DIRS.INFO top alerts submit data jurnalism about API
login
Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Nordstrom Inc"


8 mentions found


☆ Nordstrom says sales slowed in past two months; shares fall 9%
  + stars: | 2022-11-22 | by ( Granth Vanaik | ) www.reuters.com   time to read: +2 min
Nov 22 (Reuters) - Nordstrom Inc (JWN.N) said on Tuesday net sales at its eponymous retail stores fell 3.4% in its third quarter, and overall sales for the company slowed down in the past couple of months, "particularly in geographies with unseasonably warm weather." The company also trimmed its net profit forecast for the fiscal year ending January 2023. In the third quarter, sales in its off-price division — Nordstrom Rack — fell 2%. Nordstrom's adjusted earnings of 20 cents per share topped estimates of 13 cents. It expects an annual profit of $2.13 and $2.43, excluding share repurchase activity, trimmed from $2.45 to $2.75 previously.
☆ Wall St Week Ahead With Black Friday ahead, investors look to U.S. consumer stocks
  + stars: | 2022-11-18 | by ( David Randall | ) www.reuters.com   time to read: +4 min
Consumer discretionary stocks, a group whose members run the gamut from Amazon.com Inc (AMZN.O) and automaker Tesla Inc (TSLA.O) to retailer Target Corp (TGT.N), have been walloped by surging prices, with the S&P 500’s consumer discretionary sector falling nearly 33% for the year to date compared with a nearly 17% fall for the broader index. Investors poured a net $1.05 billion into consumer discretionary stocks in the past week, the sixth-largest weekly inflows since 2008, data from BofA Global Research showed. “Everybody is watching the strength of the consumer and so far the consumer has held.”Yruma is bullish on retailers Nordstrom Inc (JWN.N) and Target. To be sure, consumer stocks have had more than their fair share of woes this year. The bank's analysts are underweight the consumer discretionary sector.
☆ Goldman-backed project44 valued at $2.7 bln in latest funding round
  + stars: | 2022-11-03 | by ( ) www.reuters.com   time to read: +1 min
Nov 3 (Reuters) - U.S.-based supply chain management technology company project44 said on Thursday it was valued at $2.7 billion after its latest funding round that also saw participation from existing investor Goldman Sachs Asset Management. The $80 million funding round was led by investment firms Generation Investment Management and A.P. Moller Holding, while buyout firm TPG (TPG.O), venture capital firm Emergence Capital and others also participated. Project44 said the funds will be used to measure and reduce emissions across its global supply chain. The COVID-19 pandemic set off a crisis in global supply chains, which has also worsened inflation and put pressure on central banks to tame price hikes.
☆ Logistics Operators Find Robots Are Helping Recruit Tech-Savvy Workers
  + stars: | 2022-10-27 | by ( Liz Young | ) www.wsj.com   time to read: +4 min
The impact of robots on logistics operations is growing more complicated as companies weigh how automation affects recruiting both management leaders and staffers for the warehouse floor. Manufacturers and retailers such as snack-food giant Mondelez International Inc. and department store chain Nordstrom Inc. say the investments are also changing their supply-chain workforces. Newsletter Sign-up The Logistics Report Top news and in-depth analysis on the world of logistics, from supply chain to transport and technology. The buy jump-started the company’s rollout of greater automation in its growing logistics network and expanded the pipeline of engineers and other technology workers into the business. Lee Beard, senior vice president of transportation at Seattle-based Nordstrom, said the retailer has been highlighting its technology investments to job recruits.
☆ Finance Chiefs Switch Jobs, Retire as Companies Face Uncertainties
  + stars: | 2022-10-23 | by ( Jennifer Williams-Alvarez | ) www.wsj.com   time to read: +7 min
This compares with 8% in September 2021 and 11% in the same month in 2020, Russell Reynolds said. It is also leading some companies to prepare for a potential downturn by looking for CFOs with experience in cutting costs or restructuring operations, they added. Photo: NordstromNordstrom, meanwhile, last Monday said finance chief Anne Bramman will leave in December after more than five years in the role. Newsletter Sign-up WSJ | CFO Journal The Morning Ledger provides daily news and insights on corporate finance from the CFO Journal team. That trend is continuing, with the slowing economy forcing finance chiefs into thinking about their next steps, she said.
☆ Nordstrom CFO Anne Bramman to Leave the Company
  + stars: | 2022-10-18 | by ( Jennifer Williams-Alvarez | Suzanne Kapner | ) www.wsj.com   time to read: +3 min
Nordstrom Inc.’s finance chief is stepping down as the retailer confronts industrywide pressures including soft consumer spending and high inventory levels. The Seattle-based retailer said Monday evening that Anne Bramman will leave the company effective Dec. 2 after more than five years as CFO. Nordstrom’s senior vice president and chief accounting officer, Michael Maher, will serve as interim finance chief. Nordstrom is looking for ways to reduce its inventory levels, Mr. Nordstrom said during an earnings call in late August. Merchandise inventory levels increased 9.9% from a year ago, to around $2.4 billion, although they were lower than the previous quarter.
☆ Nordstrom adopts 'poison pill' days after Mexican peer buys stake
  + stars: | 2022-09-20 | by ( ) www.reuters.com   time to read: +1 min
Register now for FREE unlimited access to Reuters.com RegisterA Nordstrom store is pictured in New York, U.S., March 1, 2021. Last week, Mexican department store chain Liverpool (LIVEPOLC1.MX) disclosed a 9.9% passive stake in Nordstrom, in a bid to diversify its geographic foothold. read moreRegister now for FREE unlimited access to Reuters.com RegisterLiverpool is currently the second-biggest shareholder, behind former Chairman Bruce Nordstrom, according to Refinitiv. Other members of Nordstrom's founding family, including Chief Executive Officer Erik Nordstrom and President Peter Nordstrom, are also among its top shareholders. read moreRegister now for FREE unlimited access to Reuters.com RegisterReporting by Deborah Sophia in Bengaluru; Editing by Shounak Dasgupta and Anil D'SilvaOur Standards: The Thomson Reuters Trust Principles.
☆ Blake Nordstrom, a top executive and heir to the department-store dynasty, has died. Here's how the Nordstrom family built their store empire.
  + stars: | 2019-01-04 | by ( Jessica Tyler | ) www.businessinsider.com   time to read: +2 min
Blake Nordstrom's brothers, Pete and Erik Nordstrom, will continue to lead the company as co-presidents. Nordstrom, initially a shoe store, was founded by John W. Nordstrom and Carl F. Wallin in Seattle in 1901. John Nordstrom handed down the shoe store to his three sons, and over time it grew from a local Seattle business to the largest independent shoe store chain in the US. In 1971, the third generation of Nordstroms took the company public before opening the clearance outlet Nordstrom Rack in 1973. The fourth generation of Nordstroms — Blake, Pete, and Erik — took Nordstrom digital in 1998, launching Nordstrom.com.
<< prev 1 next >>
Total: 8