JWN - Nordstrom, Inc.
29.70 -0.02 (-0.07%)
After hours: 7:11PM EDT
| Previous Close | 29.37 |
| Open | 29.43 |
| Bid | 29.70 x 1400 |
| Ask | 29.70 x 1800 |
| Day's Range | 29.40 - 29.96 |
| 52 Week Range | 29.27 - 67.75 |
| Volume | 2,727,720 |
| Avg. Volume | 3,846,324 |
| Market Cap | 4.596B |
| Beta (3Y Monthly) | 0.69 |
| PE Ratio (TTM) | 9.64 |
| EPS (TTM) | 3.08 |
| Earnings Date | Aug 14, 2019 - Aug 19, 2019 |
| Forward Dividend & Yield | 1.48 (5.04%) |
| Ex-Dividend Date | 2019-05-31 |
| 1y Target Est | 35.88 |
Yahoo Finance Video•8 days agoNordstrom faces pressure from the e-commerce space
The department store sector has suffered in recent years, as online brands strengthen their grip on consumers. Now Nordstrom, once a darling of the department store space, is facing similar pressure. Yahoo Finance's Editor-at-Large Brian Sozzi joins The Final Round to discuss.
- Zacks•16 hours ago
Bear of the Day: Abercrombie & Fitch Co. (ANF)
Bear of the Day: Abercrombie & Fitch Co. (ANF)
Motley Fool•8 days agoNordstrom Stock Is a Screaming Buy at Its New Multiyear Low
Shares of the fashion retail giant have lost more than half of their value since last fall, but Nordstrom stock could recover in a hurry.
- Bloomberg•8 days ago
Nordstrom Really Needs an Anniversary Sale Win
(Bloomberg Opinion) -- If you’ve spent any time in the Instagram fashion bubble recently, you probably know that Nordstrom Inc. is holding a massive promotional event that kicks into high gear on Friday. It’s called the Anniversary Sale, and it’s a weeks-long run of price reductions on new merchandise that the retailer has done a remarkable job of getting the fashion influencer-set to hype.(2)This time around, the deals bonanza represents an especially important test for the department store. Some of it has to do with the timing. Wall Street sentiment has curdled on this chain in recent months. In fact, Nordstrom is the worst-performing stock in the S&P 500 Index year-to-date. (Fellow department store heavyweights Macy’s Inc. and Kohl’s Corp., it should be noted, aren’t far behind.)A particularly sharp drop in share price came after its first-quarter earnings report, which rightly set off alarm bells for investors. Sales sank 3.5% from a year earlier in that period as a result of a raft of missteps: It changed how it distributed rewards to loyalty program members and that didn’t go well; it was out of stock on key beauty items; and didn’t have the right mix of entry-level and higher-price items in its women’s clothing business. That pricing issue might be a particular concern. UBS retail analyst Jay Sole wrote in a July research note that, in his recent customer survey, 5% more shoppers said Nordstrom has become more expensive than said so last year. Of course, Nordstrom isn’t aiming to be a discount retailer; weakening price perception would be a worse finding for, say, Kohl’s. But this still represents a risk that Nordstrom is alienating one-time devotees and could fail to attract younger shoppers. The Anniversary Sale, with its bounty of deals, is a good opportunity to chip away at that perception. But I’m going to be watching more than the price tags. It’ll be important to see whether Nordstrom is able to stay in-stock on those entry-price items, as well as particularly trendy ones, through the early days of the sale. I’ll also have an eye out for any website glitches that might frustrate online shoppers. During last year’s event, the company had to apologize for website problems; the site also had issues the previous year amid the surge in visits. Nordstrom needs to demonstrate it has learned from those mistakes and has invested technology resources appropriately to move past them.Big sale events sometimes can seem meaningless these days, when the likes of Gap Inc. and Macy’s seem to be having a promotion practically every day of the week. And another splashy deals event – Amazon.com Inc.’s coming Prime Day – seems to be taking up quite a lot of retail-industry oxygen.But the Anniversary Sale really matters for Nordstrom. The company indicated as much in its annual report:“Due to our Anniversary Sale in July and the holidays in the fourth quarter, our sales are typically higher in the second and fourth quarters than in the first and third quarters of the fiscal year. Any factor that negatively impacts these selling seasons could have an adverse effect on our results of operations for the entire year.”I still think Nordstrom has many advantages compared to its apparel-industry peers, including its not-bloated store fleet, its strong customer service, and its potentially potent idea for small-format local service centers. But for now, Nordstrom badly needs a win in the second quarter. Strong execution of this deals event will help determine whether it gets one.(1) Loyalty members who are top-tier spenders got access to the sale previously, but Friday is the kickoff for the masses, when any Nordstrom cardholder can start shopping.To contact the author of this story: Sarah Halzack at shalzack@bloomberg.netTo contact the editor responsible for this story: Beth Williams at bewilliams@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Sarah Halzack is a Bloomberg Opinion columnist covering the consumer and retail industries. She was previously a national retail reporter for the Washington Post.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
- American City Business Journals•8 days ago
Researcher's notebook: Tech firms and coworking spaces bring region's down vacancy rates
The Puget Sound region recorded its lowest overall vacancy in a decade. Coworking spaces and tech tenants could be the biggest drivers.
- GuruFocus.com•9 days ago
Nordstrom Has Turnaround Potential
The company’s evolving strategy could produce a stock price recovery Continue reading...
- Investopedia•9 days ago
4 Retail Brand Names Plunging Amid Bull Rally Face More Declines
Four of the market's premier retail brick and mortar stocks - Macy's Inc. (M), Gap Inc. (GPS), Kohl's Corp. (KSS) and Nordstrom Inc. (JWN) - have seen their shares plunge this year, all making the list of the S&P 500’s five worst performing stocks year-to-date (YTD). Meanwhile, the broader market has rallied to new highs, with the S&P 500 up 19.4% in 2019. Meanwhile, the traditional retailers will have to move quickly to fight off newer competitors adapt to new commerce trends to catch up, as outlined in a recent Wall Street Journal report.
- Barrons.com•10 days ago
Nordstrom Shares Can Gain Nearly 50%: Portfolio Manager
Recent problems that hurt this luxury retailer’s stock price were mostly self-inflicted, and management can fix them.
- TheStreet.com•10 days ago
5 Retailers Who Also Have Deals on Prime Day
Amazon isn't the only company doing huge deals on Prime Day. Here are five retailers offering major discounts.
- Zacks•11 days ago
Consumer ETFs Win on Prime Day Becoming "Summer's Black Friday"
Retailers take an aim at Amazon Prime Day and announced a flurry of deals at around the same time to gain some market share. Such deal extravaganza will boost consumer ETFs.
- Zacks•11 days ago
Nordstrom (JWN) to Hire 1,200 Staff for NYC Flagship Store
Nordstrom (JWN) to employ roughly 1,200 workers in its first flagship store in New York City.
- Markit•11 days ago
See what the IHS Markit Score report has to say about Nordstrom Inc.
Nordstrom Inc NYSE:JWNView full report here! Summary * Perception of the company's creditworthiness is negative * Bearish sentiment is high and has been increasing * Economic output in this company's sector is expanding Bearish sentimentShort interest | NegativeShort interest is high for JWN with between 15 and 20% of shares on loan. This means that investors who seek to profit from falling equity prices are currently targeting JWN. Sentiment has worsened and traders added to their bearish short positions on July 5. Money flowETF/Index ownership | NeutralETF activity is neutral. The $5.10 billion in inflows that ETFs holding JWN received over the last one-month is a decline from earlier in the period and among the weakest of the past year. Economic sentimentPMI by IHS Markit | PositiveAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Services sector is rising. The rate of growth is strong relative to the trend shown over the past year. Credit worthinessCredit default swap | NegativeThe current level displays a negative indicator. JWN credit default swap spreads are rising towards their highest levels for the past 1 year, which indicates the market's more negative perception of the company's credit worthiness.Please send all inquiries related to the report to score@ihsmarkit.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
- Benzinga•12 days ago
Wedbush Favors Off-Price Retail, Says Nordstrom's Search Interest 'Took A Nose Dive'
Department stores continue to underperform Wedbush's greater retail coverage, and Nordstrom, Inc. (NYSE: JWN ) search trends “incrementally nose in recent weeks," the sell-side firm said ...
- MarketWatch•12 days ago
Nordstrom seeking 1,200 employees for New York City flagship
Nordstrom Inc. said Monday that it is looking for almost 1,200 employees for the New York City flagship location that's set to open its doors on Oct. 24, with applications being taken now for sales and support jobs. The department-store operator will also host hiring events on Aug. 15-17 and Aug. 26-28. Nordstrom's latest flagship will be across the street from its men's location, which launched in April 2018. Nordstrom's stock has taken a 31.7% tumble in 2019, while the S&P 500 index has gained 18.6%. Nordstrom shares are down nearly 41% since last year at this time.
- PR Newswire•12 days ago
Nordstrom Looking For Customer-Obsessed Employees For Its New NYC Flagship Store
NEW YORK, July 8, 2019 /PRNewswire/ -- Leading fashion retailer Nordstrom, Inc. will hire nearly 1,200 employees for its New York City flagship store, opening at 225 West 57th Street on October 24, 2019, steps away from Columbus Circle. Sales and support positions will be posted on Monday, July 8 and interested applicants are invited to apply for jobs online at Careers.Nordstrom.com. Hiring will also take place for various support positions in alterations, building services, housekeeping, loss prevention, as well as jobs in the store's food and beverage offerings. "The opening of the Nordstrom NYC Flagship is a significant milestone in our company's history," said Jamie Nordstrom, President of Stores at Nordstrom.
- InvestorPlace•12 days ago
Can Prime Day Make Amazon Stock Great Again?
After Amazon's (NASDAQ:AMZN) Prime Day was stung last year by bad reviews and a site outage, AMZN seems determined to make its 2019 clearance sale great again. Of course, the owners of Amazon stock hope that this year's Prime Day will be great enough to lift AMZN stock.Source: Shutterstock Last year's crash, in which visitors were shown pictures of dogs instead of merchandise, has emboldened both online rivals like eBay (NASDAQ:EBAY) and offline rivals like Target (NYSE:TGT) to hold competing events. eBay has even promised to offer extra deals if Amazon crashes again. * 7 A-Rated Stocks to Buy for the Rest of 2019 Despite its problems AMZN did about $3.6 billion of business during last year's Prime Day. It sold over 100 million products. It cleared out inventories of its old Echos and Fire sticks. It also added millions of new Prime members, who pay $119 per year to get free shipping and streaming video.InvestorPlace - Stock Market News, Stock Advice & Trading TipsLast year's event also pushed the market cap of Amazon stock over $900 billion for the first time. AMZN stock closed on Friday with a market cap of $956.5 billion. Pushing BackSince last year's event, AMZN has gotten enormous pushback from politicians, regulators and courts.The disaster of its HQ2 decision showed Amazon to be out of touch with political reality. Its reversal on that choice only made things worse.On its 25th birthday, Amazon faces politicians who want to break it up, regulators who are skeptical of every acquisition it considers, and courts that are pouncing on the actions of its third-party merchants.It's the last item that's the biggest threat to Amazon stock. Over half of Amazon's sales are made on behalf of third parties. Holding AMZN liable for the product failures of third parties will, at minimum, add billions in costs and creates a meaningful overhang on Amazon stock.Amazon is already fighting fake sellers, fake reviews, and other scams. If it must pay for what legitimate merchants do as well, its growth may disappear.To raise profits and boost Amazon stock. AMZN has also launched small brands, forced companies to change their packaging, and tried to make grocery brands share Prime Day losses. All this is certain to fuel the growing political threat faced by Amazon stock. The Show Must Go OnMeanwhile, the Prime Day show goes on.AMZN is promising deals on kitchenware, dining, fashion and clothing. It has launched a browser extension and a "Prime Hub" page to let shoppers "pounce" on new deals as they appear. Amazon gets billions of dollars of free publicity from press reports on "the best deals" of Prime Day. The sale also helps it adjusts its inventory levels ahead of the second-half purchasing rush and increases customers' loyalty.Target is trying to capture some of that magic with a sale aimed at users of its REDcard.on the same day as Prime Day. Walmart (NYSE:WMT) is also planning to unveil specials on its web site during Prime Day, even as that site continues to rack up losses. Other stores, like Nordstrom (NYSE:JWN), are planning to hold their own summer sales during the same week as Prime Day. The Bottom Line on Amazon StockAll the hype masks an uncomfortable reality for the owners of AMZN stock, like me.The price of Amazon's stock is no longer dependent on the company's growth rate. It can't be. Its growth must slow because bigger numbers are harder to push upward.Amazon stock is now dependent on the company's earnings, which have risen so quickly that the price-earnings ratio of AMZN stock is now "just" 80\. But Amazon's profits must keep rising to compensate for its slower growth rate.Then comes the inevitable question. Will AMZN share those earnings with the owners of Amazon stock? Unlike other companies, which bought back their shares and raised their dividends in the wake of the 2017 tax cut, Amazon has refused to take either of those steps.With Amazon's growth slowing, its earnings pressure growing, the government closing in and AMZN refusing to share its profits with investors, maybe the best thing to sell this Prime Day is some Amazon stock.Dana Blankenhorn is a financial and technology journalist. He is the author of a new environmental story, Bridget O'Flynn and the Bear, available now at the Amazon Kindle store. Write him at danablankenhorn@gmail.com or follow him on Twitter at @danablankenhorn. As of this writing he owned shares of AMZN stock. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Retail Stocks to Buy That Are Down in 2019 * 7 of the Best SPDR ETFs -- Besides SPY and GLD * 5 Dividend Stocks to Buy From Across the Globe The post Can Prime Day Make Amazon Stock Great Again? appeared first on InvestorPlace.
- Zacks•12 days ago
Retail Store Cannibalization: Walmart Latest to Fall Prey (Revised)
Retail firms have learnt the hard way that quality supersedes quantity and overexposure though higher number of stores often fail to yield the desired effect.
- GOBankingRates•16 days ago
30 Clothing Items Every Working Woman Needs
Opt for classic pieces that you can easily mix and match.
- InvestorPlace•17 days ago
7 Retail Stocks to Buy That Are Down in 2019
If you own either Nordstrom (NYSE:JWN) or Gap (NYSE:GPS) stock, you wouldn't have enjoyed reading CNN Business contributor Paul La Monica's June 28 article. La Monica informed his readers that these two retailers were the worst-performing S&P 500 stocks through the first six months of 2019. They were not the stocks to buy in the first half of the year. The article goes on to highlight other brick-and-mortar retailers that struggled in the first half of the year due to poor sales and profits. InvestorPlace - Stock Market News, Stock Advice & Trading TipsHow have the retail ETFs done so far in 2019 compared to the S&P 500?Not well. While the broad market S&P 500 ETFs were up almost 20% in the first half of the year, the top retail ETFs by assets under management (AUM) have generated between half and one-quarter the returns. However, just because a group of stocks has under-performed in one period doesn't mean they will under-perform in another. * 10 Stocks That Should Be Every Young Investor's First Choice For those who believe retail stocks will make a comeback in the second half, here are the seven stocks to buy that are down, but not out. Simon Property Group (SPG)Source: m01229 via Flickr (Modified)As retail stocks go, Simon Property Group (NYSE:SPG) is faring much better in 2019, although it's still down for the year. With retail stocks doing poorly, the focus falls on SPG and whether it can transform its malls into experiential palaces rather than moribund ghost towns where retailers go to die.However, as Greg Andrews of the Indianapolis Business Journal wrote about the mall owner recently, SPG "racked up annualized total return of 14% a year, far better than the 9.6% posted by the S&P 500" since going public in 1993. It's got staying power despite living through several market corrections as a publicly traded company. Plus, let's not forget that SPG stock has gone sideways the last five years while the index has gone on a tear. For me, the creme always rises to the top. CEO David Simon has been busy putting together a better mix of tenants that resonate with shoppers. Andrews highlighted the fact that Simon is making about 27% more from rent when it replaces an under-performing tenant with a newer, more appropriate one for today's changing retail climate. Despite the fact investors see brick-and-mortar retail doing poorly, Simon's evolution of its real estate ensures that the future is brighter than most people think.As Mark Twain said, "Buy land. They're not making it any more." SPG is a long-term buy. Stocks to Buy: Kroger (KR)Source: Shutterstock It's been a mixed bag in 2019 for grocery store chains. Some are up while others, such as Kroger (NYSE:KR), the nation's largest publicly traded grocery store, are down.It seems investors continue to be worried about Amazon (NASDAQ:AMZN), Walmart (NYSE:WMT), and even Target (NYSE:TGT). They shouldn't be. Despite Jeff Bezos claiming all kinds of changes would happen under Amazon's leadership, little has changed at Whole Foods in the two years since Amazon acquired the high-end grocery store. In fact, if investors take a closer look at what Amazon has done with Whole Foods, they will realize that it's not the great emancipator everyone says it is. "Food seems to be a category that keeps bedeviling Amazon. It said last week it will close its 4-year-old restaurant food delivery operation in the U.S., an admission that it had been outgunned by Grubhub, Doordash and Uber Eats," wrote Los Angeles Times contributors Sarah Halzack and Shira Ovide on June 16. "It earlier pared back the footprint of its 12-year-old Amazon Fresh grocery-delivery service, which struggled long before Whole Foods was in its tent."The fact is, Kroger's transformation continues to deliver long-term benefits for the grocery store chain. These benefits include cost savings, real-time data analysis, alternative revenue streams, and higher online sales. In just five years, for example, it will have grown digital sales from nothing in 2014 to $5 billion in the coming year. * 7 F-Rated Stocks to Sell for Summer In five more years, I'm confident that Kroger will be a different company from the one you see today. From where I sit, that's an excellent thing. Kohl's (KSS)Source: Hailey Pollard via FlickrThe second quarter was Kohl's (NYSE:KSS) worst quarter in the markets since 2001. You can now buy its stock for the same price you would have paid in November 2017. Yet, the retailer has more revenue and operating profits than it did two years ago. According to Miller Tabak equity strategist Matt Maley, the punishment dished out to KSS shareholders is overdone. "Its weekly RSI chart is quite oversold and that one could be due for a bounce, one that could last more than a couple of days," Maley said June 28 on CNBC. Kohl's has been hit by weak sales so far in 2019. This has forced CEO Michelle Gass to lower its earnings per share guidance for the fiscal year from $5.98 (midpoint of estimate) to $5.30, an 11% cut to the bottom line. However, now that KSS has rolled out Amazon's return program nationwide and launched in-store initiatives, the outlook for the second half of the year is much brighter. The company has also become more adept at managing its inventory levels at lower-volume stores, helping it keep margins higher at locations that aren't performing to its standard. It's a big reason Kohl's is shuttering Off/Aisle stores, the company's off-price experiment. As I stated earlier this year, I recommended investors continue to watch how Kohl's partnership with Amazon progresses. Now that it has gone nationwide, I see Kohl's in-store revenues increasing as Amazon users return goods. The partnership has proven to be a winner. Soon, Kohl's stockholders will reap the benefits. Urban Outfitters (URBN)Source: Shutterstock Business Insider often runs an article where a writer compares two different retail stores to gain a perspective as to why one stock is outperforming another. Recently, Shoshy Ciment shopped at both Urban Outfitters (NASDAQ:URBN) and American Eagle Outfitters (NYSE:AEO) stores in New York City.Ciment concluded that it was easy to see why American Eagle was dominating its segment of the retail sector. The Urban Outfitters store was in shambles while AEOs was a thing of beauty. While I get the Peter Lynch idea of seeing first hand how a business is operating, this exercise fails to consider several reasons why it might not be indicative of the entire picture. First, it's possible that the Urban Outfitters store was in the middle of changing its floor layout, which led to the less-than-desirable optics. Secondly, it's also possible that the URBN store was in-between managers. Retail has tremendous turnover, which often leads to terrible-looking stores while a team is understaffed. I could go on. The point is, you shouldn't surmise that one unsightly store is indicative of a poorly-performing stock or company. The opposite also holds. While it's true that AEO stock isn't doing nearly as poorly as URBN stock in 2019, they're both in the red year-to-date. Though AEO's Aerie line is killing it, shareholders should be concerned that it still can't deliver positive returns.That said, Urban Outfitters' three brands: Urban Outfitters, Anthropologie, and Free People, have seen a slowdown of sales in recent quarters. * The 7 Top Small-Cap Stocks Of 2019 However, from a value perspective, if you back out the company's $637 million in cash and marketable securities (it has no debt), you get an enterprise value of almost $1.7 billion. In the trailing 12 months ended April 30, Urban Outfitters had $290 million in free cash flow, for an FCF yield of about 17%, putting it easily within the value category. Genesco (GCO) These last three retail stocks to buy all come with significant warts, so do your due diligence before purchasing any of them.The recent hiring of Mel Tucker as Genesco (NYSE:GCO) CFO suggests to me that good things are just around the corner for the Nashville company. Tucker's got extensive experience in the retail industry, most recently serving as CFO at the iconic New York City department store, Century 21. Genesco is transforming into a footwear retailer. In December, it sold off its Lids stores for just $100 million. The sale allows CGO to focus on shoes and generate some cash it could reinvest in its Journeys business, which produced 7% same-store sales in the first quarter ended May 4. That's on top of 6% same-store sales growth in the same quarter a year earlier. In the first quarter, Journeys generated about 65% of Genesco's overall revenue and a big chunk of its total operating profits. Overall, Geneco's adjusted EPS was $0.33, almost 136% higher than a year earlier. As a result, it expects to generate EPS of $3.55 in fiscal 2019. At a current price of $41, GCO stock is trading at less than 12 times those earnings. With net cash of $83 million and free cash flow of almost $157 million, GCO stock is worth a closer look. Michaels (MIK)Source: Shutterstock The crafts retailer is your typical private equity horror story. Michaels (NASDAQ:MIK) was taken private in 2006 for $6 billion by Blackstone Group (NYSE:BX) and Bain Capital (NYSE:BCSF). After weathering the financial crisis, it was finally ready to go public in 2012. Unfortunately, the CEO had a stroke and the IPO was postponed until June 2014 when it raised $473 million selling shares to the public at $17 apiece.Trading at less than half its IPO price, MIK stock continues to struggle with internal and external issues, the most recent being investor concerns about the company's debt. In May, Michaels refinanced $500 million of its 5.875% debt at 8%, a sign that investors are worried about how the U.S. tariffs will impact a company reliant on Chinese imports. Before Michaels was taken private, it had no debt and $452 million in cash on the balance sheet. After the takeover, Michaels had $3.7 billion in debt and just $30 million in cash.The private equity owners used its sound financial standing to get almost $4 billion in loans to pay for its acquisition. At the end of the quarter Michaels had $2.7 billion in debt, $246 million in cash, and $5.2 million in annualized revenues.Why do I think you should buy it? * 7 Stocks to Buy for a Dovish Fed Someone will come along to take it private, slap a coat of paint on it, and take it public for a second time in less than a decade. Buckle (BKE)Buckle (NYSE:BKE) was a darn good stock and decent retailer to boot before it went into the toilet. Buckle now has a market cap of just $811 million, well below where it was trading at its height in 2015.However, despite having negative same-store sales for the past four years, BKE continues to make money, which is what ultimately drives stock prices higher. Back in 2015, Buckle was generating sales per square foot of $459. Today it's down to $334, or 37% lower. On the positive side, it has no debt, a working capital of $280 million, and has paid out $14.02 in regular and special dividends over the past five years. From a free cash flow perspective, Buckle's got $110 million for an FCF yield of 11.7%, also in value territory. If you're looking to capture a little income and aren't so concerned about capital appreciation, Buckle stock is a diamond in the rough. And who knows, it might figure out how to grow again.At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks That Should Be Every Young Investor's First Choice * 5 IPO Stocks to Buy -- According to Wall Street Analysts * The Top 10 Best Sectors in the Market for 2019 The post 7 Retail Stocks to Buy That Are Down in 2019 appeared first on InvestorPlace.
- Market Realist•17 days ago
Why UBS Downgraded Nordstrom Stock
Nordstrom (JWN) stock fell 1.7% on July 2 after UBS downgraded its rating for the upscale department store to a “neutral” from a “buy.”
- Investopedia•17 days ago
Top 10 Highest-Paying Retail Jobs
Find out where to find the top 10 highest-paying retail jobs in the country, and what the top retailers are paying their sales associates.
- Zacks•17 days ago
The Zacks Analyst Blog Highlights: Nordstrom, Kohl's, Macy's, Simon Property and Planet Fitness
The Zacks Analyst Blog Highlights: Nordstrom, Kohl's, Macy's, Simon Property and Planet Fitness
- Barrons.com•17 days ago
Podcast: Best and Worst Performing Stocks of 2019
OPEC members and allies like Russia agreed to extend current production levels into 2020. Oil prices had some room to fall after rallying almost 15% in June on rising geopolitical tensions in the Middle East. (COTY)’s explosive growth made it the S & P 500’stop performer in the first half of the year.
- MarketWatch•18 days ago
Nordstrom downgraded after UBS data indicates it's a 'no-growth retailer'
Nordstrom Inc. was downgraded to neutral from buy at UBS after new analyst data shows that its "competitive positioning is weakening" and it's now a "no-growth retailer." UBS slashed Nordstrom's price target to $33 from $65. The UBS Evidence Lab found that Nordstrom is no longer seen as the retailer of choice for business and special-occasion attire, such as an outfit for a wedding. As customers switch to discount retailers, Nordstrom looks more expensive and loses a strategic benefit. "We think this reflects a cultural shift where consumers don't think they need to invest in the type of high-quality merchandise available at Nordstrom for work as much as they used to," said the UBS note. "It also likely reflects the 'casualization' trend, where consumers are 'dressing down' more often in every part of daily life. This is not something we think Nordstrom can easily recover from." Nordstrom stock is down 2% in Tuesday trading and down nearly 34% for the year to date. The S&P 500 index [s:spx] has gained 18.4% for 2019 so far.
- Benzinga•18 days ago
Nordstrom's Outlook Is 'Deteriorating,' UBS Says In Downgrade
High-end fashion retailer Nordstrom, Inc. (NYSE: JWN ) faces a "deteriorating" outlook after a survey with consumers point to potential market share losses, according to UBS. The Analyst UBS ...
