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Top related persons:
Nordstrom - 2 Deborah Sophia - 1 Devika - 1 We're - 1 Erik Nordstrom - 1 Ryan Cohen - 1 Chewy - 1 refreshes - 1
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Nordstrom Inc - 1 Abercrombie - 1 Fitch - 1 Target Corp - 1 Home Depot Inc - 1 Thomson - 1 Nordstrom - 1 GameStop - 1

Search resuls for: "Nordstrom's"


22 mentions found


☆ Nordstrom beats quarterly sales estimates as apparel demand holds up
  + stars: | 2023-05-31 | by ( ) www.reuters.com   time to read: +2 min
May 31 (Reuters) - Nordstrom Inc (JWN.N) beat market estimates for first-quarter sales on Wednesday as demand from wealthy shoppers cushioned a wider, inflation-driven slowdown in spending on clothing and accessories. In a bid to attract more budget-conscious shoppers, Nordstrom has been opening new stores under its off-price banner Rack. While quarterly sales at Rack decreased 11.9%, Nordstrom said trends improved later in the quarter, driven by its moves to stock up shelves with crowd-favorite brands. The company also reported a 110-basis-point increase in quarterly gross margin, thanks to easing cost pressures and tighter inventory management. On an adjusted basis, the company reported a profit of 7 cents per share.
Persons: Nordstrom, Deborah Sophia, Devika Organizations: Nordstrom Inc, Abercrombie, Fitch, Target Corp, Home Depot Inc, Thomson Locations: Bengaluru
☆ Nordstrom tops Wall Street's first-quarter sales expectations, even as shoppers spend less
  + stars: | 2023-05-31 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com   time to read: +5 min
Yet despite declining sales, Nordstrom stressed its progress with managing inventory, cutting costs and drawing shoppers, especially to the off-price brand Nordstrom Rack. Sales at Nordstrom Rack improved late in the quarter, with the strongest performance in April, the retailer said in a news release. Nordstrom 's fiscal first-quarter sales topped Wall Street's expectations on Wednesday, even as the retailer reported a spending drop and predicted slower sales in the coming months. The company's total revenue, including credit card sales, fell about 11% from $3.57 billion in the year-ago quarter, but surpassed Wall Street's expectations. Net sales at Nordstrom's namesake stores decreased 11.4% year over year, while net sales for Nordstrom Rack dropped 11.9%.
Persons: We're, Erik Nordstrom, Nordstrom, Ryan Cohen, Chewy, refreshes, Activewear, Jamie Nordstrom Organizations: Nordstrom, GameStop, CNBC Locations: Canada, U.S, Nordstrom
☆ As shoppers look for savings, Nordstrom hopes Rack stores can fuel its revival
  + stars: | 2023-05-12 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com   time to read: +9 min
The success or failure of the Nordstrom Rack turnaround effort could shape the company's future. Those chains such as T.J.Maxx , Ross Stores and Burlington Stores , have opened more stores and wooed new customers, driving higher foot traffic than Nordstrom Rack has seen. Nordstrom Rack stores outnumber the company's namesake stores, with 241 locations across the country, according to company filings. Nordstrom Rack stores accounted for more than 40% of new customers in 2022, CEO Erik Nordstrom said on the March earnings call. As it pins its growth hopes on the off-price locations, Nordstrom has turned Rack stores into e-commerce hubs, too.
☆ I volunteered to be laid off from Amazon so I could try being a standup comedian
  + stars: | 2023-04-01 | by ( Sam Tabahriti | ) www.businessinsider.com   time to read: +4 min
Sarah Whiteman, 26, volunteered to be laid off at Amazon in January as part of its mass job cuts. I joined Amazon Web Services as a recruiter in April 2020, after being laid off from Nordstrom's finance department after the pandemic struck. I absolutely loved working at Amazon, and I moved into different roles before becoming a program manager for a new team handling onboarding across all of Amazon. Even though it was a great role and I loved the team, I volunteered to be laid off as part of Amazon's January 2023 layoffs. So I posted on LinkedIn about how I chose bravery following the layoffs, trying out standup while looking for another role.
☆ Nordstrom earnings top expectations, retailer says it's winding down Canada operations
  + stars: | 2023-03-02 | by ( Melissa Repko | ) www.cnbc.com   time to read: +3 min
Nordstrom on Thursday reported lower sales and profits for the holiday quarter, although earnings topped Wall Street's expectations. For the new fiscal year, Nordstrom expects revenue to fall 4% to 6%, including a negative impact from Canadian store closures and a positive impact from a 53rd week. As of Jan. 28, the company said it had six Nordstrom stores and seven Nordstrom Rack stores in Canada. It expects to finish Canadian store closures in Canada by late June. Even before Nordstrom reported earnings, it cut its forecast and told investors that it had a rough holiday.
☆ T.J. Maxx and HomeGoods are reaping huge benefits from store closures and shopping slowdowns that are crushing other retailers
  + stars: | 2023-02-23 | by ( Avery Hartmans | ) www.businessinsider.com   time to read: +3 min
T.J. Maxx and HomeGoods are benefiting from the struggles other retailers are facing, parent company TJX says. Store closures and slowdowns mean there's more, better inventory for TJX brands to choose from. TJX is also seeing an influx of customers as competing brands close stores nationwide. Those struggles have led customers to flock to TJX chains, Herrman said. "We're attracting new customers, we're opening new stores, and we're likely to benefit from other home store closures," Herrman said.
☆ Investor Ryan Cohen takes stake in Nordstrom - WSJ
  + stars: | 2023-02-03 | by ( ) www.reuters.com   time to read: +2 min
The billionaire investor believes it is inappropriate for Tritton, who used to work at Nordstrom from 2009 to 2016, to be deciding compensation for Nordstrom family members who are executives at the company, as he used to work around them, according to WSJ. Cohen has previously traveled to Seattle, where Nordstrom is based, to meet with members of the family and learn more about the business, WSJ said. Both Cohen and Nordstrom did not immediately respond to Reuters requests for comment. The department store chain in September last year adopted a "poison pill" to prevent investors from amassing 10% or more of its shares, after Mexican department store chain Liverpool (LIVEPOLC1.MX) disclosed a 9.9% passive stake in Nordstrom. Cohen also had a 9.8% stake in Bed Bath & Beyond, which he sold in August, following a stunning rally in the stock.
☆ Billionaire Cohen builds stake in Nordstrom, urges board shakeup
  + stars: | 2023-02-03 | by ( Svea Herbst-Bayliss | ) www.reuters.com   time to read: +3 min
Cohen has privately called Tritton, a former chief executive of Bed Bath & Beyond, "conflicted and unqualified," said the people, who were not permitted to discuss the private negotiations. Bed Bath & Beyond is preparing to file for bankruptcy, Reuters reported this week. Investors cheered Cohen's reported involvement at Nordstrom by sending the stock price up 25% in after-hours trading on Thursday. The Wall Street Journal first reported Cohen's stake in Nordstrom. As possible replacements on the Nordstrom board, Cohen has identified executives with experience at retail and e-commerce companies, the people said.
☆ Nordstrom stock surges after report says activist investor Ryan Cohen bought a stake
  + stars: | 2023-02-03 | by ( Mike Calia | ) www.cnbc.com   time to read: +2 min
Shares of Nordstrom surged Friday morning following news that activist investor and meme stock maven Ryan Cohen bought a stake in the high-end department store company. The Journal said Cohen is now one of Nordstrom's top five nonfamily shareholders. Cohen, who founded pet retail and health site Chewy , is considered a champion of the meme stock crowd. He also triggered a brief rally in Bed Bath & Beyond last year before he ultimately dumped out of the stock. Bed Bath is expected to file for bankruptcy protection any day now.
☆ Nordstrom could use an activist, but Ryan Cohen might not be the right one
  + stars: | 2023-02-03 | by ( Christina Cheddar Berk | ) www.cnbc.com   time to read: +6 min
Activist investor Ryan Cohen is building a stake in the department store chain as he looks to shake up its board, people familiar with the matter told CNBC. Tritton had once worked at Nordstrom, and Cohen thinks this makes him "conflicted and unqualified" to serve, the Journal report said. JWN 1D mountain Nordstrom shares surged after a report says Ryan Cohen is building a stake in the department store chain. 'Begs for an activist' The department store business hasn't been an easy one as shoppers buy more goods online or look to avoid large malls. The analyst also recalled that El Puerto de Liverpool, a Mexico City-based department store operator, holds a 10% stake in Nordstrom.
☆ Stocks making the biggest moves before the bell: Apple, Alphabet, Amazon, Starbucks and more
  + stars: | 2023-02-03 | by ( Hakyung Kim | ) www.cnbc.com   time to read: +3 min
Alphabet earned $1.05 per share, lower than the expected earnings of $1.18 per share, according to consensus estimates from Refinitiv. Ford – Shares of Ford slipped 6.5% after the company reported earnings that badly missed Wall Street's earnings expectations. Starbucks reported earnings per share of 75 cents compared to Refinitiv analysts' projections of 77 cents. Revenue also fell short of the $8.78 billion Refinitiv estimates, coming in at only $8.71 billion. Qualcomm's revenue fell 12% year over year during the quarter.
☆ Jim Cramer's top 10 things to watch in the market Friday: Jobs way up, stocks down, tech tough
  + stars: | 2023-02-03 | by ( Jim Cramer | ) www.cnbc.com   time to read: +4 min
Every penny gained in other tech stocks on the back of Meta Platforms ' (META) earnings surge this week needs to be given up. High growth, growth, no growth, declining growth ... which box are we in for each portfolio stock? Quarterly revenue beat. I say sell, sell, sell Nordstrom. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
☆ Stocks making the biggest moves after hours: Netflix, Nordstrom and more
  + stars: | 2023-01-19 | by ( Carmen Reinicke | ) www.cnbc.com   time to read: +1 min
In this photo illustration the Netflix logo seen displayed on a smartphone screen, with graphic representation of the stock market in the background. Netflix – Shares of Netflix jumped 6.3% after the company's per-share earnings came short of analysts' expectations. Nevertheless, the latest quarterly results showed the streaming service added millions more subscribers in the quarter than Wall Street anticipated. Nordstrom – Nordstrom shares fell 6.5% after the company cut its annual profit forecast for its fiscal year following weak holiday sales. Retail stocks – Following Nordstrom's weak holiday earnings report and year-end forecast, other retailers slumped.
☆ Nordstrom says holiday season softer than pre-pandemic levels
  + stars: | 2023-01-19 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNordstrom says holiday season softer than pre-pandemic levelsCNBC's Ylan Mui reports on Nordstrom's holiday sales numbers. With Hightower's Stephanie Link and Trivariate's Adam Parker.
☆ Retail advertising will make $45 billion this year — here are 3 ways companies like Nordstrom and Albertsons are looking to cash in
  + stars: | 2023-01-17 | by ( Lauren Johnson | ) www.businessinsider.com   time to read: +4 min
Many big retailers are building ad businesses this, which Insider Intelligence predicts will be a $45 billion opportunity in the US this year. Leaders from Albertsons and Nordstrom spoke during the panel about how they plan to grab that money. But retailers also need to grow their advertising businesses beyond those companies to so-called non endemic advertisers, like automakers and insurance companies. Argyilan said Albertsons is also working on a tool to help advertisers plug Albertsons' measurement into their broader measurement efforts. "I think measurement needs to grow up quite a bit in retail media space," she said.
☆ See the 13-slide pitch deck wellness startup Blume used to raise $1.8 million in 5 weeks
  + stars: | 2023-01-09 | by ( Amber Gibson | ) www.businessinsider.com   time to read: +4 min
She recently raised 2.5 million Canadian dollars, or about $1.8 million, from investors like Judy Brooks. Her pitch deck focused on the sustainability of her business — here's what it looked like. In 2017, she took her creations and started Blume. "When I first started Blume, we didn't have barcodes on our packages, and we hand-stickered the packages in my living room," Danudjaja said. Here's the pitch deck she used for her first raise.
☆ Arielle Charnas' company, Something Navy, is floundering amid dwindling sales, an employee exodus, and furious suppliers
  + stars: | 2022-12-08 | by ( Katie Warren | ) www.businessinsider.com   time to read: +36 min
From the outside, it doesn't look as if Charnas' company is in trouble. Mark Sagliocco/Getty Images for Beach MagazineSeveral former employees told Insider they cut ties with Something Navy because they saw signs the company was struggling. Several current and former Something Navy employees told Insider they'd been inundated with emails since the spring from suppliers, freelancers, and models asking where their money was. In one email viewed by Insider, Scanlan told a supplier that cash was tight but promised payment was on the way. The current Something Navy employee said that based on data she'd seen, the retail locations most likely don't turn a profit.
☆ 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.
☆ Stocks making the biggest moves after hours: Nordstrom, Autodesk and more
  + stars: | 2022-11-22 | by ( Sarah Min | ) www.cnbc.com   time to read: +1 min
Nordstrom — Shares fell more than 4% after the department store cut its forecast. Nordstrom's latest results beat profit and sales expectations, according to consensus expectations on Refinitiv. Autodesk — The stock dropped more than 7.8% after the software company issued fourth-quarter revenue guidance that missed expectations, even as Autodesk reported quarterly results that came in line with forecasts. VMware — Shares fell nearly 2% after the cloud computing company missed profit and sales expectations in its most recent quarter. According to Refinitiv, the company was expected to earn $1.58 per share on revenue of $3.35 billion.
☆ This 45-year-old makes $39,000 a month selling vintage buttons as necklaces—and only works 20 hours a week
  + stars: | 2022-10-11 | by ( Megan Sauer | ) www.cnbc.com   time to read: +3 min
Nicole Tocci started flipping vintage Chanel buttons into necklaces in 2016. Their popularity eventually convinced her to build a standalone website for her side hustle, called One Vintage Button, at the end of 2020. This year, Tocci has already made $351,900 selling repurposed button necklaces, primarily sourcing her vintage finds from Chanel clothing. How to build a button businessTocci leveraged that trust to start One Vintage Button. Nicole Tocci
☆ 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.
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