• Fri, Feb. 24, 9:03 AM
    • Nordstrom (NYSE:JWN) tracks higher after Q4 sales came in ahead of expectations.
    • Comparable sales were down 0.9% for the quarter.
    • Strong inventory execution led to a 112 bp improvment in gross margin rate to 36.0% of sales.
    • The women's apparel and beauty categories were the best performers across U.S. full-line stores.
    • Comparable sales were up 4.3% for the Nordstrom Rack business. Total Rack sales jumped 10.7%.
    • Nordstrom guides for sales growth of 3% to 4% in 2017 and EPS of $2.75 to $3.00.
    • On the conference call, execs said there was no ongoing impact from dropping the Ivanka Trump line of clothes after sales dropped off dramatically over the last few months.
    • Previously: Nordstrom beats by $0.12, misses on revenue (Feb. 23)
    • JWN +1.96% premarket to $44.80.
    Fri, Feb. 24, 9:03 AM | 2 Comments
  • Thu, Feb. 23, 4:07 PM
    • Nordstrom (NYSE:JWN): Q4 EPS of $1.27 beats by $0.12.
    • Revenue of $4.32B (+3.1% Y/Y) misses by $30M.
    • Shares +3.55%.
    • Press Release
    Thu, Feb. 23, 4:07 PM | 6 Comments
  • Thu, Feb. 23, 10:03 AM
    • Dismal guidance from L Brands (LB -15.7%) is taking shares of other mall retailers lower. Kohl's (KSS -0.1%) also delivered an uninspiring Q4 earnings report, although it topped estimates.
    • While a surprising 20% drop in comparable sales for the once-resilient Victoria's Secret was alarming, the broader theme impacting the sector is that L Brands is having trouble selling soap, candles and higher-margin bras amid lower mall traffic.
    • Notable decliners include Urban Outfitters (URBN -2.5%), American Eagle Outfitters (AEO -2.3%), Nordstrom (JWN -2.7%), Stein Mart (SMRT -1.6%), Buckle (BKE -2.8%), Tilly's (TLYS -1.4%), J.C. Penney (JCP -2.1%), Abercrombia & Fitch (ANF -2%), Gap (GPS -1.7%), Tailored Brands (TLRD -0.4%) and Express (EXPR -2.2%).
    • Previously: Kohl's sets initial 2017 guidance (Feb. 23)
    • Previously: Weakness at Victoria's Secret impacts L Brands (Feb. 22)
    • Previously: L Brands roundup: Multi-year low amid soap, candles, bras sales pressure (Feb. 23)
    Thu, Feb. 23, 10:03 AM | 13 Comments
  • Wed, Feb. 22, 5:35 PM
  • Fri, Feb. 17, 9:18 AM
    • Nordstrom (NYSE:JWN) declares $0.37/share quarterly dividend, in line with previous.
    • Forward yield 3.35%
    • Payable March 15; for shareholders of record March 1; ex-div Feb. 27.
    Fri, Feb. 17, 9:18 AM
  • Fri, Feb. 17, 9:05 AM
    • Nordstrom (NYSE:JWN) approves a share repurchase allowance of up to $500M.
    • The company intends to fund the repurchase program from existing cash on hand.
    • Source: Press Release
    Fri, Feb. 17, 9:05 AM | 3 Comments
  • Fri, Feb. 17, 8:57 AM
    • Piper Jaffray sees some sideways action for a trio of department stocks.
    • Nordstrom (NYSE:JWN) is rated at Neutral, with a price target of $41 vs. $44.18 close yesterday.
    • Kohl's (NYSE:KSS) is set at Neutral, with a PT of $40 vs. $41.53 prior close.
    • J.C. Penney (NYSE:JCP) also lands a Neutral rating, with a $8 PT vs. $7.03 prior close.
    Fri, Feb. 17, 8:57 AM | 7 Comments
  • Mon, Feb. 13, 12:14 PM
    • Cowen and Company lowers its price target on Nordstrom (JWN -0.2%) to $50 from $64, while keeping an Outperform rating in play. The new PT from Oliver Chen is based off of a clipped Q4 EPS estimate of $1.12 vs. $1.16 consensus.
    • Chen's Q4 take: "Redeeming features include JWN entering 4Q with clean inventories (+0.4% y/y vs. revenue growth of +6.4%), traditionally JWN has not articulated incoming tourism risk from the stronger dollar, and the S&P performance was actually quite strong in 2016 (+9.5%) – so JWN’s core full price customer could be just fine."
    • The analyst prefers JWN over sector peers JCP, M and KSS.
    • The bull-to-bear ratio on Wall Street is almost evenly split (8 Buys, 12 Holds, 7 Sells).
    Mon, Feb. 13, 12:14 PM | 1 Comment
  • Sun, Feb. 12, 11:39 AM
    • A plan by Amazon (NASDAQ:AMZN) to sell its own line of bras and intimate apparel off its website will be closely watched by the retail sector to see if one of the last of the e-commerce holdout categories finally succumbs. The Wall Street Journal broke the news on Friday and tips that the Amazon line could be introduced within a few weeks.
    • Some industry insiders think Amazon will have a hard time selling to first-time customers who want to feel and touch their lingerie products, while others warn that the sub-$10 pricing from the Seattle company could rattle the bra market as Generation Z factors in.
    • Calvin Klein (NYSE:PVH), Victoria's Secret (NYSE:LB), Target (NYSE:TGT), Nordstrom (NYSE:JWN) and American Eagle Outfitters (NYSE:AEO) are a few of the companies that could be impacted by the new Amazon apparel push.
    Sun, Feb. 12, 11:39 AM | 76 Comments
  • Sun, Feb. 12, 9:11 AM
    • Trump-branded consumer products have suffered new blows, with Sears (NASDAQ:SHLD) and Kmart discontinuing online sales of 31 Trump Home items.
    • The retailers said their decision was part of a push to focus their online business on the most profitable items.
    • New details have also emerged showing Ivanka Trump's fashion line tumbling 32% at Nordstrom (NYSE:JWN) last fiscal year, with the declines deepening more than 70% around the U.S. presidential election.
    • Previously: Investors bid up Nordstrom after Ivanka dumping (Feb. 09 2017)
    Sun, Feb. 12, 9:11 AM | 200 Comments
  • Thu, Feb. 9, 9:51 AM
    • Nordstrom (NYSE:JWN) is up another 2.40% to extend on yesterday's rally after the company decided to stop selling the Ivanka Trump line of clothing.
    • The company said the business decision was based on sales trend, a contention backed up by data from Slice which showed a 66% Y/Y drop in Ivanka-related sales in November and December.
    • POTUS and White House Press Secretary Sean Spicer have both made digs at Nordstrom over the issue.
    • Shares of Nordstrom are down 10.11% over the last 52 weeks, compared to the 12.46% gain for the S&P Retail ETF.
    Thu, Feb. 9, 9:51 AM | 53 Comments
  • Thu, Feb. 9, 6:27 AM
    • The White House has defended President Trump's criticism of Nordstrom (NYSE:JWN) saying the firm's decision to drop his daughter Ivanka's clothing line for the coming season was a politically motivated attack.
    • "I think this was less about his family's business than an attack on his daughter," spokesman Sean Spicer told a news briefing.
    • Nordstrom says its decision was based on performance.
    Thu, Feb. 9, 6:27 AM | 6 Comments
  • Wed, Feb. 8, 10:10 AM
    • Cleveland Research warns that Nordstrom (JWN) will report Q4 comparable sales below the consensus estimate due to ongoing weakness at stores.
    • The boutique firm also expects a weak outlook from Nordstrom for 2017, according to Bloomberg.
    • Nordstrom is due to spill Q4 numbers on February 16.
    • Shares of Nordstrom are down 32% from their 52-week high amid a cooling off on the department stock from Wall Street.
    • Previously: Stifel Nicolaus sweating out Nordstrom numbers (Jan. 17)
    • Previously: Goldman Sachs negative on URBN and JWN (Feb. 2)
    Wed, Feb. 8, 10:10 AM | 5 Comments
  • Fri, Feb. 3, 10:20 AM
    • The department store is ablaze after the WSJ reports Hudson's Bay is in talks with Macy's about a potential takeover.
    • J.C. Penney (JCP +1.5%), Kohl's (KSS +1.6%), Nordstrom (JWN +3.1%), Dillard's (DDS +2.3%) and Bon-Ton Stores (BONT +7.6%) have all moved higher.
    • Previously: Macy's spikes off of Hudson's Bay takeover talk (Feb. 3)
    Fri, Feb. 3, 10:20 AM | 5 Comments
  • Fri, Feb. 3, 9:06 AM
    • Shares of Nordstrom (NYSE:JWN) are down 2.46% in premarket action.
    • A weak earnings report from Deckers Outdoor could be a factor in the negative sentiment. Bloomerg observes that Nordstrom is a top Deckers customer.
    • Previously: Post-earnings collapse for Deckers Outdoor (Feb. 2)
    Fri, Feb. 3, 9:06 AM | 3 Comments
  • Fri, Feb. 3, 3:25 AM
    • Nordstrom (NYSE:JWN) won't be selling Ivanka Trump's merchandise in its stores for the spring season, but the department store denied any political motivation or connection with anti-Trump activist group called "Grab Your Wallet."
    • "Each year we cut about 10% [of brands] and refresh our assortment with about the same amount," Nordstrom said. "In this case, based on the brand's performance we've decided not to buy it for this season."
    Fri, Feb. 3, 3:25 AM | 8 Comments