|Bid||15.66 x 1100|
|Ask||15.75 x 1400|
|Day's Range||15.02 - 15.96|
|52 Week Range||12.27 - 43.37|
|Beta (5Y Monthly)||1.37|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 19, 2020 - Aug 24, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Mar 09, 2020|
|1y Target Est||20.78|
What happened Nordstrom (NYSE: JWN) shares are trailing the market by a wide margin this year. The stock sank 62% compared to a 4% decline in the S&P 500 through the end of June, according to data provided by S&P Global Market Intelligence.
Mall operators, though, have been aggressively fighting back against tenants going on a rent strike.
Yahoo Finance’s Brian Sozzi and Alexis Christoforous discuss the current state of retail with Forrester Retail Analyst Sucharita Kodali.
In the second part of its series, and with equal employment opportunities now a focus, leading firms in fashion, beauty and retail hold up a looking glass to diversity within their companies.
Nick Shields, Senior Analyst at Third Bridge, joins The First trade to discuss the states of malls as some reopen amid continually rising cases of coronavirus.
Nordstrom (JWN) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Unilever announced that it would be pulling all its advertising on Facebook and Twitter for the remainder of the year, due to hate speech and divisive content, joining a growing number of companies to do so. Yahoo Finance’s Final Round panel discusses the details.
As consumers' changing tastes have altered the retail industry, major U.S. retailers are now looking to tap the boom in the resale market.
Nordstrom (JWN) announced that it needs to delay the filing of its annual report on stock purchases and savings plans as a result of “significant” disruptions tied to the coronavirus pandemic.Shares fell 7.2% to $15.97 on Wednesday. The retailer expects to file the 11-K annual report no later than July 31, it said in a SEC filing.In an update on its operations, Nordstrom said that currently about 90% of its 354 stores have reopened across the U.S. and Canada. In addition, the company said that it is on track to be fully operational by the end of June, although many stores are functioning at reduced hours in accordance with local restrictions.“Our operations and business have experienced significant disruptions due to the unprecedented conditions surrounding the COVID-19 pandemic,” Nordstrom said. “As a result of these disruptions, key personnel devoted considerable time and resources to preparing and filing on time our Quarterly Report on Form 10-Q for the quarterly period ended May 2, 2020. Accordingly, our team has not been able to devote the requisite time and attention to the 11-K.”Nordstrom shuttered all of its stores on March 17. Some started to reopen in early May and since then in a phased market-by-market approach more stores opened their doors. Due to the uncertainty of COVID-19, Nordstrom is continuing to assess the situation, including government-imposed restrictions, market by market, it said.Since mid-March, the family-run retailer has implemented a number of cost-cutting measures including furloughs, reduction in overhead costs, inventory management, and liquidity management in a move to improve financial flexibility.Nordstrom has been hit hard this year with the stock plunging 61%. Guggenheim analyst Robert Drbul notes that although Nordstrom has taken prudent actions to shore up liquidity and improve the overall cost structure and can benefit from its significant online penetration, he believes shares are fairly valued given the uncertainty in the U.S. retail environment.“As such, we remain Neutral-rated until we see a return to normal operating procedures and the company demonstrates margin improvement,” Drbul wrote in a note to investors.The Wall Street analyst community has a Moderate Sell consensus on Nordstrom stock with 7 Holds and 3 Sells. The $18.56 average price target reflects 16% upside potential over the next 12 months. (See Nordstrom stock analysis on TipRanks).Related News: Google and Carrefour Roll Out Voice-Based Shopping Service In France Slack Seeks To Replace E-mail With Launch Of Virtual Business Platform Apple Reveals Custom-Made Chips, Ending Intel Relationship More recent articles from Smarter Analyst: * Google Snaps Up Canadian Smart Glasses Startup North * AMC Delays Theatre Openings; Top Analyst Cuts Price Target * Inovio Presents ‘Positive’ Early Data For Covid-19 Vaccine Candidate; Shares Plunge 12% * Wells Fargo Plans To Cut Its Dividend In Q3; Top Analyst Lowers Price Target
Upscale retailers including Nordstrom Inc, privately-owned Saks Fifth Avenue and jeweler Tiffany & Co, reopened their large New York City flagship locations on Wednesday with reassuring signage and oversized jars of sanitizer to calm shoppers worried about cleanliness. With record-low tourism, and many New Yorkers working from out-of-town locations, the retailers' pool of potential shoppers is much smaller now, even in the generally slower summer months. Craig Johnson of Customer Growth Partners said that a lack of spending by tourists could bring a 9% to 12% average hit to upscale department stores' revenue compared with the year earlier.
Upscale retailers including Nordstrom Inc <JWN.N>, privately owned Saks Fifth Avenue and jeweler Tiffany & Co <TIF.N> reopened their large New York City flagship locations on Wednesday with reassuring signage and sanitizer stands to calm shoppers worried about the coronavirus pandemic. As retailers reopen after months of shutdowns, deep discounts on designer clothing and accessories are a way to clear mountains of unsold inventory and lure back customers like Nika Imamberdieva. A silk purple Valentino blouse originally $1,690 is now $845 and a Sies Marjan navy dress originally marked at $1,095 is now $438 at Nordstrom.
Nordstrom's (JWN) online sales are gaining traction with consumers staying indoors amid the current COVID-19 scenario. Also, store reopening efforts bode well.