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Nordstrom Inc. Message Board

  • blair4349 blair4349 Sep 12, 2012 11:24 AM Flag

    Nordstrom in Canada

    A new market - will continue expansion in US and continue to grow the business - which has been very good. I was at the Nordstrom store at the Ala Moana Shopping mall in Honolulu this past week. A lot of Japanese shoppers were in the store - helping bring foreign currency back to US.

    Sentiment: Buy

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    • I was just in Ottawa the past 2 weeks for business. Many of the cab drivers said Canada is just now feeling the recession from both the US and Europe. Canadian's personal debts are sky high. So I wonder if that's why JWN is not participating in today's rally given the fact 4 new store expansion into an economy that may be headed south. I am long JWN btw.

      • 1 Reply to bigworm522
      • I've seen an article in paper that suggests that Canada is doing well. Regardless, Nordstrom has always attracted the shoppers NOT impacted by bad economic times. The fact that so many high end retailers are planning on heading North seems to suggest a great market for new stores. Regarding the ho hum reaction by investors - most are not knowledgeable to distinguish impact of economics on High End retailers vs Low End. I'm guessing they don't have a lot of confidence in this move.

        Sentiment: Buy

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