61.030 +0.04 (0.07%)
After hours: 4:02PM EDT
|Bid||60.980 x 1100|
|Ask||60.990 x 1300|
|Day's Range||60.720 - 63.750|
|52 Week Range||37.790 - 66.330|
|PE Ratio (TTM)||20.14|
|Earnings Date||Nov 15, 2018|
|Forward Dividend & Yield||1.48 (2.26%)|
|1y Target Est||59.12|
If you're looking for extra cash during the holiday, you may want to check out Macy's. The department store is set to hire 80,000 holiday workers and says that they are expecting a 'strong and successful holiday shopping season'.
Amazon hit a $1 trillion market cap on Sept. 4, becoming the second U.S. company to achieve this milestone, behind Apple. It's currently valued at more than these 21 other major retailers combined, despite generating significantly less sales.
Some bulls are taking a breather on Stitch Fix Inc (NASDAQ: SFIX ) after the firm’s 125-percent year-over-year run. The Analyst Piper Jaffray analyst Erinn Murphy downgraded the stock to Neutral and raised ...
Despite heavy investments, Kohl’s Corporation (KSS) is committed to its share buyback program. Share repurchases improve a company’s EPS by reducing the average share count. For the first half of fiscal 2018, Kohl’s repurchased 2.5 million shares.
Pennsylvania Real Estate Investment's (PEI) latest tenant lineup at the company flagship destination -- Cherry Hill Mall -- complements its targeted merchandising strategies and differential tenant mix.
In the past 15 days, there has been just one price target action for Kohl’s (KSS) stock. On September 4, Goldman Sachs initiated coverage on Kohl’s stock with a “buy” rating and a price target of $91.00. Under its multiyear Greatness Agenda strategy, Kohl’s is revamping its merchandise assortment, emphasizing the omnichannel/digital experience, and optimizing its marketing spending across channels.
Can Kohl’s stock sustain its momentum? Kohl’s (KSS) stock has risen 46.2% year-to-date. The growing clout of online retailers has adversely impacted department stores’ business. As a result, department stores such as Kohl’s have taken to expanding their digital—especially mobile—and omnichannel capabilities to retain their market share.
The Nike Inc. ad featuring NFL quarterback-turned-activist Colin Kaepernick divided American shoe buyers, with some calling for a boycott of the company and others vowing to buy more of its sneakers. Companies from Nordstrom Inc. to L.L. Bean have faced controversies that prompted a segment of consumers to boycott or stock up on their products. After Mr. Kaepernick’s involvement in Nike’s latest ad campaign was revealed on Labor Day, investors sold shares, critics torched their shoes and supporters raced to stores.
MILLENNIALS KILLED the mall, we’re told, and all shopping carts have gone digital. Online transactions still make up less than 10% of American retail sales quarterly, according to the U.S. Census Bureau, and fashion brands large and small are crafting high-tech retail experiences that give internet marketplaces a run for their money, anticipating the demands of iPhone-wielding shopaholics. “We’re going through a period that would only be paralleled by the industrial revolution,” said Robin Lewis, author of “The New Rules of Retail,” a study of trendy in-store innovations.
Nordstrom's 10 million rewards members make up 50 percent of the retailers sales and spend an average of four times than non-members.
Elite AmEx customers carry the Black Card. Soon, Nordstrom Inc.’s top shoppers will be granted “icon” status. After years of competing for shoppers with discounts, retailers are trying a new approach heading into the key holiday season: wooing their biggest spenders with special services and access to private events.
SEATTLE, Sept. 13, 2018 /PRNewswire/ -- Nordstrom Inc. today announced the evolution of its customer loyalty program, The Nordy Club, launching this fall. The program incorporates the traditional point system and favorite benefits of its previous program, while offering customers personalized and enhanced service and experiences including exclusive access to product and events, along with more convenient ways to shop. "With the launch of The Nordy Club, we're excited to go beyond the model of points for Notes and enhance our relationships with existing customers, while giving new customers more reasons to engage with us," said Scott Meden, Nordstrom chief marketing officer.
The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Index (PMI) data, output in the Consumer Services sector is rising.
Everybody likes a bargain, but the discount division of Hudson’s Bay Co. has been unable to tap the appetite for good deals that’s lifted sales at rival retailers. The Canadian owner of Saks Fifth Avenue is trying to turn around its Saks Off 5th chain, which reported falling same-store sales for the seventh time in the past eight quarters. In contrast, revenue at Nordstrom Inc.’s Rack grew 4 percent on that basis last quarter, while TJ Maxx operator TJX Cos., on the lower end of the off-price spectrum, is thriving, too.
The personal styling service is changing under Nordstrom ownership as a new billboard touts the fact Trunk Club is still here after a challenging four years.
Nordstrom (JWN) was trading at a 12-month forward PE (price-to-earnings) multiple of 17.7x as of September 7. Nordstrom exceeded analysts’ expectations for the fiscal second quarter and raised its outlook for the full fiscal year. As of September 7, Nordstrom’s department store rivals Macy’s (M) and Kohl’s (KSS) were trading at 12-month forward PEs of 9.5x and 14.1x, respectively.
Last month, Nordstrom (JWN) raised its guidance for fiscal 2018 following strong performance in the first half of the year. Nordstrom’s adjusted EPS of $0.95 in the second quarter of fiscal 2018 easily beat analysts’ expectation of $0.84. Nordstrom’s effective tax rate was 25.7% in the second quarter of fiscal 2018, compared to 41.8% in the second quarter of fiscal 2017.
Nordstrom (JWN) impressed investors with its performance in the second quarter of fiscal 2018, which ended on August 4. Not only did the company deliver strong sales growth, but it also generated improved gross and operating margins.
Nordstrom’s (JWN) revenue grew 6.7% to $7.6 billion in the first half of fiscal 2018. Nordstrom’s fiscal second-quarter revenue growth was higher than its 3.9% growth in the second quarter of fiscal 2017 and 6.2% growth in the first quarter of fiscal 2018. Nordstrom’s revenue comprises its retail net sales and credit card revenue.
Nordstrom (JWN) stock surged 4.6% last week. The upscale department store is up 38.7% on a YTD (year-to-date) basis. On September 4, Goldman Sachs initiated coverage with a “buy” rating and a price target of “73,” and the stock reacted positively.
The last time I discussed Nordstrom (NYSE:JWN), I did so as one name among several exciting retail plays. Management has implemented significant changes, including directing resources towards lucrative segments such as the discount-centric Nordstrom Rack. In addition, the luxury department store delivered an outstanding earnings beat in the second quarter, driving up the share price.
Goldman Sachs has its finger on the consumer spending pulse of young Americans. As the ecosystem of retail, e-commerce, and consumer spending continues to evolve - especially seeing that millennials may be ramping up their spending - the bank has given its 2 cents on which stocks might be a good play and why. remains the fashion retail destination of choice among It Girls, ranking as the top clothing, handbag, shoe and luxury retailer for this group," said a Goldman Sachs note from Thursday, Sept. 6.