Nordstrom Stock Price, News & Analysis

Nordstrom (NYSE: JWN) reported strong holiday sales performance, with total Company net sales increasing 4.9% and comparable sales rising 5.8% for the nine-week holiday period ended January 4, 2025. The Nordstrom banner saw net sales growth of 3.7% with comparable sales up 6.5%, while Nordstrom Rack banner achieved 7.4% net sales growth with 4.3% comparable sales increase.

Based on these results, the company has raised its fiscal 2024 outlook. Revenue growth is now expected at 1.5-2.5% (including retail sales and credit card revenues) versus fiscal 2023, up from previous guidance of flat to 1.0% growth. Comparable sales growth forecast has been increased to 2.5-3.5% versus the prior outlook of 1.0-2.0%. The company will report detailed Q4 and full-year 2024 results on March 4, 2025.

Nordstrom (NYSE: JWN) has announced a definitive agreement to be acquired by the Nordstrom Family and Liverpool in an all-cash transaction valued at approximately $6.25 billion. Shareholders will receive $24.25 per share, representing a 42% premium to the closing price on March 18, 2024. Additionally, a special dividend of up to $0.25 per share is planned prior to closing.

Following the transaction's completion in the first half of 2025, Nordstrom will become private, with the Nordstrom Family owning 50.1% and Liverpool owning 49.9%. The deal requires approval from two-thirds of shareholders and will be financed through rollover equity, cash commitments, up to $450 million in borrowings, and company cash.

Nordstrom (NYSE: JWN) announced plans to open a new Nordstrom Rack store in Nashua, New Hampshire in spring 2025. The 30,000-square-foot store will be located in Royal Ridge Center, a popular shopping center featuring various retail stores. The new location will offer up to 70% off on apparel, accessories, beauty products, home decor, and shoes from top brands sold at Nordstrom stores. The store will provide services including online order pickup from Nordstrom.com and NordstromRack.com, returns, and alterations at select stores. This expansion aligns with Nordstrom's Closer to You strategy, focusing on delivering a more convenient and interconnected experience across stores and digital platforms.

Nordstrom (NYSE: JWN) has announced plans to open a new Nordstrom Rack store in Lubbock, Texas in fall 2025. The 30,000-square-foot store will be located in West End Center, alongside retailers like Costco and Nike Factory Outlet. The store will offer up to 70% off on brand merchandise and provide services including online order pickup from Nordstrom.com and NordstromRack.com.

This expansion adds to Nordstrom's existing Texas presence of 8 Nordstrom stores and 23 Nordstrom Rack locations, which currently employ over 3,700 people statewide. The new location aligns with the company's Closer to You strategy, focusing on delivering convenient and interconnected shopping experiences across stores and digital platforms.

Nordstrom NYC unveils 'The Blizz on 57th Street' holiday campaign at its flagship store, featuring larger-than-life inflatable characters voiced by John Waters and Fran Drescher. The installation, part of the Wonder All the Way campaign, transforms the store with interactive elements including Mr. Blizz at the entrance, Pigeonthia (a fortune-telling pigeon), and Wonder Ring (a token-operated machine). The experience includes a treasure map with sticker collection and the return of the Santa Snow Show from November 29th through December 24th. The display will run through January 5th, 2025, creating an immersive shopping destination and visual spectacle.

Nordstrom (JWN) reported strong Q3 2024 results with net earnings of $46 million and EPS of $0.27. Total net sales increased 4.6% with comparable sales up 4.0%. Nordstrom Rack showed significant growth with net sales up 10.6%, while the main Nordstrom banner sales increased 1.3%. Digital sales grew 6.4%, representing 34% of total sales. The company saw double-digit growth in women's apparel and active categories, with shoes, men's apparel, and kids showing mid to high single-digit growth. Gross profit margin improved to 35.6%, up 60 basis points from last year.

Nordstrom (NYSE: JWN) has announced that its board of directors has approved a quarterly dividend of 19 cents per share. The dividend will be payable on December 18, 2024, to shareholders who are on record at the close of business on December 3, 2024.

Nordstrom (NYSE: JWN) announced plans to open a new Nordstrom Rack store in Lakeland, Florida in fall 2025. The 30,000-square-foot store will be located in Lakeside Village shopping center. The new location will offer up to 70% off on apparel, accessories, beauty products, home decor, and shoes, along with services like online order pickup and returns. This expansion adds to Nordstrom's existing Florida presence of 6 Nordstrom stores and 19 Nordstrom Rack locations, which currently generate over 2,800 jobs statewide.

Nordstrom (NYSE: JWN) announced plans to open a new Nordstrom Rack store in Meridian, Idaho in fall 2025. The 25,000-square-foot store will be located in The Village at Meridian shopping center. The new location will offer up to 70% off on retail items and provide services including online order pickup from Nordstrom.com and NordstromRack.com. This expansion aligns with the company's Closer to You strategy, focusing on delivering a more interconnected experience across stores and digital platforms. The store will join other retailers like Lego, Evereve, Warby Parker, and Brandy Melville in the shopping center.