Yesterday, 1:13 PM
- Nordstrom (NYSE:JWN) announces plans to expand its partnership with Madewell by adding the apparel brand to an additional 20 stores this fall.
- The company says the move is the third distribution expansion since the initial launch of the partnership in March of 2015.
- Madewell will be in a total of 76 Nordstromg locations after the roll-out.
- Source: Press Release
Mon, Jul. 25, 11:09 AM
- Apparel store stocks are off and running today on some broad strength.
- The sector has seen more buying action of late after hitting a prolonged rough patch. A couple of solid reports on June sales from key retailers and some calming down of the recent civil unrest has contributed to improved outlook.
- Notable gainers include Gap (GPS +3.5%), Nordstrom (JWN +3.3%), L Brands (LB +2.9%), Urban Outfitters (URBN +2.8%), Macy's (M +2.3%), Kohl's(KSS +1.7%), Francesca's Holdings (FRAN +1.5%), Chico's FAS (CHS +2.1%), Tailored Brands (TLRD +1.5%), and DSW (DSW +1.8%).
Mon, Jul. 11, 11:26 AM
- Supply chain speclist Dsco announces an expanded partnership and strategic investment from Nordstrom (NYSE:JWN) aimed at supporting growth.
- The investment follows a successful partnership in which Nordstrom deployed Dsco to help manage its distributed inventory, order fulfillment, and drop shipments for the department store's website.
- Dsco says it's transitioning Nordstrom's drop ship supply chain into the Dsco supply network.
- "We're impressed by Dsco's innovative approach to improve the online experience and as the Dsco network grows we'll be able to further reduce complexity with our brand partners across our supply chain," says Nordstrom merchandising exec teri Bariquit.
- Source: Press Release
Tue, Jul. 5, 7:53 AM
- Shares of Nordstrom (NYSE:JWN) are on watch after Miller Tabak boosts its rating on the department store stock to Buy from Hold.
- The investment firm thinks valuation is attractive after the sharp 31% drop in Nordstrom's share price over the last 90 days.
- Nordstrom is in the middle of an aggressive cost-cutting initiative and major switch in its operating model.
Tue, Jun. 21, 12:30 PM
Fri, Jun. 17, 10:03 AM
- Gap (GPS +3.7%) is back over $20 for the first time in over a month with some improved sentiment bubbling up over the retail sector.
- The retailer's +4.5% dividend yield may be luring in some buyers
- Other retail movers ahead of broad averages in early action include Nordstrom (JWN +2.3%), Tailored Brands (TLRD +3.6%), Pier 1 Imports (PIR +3.6%), Best Buy (BBY +2.8%), and DSW (DSW +2.5%). Perhaps it's coincidence, but all those companies boast a dividend yield of over 3%.
Wed, Jun. 15, 10:24 AM
- Department store stocks are off and running in a surprising move higher. There wasn't an encouraging read on the category in yesterday's retail sales report or anything particularly bullish out from Wall Street today on the sector.
- Some traders think that names in the sector could see some upside with more "strategic" announcements expected during the slate of investor conference scheduled for this month.
- Gainers include Sears Holdings (SHLD +9.7%), J.C. Penney (JCP +5%), Kohl's (KSS +3.4%), Macy's (M +3.8%), Nordstrom (JWN +3.8%), Dillard's (DDS +3%), and Stage Stores (SSI +3.2%).
- Previously: Healthy spending in pockets of retail (June 14)
Thu, Jun. 9, 12:23 PM
- Retail stocks are broadly lower after a weak earnings report from Restoration Hardware (RH -21.2%) set a gloomy tone. The S&P Retail ETF (NYSEARCA:XRT) is 1.91% lower on the day.
- Williams-Sonoma (WSM -4.8%) and Bed Bath & Beyond (BBBY -3.7%) are down sharply after the RH guidance dud.
- Mall chain and department store stocks are also seeing some anxious trading as investors continue to bet on discounters and variety stores which target budget shoppers.
- Notable decliners include Ascena Retail (ASNA -5.4%), Guess (GES -3.2%), Nordtrom (JWN -3.1%), Urban Outfitters (URBN -2.6%), Cato (CATO -2.6%), DSW (DSW -2.6%), and Gap (GPS -2%).
- Target (NYSE:TGT) is down 1.6% after a rough annual meeting where there was much more attention paid to the company's transgender bathroom policy than execs probably desired.
- Retail ETFs: XLY, XRT, VCR, RTH, RETL, FXD, FDIS, RCD, PMR, JHMC, CNDF
Thu, Jun. 2, 2:55 PM
- Michael Kors (KORS +4.1%) weighed in on the department store channel during its earnings call yesterday. The negative stance on department stores could tip off more pressure within the sector (M, JWN, DDS, JCP, KSS) in holding onto some high-end brands.
- "We believe that the North America retail environment remains highly promotional, which is impacting the long-term brand equity of Michael Kors," said CEO John Idol.
- "We’ve seen that magnified over the last 12 months and it’s not healthy for the Michael Kors brand,” he added.
- “We’ll create a healthier demand for our wholesalers and ourselves by reducing the [number of] units we put out there,” summed up Idol on future strategy with department stores.
- Michael Kors earnings call transcript
Wed, May 25, 7:42 AM
- Nordstrom (NYSE:JWN) is removing Michael Kors (NYSE:KORS) handbags from its stores at a rapid pace, according to a report from Wedbush.
- Nordstrom managers were quoted as saying declining interest from shoppers for MK products led to the decision.
- Macy's is offering discounts on Kors handbags due to a oversupply.
- Both Nordstrom and Macy's reported weak Q1 earnings due in part to a drop in foot traffic at stores.
Fri, May 20, 10:11 AM
- Look for L Brands (NYSE:LB) to pop up on some dividend screens after the company increased its dividend payout rate by 20% earlier today.
- The bump on top of L Brands' 20% decline in share price gives new buyers a 3.84% yield.
- Other apparel chains with dividend yields suddenly looking a bit attractive to investors who think the worse may be over for the retail sector are Gap (NYSE:GPS) at 5.32%, Guess (NYSE:GES) at 5.30%, and Nordstrom (NYSE:JWN) at 3.99%.
- Tailored Brands (NYSE:TLRD) is ahead of the whole apparel chain pack with a 5.70% yield for new buyers.
- Previously: L Brands Inc declares $0.60 dividend (May 20)
Thu, May 19, 11:57 AM
Sat, May 14, 11:01 AM
- The retail sector stays in focus next week with Target (NYSE:TGT), Wal-Mart (NYSE:WMT), TJX Companies (NYSE:TJX), and Ross Stores (NASDAQ:ROST) all due to report on Q1 earnings to follow on a week of dismal reports and guidance from the department store sector (Nordstrom, L Brands, Macy's, Kohl's). Home improvement chains Home Depot (NYSE:HD) and Lowe's (NYSE:LOW) are also due to spill numbers.
- The story from the Commerce Department's April read of retail sales (+3.0% Y/Y, +1.3% M/M) is one of a consumer spending on housing, entertainment, and personal care/fitness over apparel and general merchandise. The 10% Y/Y gain in the nonstore retailer category also tipped that the Amazon (NASDAQ:AMZN) Effect is magnifying.
- Amplify ETFs CEO Christian Magoon tells Seeking Alpha that the traditional retail model appears to be broken. Amplify's Online Retail ETF (NASDAQ:IBUY) is a bet on companies such as Netflix (NASDAQ:NFLX), GrubHub (NYSE:GRUB), Blue Nile (NASDAQ:NILE), and Shopify (NYSE:SHOP) that are reeling in millennial dollars.
- Magoon on retail: "Traditional retailers face the headwinds of higher cost structures including the very real threat of increasing wages in the form of the $15 minimum wage campaign. Less flexible with inventory management, they also are more vulnerable to issues like weather and changing consumer preferences."
- Retail ETFs: XLP, XLY, VDC, XRT, VCR, RTH, RETL, FXG, PBJ, IYK, FXD, IYC, RHS, FDIS, PEJ, FSTA, PSL, SCC, RCD, UCC, PEZ, PMR, PSCC, UGE, PSCD, SZK, BITE.
- Apparel stocks: KATE, ANN, LULU, PVH, VNCE, CRI, UA, HBI, VFC, COLM, GIL, SQBG, JCP, KSS, DDS, M, JWN, ARO, AEO, ANF, WTSL, TLYS, CACH, ZUMZ, PSUN, EXPR, BKE, GIII, SQBG, HBI, VRA, ICON, SHOO, PERY, DXLG, BONT, GES, URBN, RL,GIL, NKE, OXM, HBI, VNCE, PERY, ICON, FL.
Fri, May 13, 12:45 PM
Fri, May 13, 9:17 AM
Fri, May 13, 8:54 AM
- Tongues are wagging over this mornings's fast April retail sales report, which comes amid a steady flow of weak earnings and lowered guidance from retailers like Macy's (NYSE:M), Kohl's (NYSE:KSS), and Nordstrom (NYSE:JWN), to name just three. So what's up?
- It turns out consumers are spending plenty, just not at traditional department stores, where sales are lower by 3% Y/Y through the year's first four months. In the meantime, sales at nonstore retailers are higher by 8.1%.
- Other areas of strength are building supplies up 9.7%, sporting goods up 7.4%, furniture up 5.6%, auto vehicle and parts up 4.5%, food services & bars up 7.4% (Shake Shack is ahead 5% this morning after strong results).
- Ten-year Treasury prices have given up their gains, with the yield now flat on the session at 1.745%.
- Consumer ETFs: XLP, XLY, VDC, XRT, VCR, RTH, RETL, FXG, PBJ, IYK, FXD, RHS, FDIS, FSTA, RCD, PMR, UGE, SZK, BITE, IBUY
Nordstrom, Inc. retails apparel, shoes, cosmetics and accessories. The company owns and operates stores for shoes, accessories for men, women and children. It operates through two reportable segments: Retail and Credit. The Retail segment includes 'Nordstrom' full-line stores, off-price... More
Industry: Apparel Stores
Country: United States
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