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JWN

Nordstrom Inc.

6/19/2013, 9:36 AM ET

Quote & Headlines Market Currents StockTalk

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| Earnings
| Dividends
| M&A
| On the move

Monday, June 17, 12:38 PM Nordstrom (JWN +0.3%) has big plans to expand the number of Rack stores it operates, according to Women's Wear Daily. The retailer will add 24 stores this year and aims to have 230 Rack stores up and running by 2016. Comment! [Consumer]
Thursday, June 13, 8:43 AM More on May Retail Sales: As expected the late start to the spring season helped boost the building material & garden equipment category (HD, LOW, SHLD, WMT) as sales improved 0.9% M/M and 10.1% Y/Y. Grocery store sales (KR, SVU, SWY, WFM) were solid during the month, while department store sales (KSS, DDS, JCP, M, JWN) came in a touch light. Comment! [Consumer, U.S. Economy]
Thursday, June 6, 8:04 AM Sterne Agee initiates Nordstrom (JWN) at Buy with a $70 price target citing the same list of "long-term structural advantages" it used to justify its recent Costco call. Comment! [Consumer]
Tuesday, June 4, 9:03 AM More on ICSC Retail Store Sales: The retail reading from Memorial Day week was solid as some pent-up demand was released. Department stores (M, JWN, KSS, JCP, SKS, DDS, SHLD, BONT, TJX) showed strength - while furniture sales (RH, HOFT, FBN, HVT, PIR, ETH, BSET) didn't quite keep up. Comment! [Consumer]
Friday, May 31, 8:45 AM A below par reading on personal spending for April was affected by lower gas prices and home heating bills and isn't a biting indictment on retail spending (AEO, ANF, ARO, BBBY, BBY, BJ, CHS, COH, COST, DG, DLTR, GPS, HD, JCP, JWN, KSS, LOW, LTD, M, NDN, NKE, ODP, PIR, PLCE, RSH, SKS, SPLS, TGT, TJX, URBN, WMT, WSM, ZLC), according to economists. Auto sales also cooled off just a bit in April which had an impact. So far, retail trends have been largely favorable in May as the height of the spring selling season shifted a few weeks later. 4 Comments [Consumer]
Wednesday, May 29, 8:04 AM This week's ICSC-Goldman report on store sales highlighted strength at department stores (M, JWN, KSS, JCP, SKS, DDS, SHLD, BONT, TJX) during the Memorial Day weekend. It's a positive sign for the sector after the weather was widely blamed for the sluggish start to the spring selling season. Comment! [Consumer]
Wednesday, May 22, 1:16 PM More on Saks-Neiman Marcus: A combination of the two high-end retailers could help save costs through store closings and would give rival Nordstrom (JWN +0.5%) plenty to think about. Still, striking a deal price could be very tricky with KKR advising Saks (SKS +17%) on one side and Goldman Sachs repping Neiman Marcus on the other. Stay tuned. Comment! [Consumer, M&A]
Friday, May 17, 2:19 PM Execs with Nordstrom (JWN -1.2%) highlighted the company's successful partnership with Topshop during the firm's earnings call. The British firm's clothing lines sold well online and in the 14 stores where Nordstrom carrier them. As a result, the retailer plans to add another 28 stores to the Topshop strategy later this year. (transcript) Comment! [Consumer]
Thursday, May 16, 5:41 PM After-hours top gainers, as of 5:15 p.m.: SINA +4.7%. EA +2.7%. NBG +2.5%. AKAM +2.4%. DYAX +2.4%.
After-hours top losers: ARUN -13.7%. ADSK -5.2%. BRCD -4.9%. JWN -3.5%. EGLE -2.4%. Comment! [On the Move]
Thursday, May 16, 5:31 PM More on Nordstrom (JWN): Q1 misses across the board. Net earnings fell 2.7% Y/Y as higher input costs masked slightly better revenue. The company also cut its FY14 total sales and same-store sales guidance ranges by half a percentage point each, now expecting 4% to 6% growth, and 3% to 5% growth, respectively. For the current period, it projects its EPS to grow by more than 7%, or around $0.86, just below the $0.87 projected by analysts. Shares -3.5% AH. 1 Comment [Consumer, Earnings, On the Move]
Thursday, May 16, 4:07 PM Nordstrom (JWN): Q1 EPS of $0.73 misses by $0.03. Revenue of $2.7B (+4.8% Y/Y) misses by $0.1B. Shares -3.9% AH. (PR) 3 Comments [Earnings, Breaking News, On the Move]
Thursday, May 16, 12:10 AM Notable earnings after Thursday’s close: ADSK, AMAT, ARUN, BRCD, DELL, JCP, JWN, SINA, VNET Comment! [Earnings]
Wednesday, May 15, 5:35 PM Notable earnings after Thursday’s close: ADSK, AMAT, ARUN, BRCD, DELL, JCP, JWN, SINA, VNET Comment! [Earnings]
Wednesday, May 15, 8:39 AM Nordstrom, Inc. (JWN) declares $0.30/share quarterly dividend, in line with previous. Forward yield 1.96%. For shareholders of record May 31. Payable June 17. Ex-div date May 29. (PR) Comment! [Dividends]
Monday, May 13, 9:11 AM More on retail sales: Building material and garden equipment sales (HD, LOW) were again, up 1.5% M/M and 4.1% Y/Y, while department store sales (SHLD, KSS, M, JWN, JCP) trailed expectations. Grocery store sales (KR, SVU, SWY) slipped during April compared to March but were 2% than a year ago on pricing gains. 1 Comment [U.S. Economy, Consumer]
Wednesday, May 8, 3:00 PM A devastating fire in Bangladesh at an apparel factory has added a sense of urgency to a push in the retail world to disclose where and how products are made. The move isn't purely based on altruism, surveys show consumers will pay more for clothes with signs on fair-labor practices. Nordstrom (JWN +0.2%) is considering starting to promote clothes made in humane working conditions - while Nike (NKE) and Wal-Mart (WMT -0.7%) plan to take on tired accusations of sweat-shop tactics with more disclosures. 1 Comment [Consumer]

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