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Nordstrom Inc (JWN.N)

JWN.N on New York Stock Exchange

43.58USD
28 Mar 2017
Change (% chg)

$1.12 (+2.64%)
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$42.46
Open
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$43.60
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$42.17
Volume
614,582
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$62.81
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Latest Key Developments (Source: Significant Developments)

The Black Tux announces exclusive retail partnership with Nordstrom
Monday, 27 Mar 2017 04:38pm EDT 

The Black Tux:The Black Tux announces an exclusive retail partnership with Nordstrom.  Full Article

Nordstrom reports Q4 EPS $1.15
Thursday, 23 Feb 2017 05:56pm EST 

Nordstrom Inc : Nordstrom fourth quarter and fiscal 2016 earnings exceeded expectations . Q4 sales $4.2 billion versus i/b/e/s view $4.35 billion . Q4 same store sales fell 0.9 percent . Sees 2017 comparable sales approximately flat . Q4 earnings per share $1.15 excluding items . Q4 earnings per share $1.15 . Sees 2017 adjusted earnings per diluted share $2.75 to $3.00 . Nordstrom inc - company's 2017 outlook includes impact of 53rd week, which is estimated to add approximately $200 million to total net sales . Q4 earnings per share view $1.15 -- Thomson Reuters I/B/E/S . Sees 2017 net sales increase of 3% to 4% .Fy earnings per share view $3.06, revenue view $15.43 billion -- Thomson Reuters I/B/E/S.  Full Article

Nordstrom on conf call- FY forecast assumes continuation of negative trends in full-line stores offset by upsize online growth
Thursday, 23 Feb 2017 04:34pm EST 

Nordstrom Inc : On conf call- "early in the year our team took aggressive steps to realign inventory in response to changes in customer demand" . On conf call- Q4 sales growth outpaced inventory growth by nearly 500 basis points. . On conf call- five full-line stores in Canada contributed total sales of $300 million in 2016 . On conf call- full year forecast assumes continuation of negative trends in full-line stores offset by upsize online growth . Exec- " we have roughly 120 full-line stores today, all of them make money they all cash flow positive and we have overall very healthy fleet of stores" . Exec- over the next 5-10 yrs there's some stores in older centers that we think we can close and consolidate into stores nearby that we are investing in . Exec- "we're definitely interested in doing less promotional business and in some cases that means not be doing business with some vendors so that's an ongoing thing" Further company coverage: [JWN.N] ((bangalore.newsroom@thomsonreuters.com;)).  Full Article

Nordstrom Q4 earnings per share $1.15
Thursday, 23 Feb 2017 04:05pm EST 

Nordstrom Inc : Q4 earnings per share $1.37 excluding items . Nordstrom fourth quarter and fiscal 2016 earnings exceeded expectations . Q4 sales $4.2 billion versus i/b/e/s view $4.35 billion . Q4 same store sales fell 0.9 percent . Sees 2017 comparable sales approximately flat . Q4 earnings per share $1.15 . Sees 2017 adjusted earnings per diluted share $2.75 to $3.00 . Nordstrom inc - company's 2017 outlook includes impact of 53rd week, which is estimated to add approximately $200 million to total net sales . Q4 earnings per share view $1.15 -- Thomson Reuters I/B/E/S . Sees 2017 net sales increase of 3% to 4% .Fy earnings per share view $3.06, revenue view $15.43 billion -- Thomson Reuters I/B/E/S.  Full Article

Nordstrom board authorizes $500 mln share repurchase program
Friday, 17 Feb 2017 09:00am EST 

Nordstrom Inc : Nordstrom board of directors authorizes $500 million share repurchase program and approves quarterly dividend . Nordstrom Inc - company intends to fund repurchase program from existing cash on hand . Nordstrom Inc- authorized a repurchase program of up to $500 million of company's outstanding common stock, through August 31, 2018 . Nordstrom Inc - existing repurchase program has $529 million outstanding as of January 28, 2017, and will expire on March 1, 2017 . Sets quarterly dividend of $0.37 per share .Nordstrom - repurchase program is in addition to company's existing repurchase program that was approved by board in October 2015.  Full Article

Nordstrom to close store at Mainplace Mall, California
Thursday, 12 Jan 2017 12:30pm EST 

Nordstrom Inc : Nordstrom to close store at Mainplace Mall in Santa Ana, California . Closure impacts about 195 non-seasonal employees . Opened in 1987, store will serve customers through Friday, March 17, 2017 . Mainplace Mall Store will serve customers through Friday, March 17, 2017 .Employees who do not have role at another store and remain until last scheduled shift will receive a separation plan.  Full Article

Camuto Group acquires Sole Society
Tuesday, 23 Aug 2016 09:03am EDT 

Camuto Group :Camuto Group announces acquisition of Sole Society; Nordstrom will continue to carry Sole Society merchandise and will remain minority owner.  Full Article

Nordstrom says board approves quarterly dividend
Wednesday, 17 Aug 2016 04:30pm EDT 

Nordstrom Inc : Nordstrom board of directors approves quarterly dividend .Sets quarterly dividend of $0.37per share.  Full Article

S&P - Nordstrom Inc. outlook revised to negative on weaker operating performance, credit metric expectations; ratings affirmed
Thursday, 11 Aug 2016 04:30pm EDT 

: S&P - Nordstrom Inc. outlook revised to negative on weaker operating performance, credit metric expectations; ratings affirmed Source - http://bit.ly/2bm5fW2 Further company coverage: [JWN.N] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Nordstrom sees 2016 EPS excluding items $2.60-$2.75
Thursday, 11 Aug 2016 04:05pm EDT 

Nordstrom Inc : Q2 earnings per share $0.67 . Q2 earnings per share view $0.56 -- Thomson Reuters I/B/E/S . Q2 sales $3.6 billion versus I/B/E/S view $3.68 billion . Q2 same store sales fell 1.2 percent . Qtrly earnings per share $ 0.67 . Sees 2016 EPS excluding items $2.60 to $2.75 .Q2 earnings per share view $0.56, revenue view $3.68 billion -- Thomson Reuters I/B/E/S.  Full Article

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BRIEF-The Black Tux announces exclusive retail partnership with Nordstrom

* The Black Tux announces an exclusive retail partnership with Nordstrom Source text for Eikon: Further company coverage: