Nordstrom Stock Price, News & Analysis

Nordstrom, Inc. (NYSE: JWN) announced that CEO Erik Nordstrom and CFO Anne Bramman will participate in a fireside chat hosted by Telsey Advisory Group on June 21, 2022, at 2:00 p.m. EDT. This session can be accessed live via the Events & Presentations section on investor.nordstrom.com. An archived version will be available for one year post-event. Nordstrom continues to emphasize customer service through its extensive digital and physical retail presence.

Nordstrom, Inc. (NYSE: JWN) announced that CEO Erik Nordstrom and CFO Anne Bramman will participate in a fireside chat at the Evercore ISI Consumer & Retail Conference on June 7, 2022, at 1:15 p.m. EDT. The session will be available for live streaming on the company’s investor relations website, with an archived version accessible for one year post-event. Nordstrom focuses on providing an exceptional shopping experience through more than 350 locations and digital platforms, emphasizing customer service and sustainability.

Nordstrom, Inc. (JWN) reported a 19% increase in total company sales for Q1 2022, with net earnings of $20 million and an EPS of $0.13. Excluding special items, adjusted loss per share was $0.06. The company saw a 18.7% rise in net sales versus Q1 2021, with double-digit growth from both Nordstrom and Nordstrom Rack banners. The board authorized a $500 million share repurchase program. Nordstrom anticipates 6-8% revenue growth for FY 2022, with EPS guidance between $3.38 and $3.68.

Nordstrom, Inc. (NYSE: JWN) has declared a quarterly dividend of 19 cents per share, scheduled for payment on June 15, 2022. Shareholders of record as of May 31, 2022 will be eligible. This decision reflects the company’s commitment to returning value to its shareholders while maintaining a focus on customer service and digital engagement.

Nordstrom, Inc. (NYSE: JWN) will report its first quarter 2022 financial results on May 24, 2022, after market close. A conference call will follow at 4:45 p.m. EDT, where senior management will present a business update and discuss the financial results and 2022 outlook. The call will be accessible via audio webcast or telephone. For replay, the call will be archived for at least one year on Nordstrom's investor relations site.

Nordstrom released its 2021 Impact Report detailing progress towards 2025 Corporate Responsibility and Diversity goals. Key achievements include donating over $11 million to 325 organizations and about 40,000 pairs of shoes to children in need. Environmentally, Nordstrom met its goal of extending the life of 250 tons of clothing through various programs. Additionally, they committed to purchasing 10x more from Black-owned businesses by 2030. The report emphasizes a commitment to sustainability, community support, and employee engagement.

Nordstrom, Inc. (NYSE: JWN) will open a new Nordstrom Rack store in North Hollywood, Los Angeles, in spring 2023. The 26,350 sq ft store is part of the NOHO West complex, featuring various retail options. Chief Stores Officer Jamie Nordstrom expressed excitement about enhancing customer convenience and access to popular brands at competitive prices. The new location will complement Nordstrom's network in the LA area, promoting both in-store shopping and online order pickups.

Nordstrom, Inc. (NYSE: JWN) announced the retirements of Scott Meden, chief marketing officer, and Geevy S.K. Thomas, president of Nordstrom Rack, effective April 4, 2022. Meden’s career spanned 37 years, significantly contributing to growth, while Thomas oversaw sales growth at Nordstrom Rack from $1.4 billion to $4.8 billion during his 39-year tenure. Ken Worzel has been appointed Chief Customer Officer, responsible for customer strategy and digital platforms, and Jamie Nordstrom has been named Chief Stores Officer, expanding his role to oversee store operations and strategy.