it goes down because some amateur traders will short it. This will cause it to jump up a little bit and when the guys that shorted at 68-70 can't stand it going up against them, then it will finally come down. I give it a week until it hits near $60
Better hit the bids now because when their done propping this up and pull the bids there will be a flash crash of 3-6% in a matter of seconds.
The HFT boys will be gone leaving no real buyers……..
This move was based on a hedge fund momo and nothing else. A 14% move on little growth is not warranted. Anyone buying now will soon be a baggie. BMO raised their price target to 70, well here we are.
No place to go but down......................