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Nordstrom Inc (JWN.N)

JWN.N on New York Stock Exchange

51.57USD
23 Sep 2016
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Latest Key Developments (Source: Significant Developments)

Nordstrom announces president of nordstrom.com
Wednesday, 21 Sep 2016 04:11pm EDT 

Nordstrom Inc : Nordstrom announces president of nordstrom.com and strategic shifts in leadership responsibilities . Co-President Blake Nordstrom will be responsible for Nordstrom Rack Brand . Says Co-president Pete Nordstrom will continue to support all of company's merchandising functions and store planning . Appointed Ken Worzel as president, nordstrom.com. .Co-President Erik Nordstrom will now be responsible for Nordstrom brand, including Nordstrom stores, nordstrom.com, and Trunk Club.  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

Trunk Club to close Goose Island facility, integrate operations into Nordstrom Fulfillment Network
Tuesday, 28 Jun 2016 03:10pm EDT 

Nordstrom Inc : Trunk Club to close Goose Island facility, integrate operations into Nordstrom Fulfillment Network . Co, Trunk Club announced plans to close Trunk Club Fulfillment Center located on Goose Island in Chicago, Illinois . Goose Island facility will transition to its close by august 2017 . Goose island closure will impact about 250 full- and part-time employees . Trunk club to integrate operations into Nordstrom network of fulfillment and distribution centers, located across United States .Integrating rest of Trunk Club business into Nordstrom Network will begin at end of 2016.  Full Article

Target names Jason Goldberger as chief digital officer and president
Tuesday, 17 May 2016 09:05am EDT 

Target Corp : Jason Goldberger will assume newly created role of chief digital officer and president, Target.com . Tritton joins target from Nordstrom, where he was executive vice president and president of Nordstrom Product Group .Target names Mark Tritton executive vice president and chief merchandising officer.  Full Article

Nordstrom reports Q1 earnings per share $0.26
Thursday, 12 May 2016 04:05pm EDT 

Nordstrom Inc : Nordstrom reports first quarter 2016 earnings . Q1 sales $3.2 billion versus I/B/E/S view $3.28 billion . Q1 same store sales fell 1.7 percent . Q1 earnings per share $0.26 . Q1 earnings per share view $0.45 -- Thomson Reuters I/B/E/S . Q1 earnings were below company's expectations, primarily driven by lower than planned sales and higher markdowns to better align inventory . Q1 results included a reduction in earnings per diluted share of $0.10 related to higher credit chargeback expenses . Qtrly "sales trends were below expectations" . Sees FY comparable sales 1 decrease to 1 increase . Sees 2016 net sales increase of 2.5 percent to 4.5 percent . Ended period with inventory growth of 5.4 percent and net sales growth of 2.5 percent resulting in a negative spread of 3 percent . Comparable sales are expected to be impacted by approximately 200 basis points in Q2 . Return on invested capital (ROIC) for 12 fiscal months ended April 30, 2016 was 10.0 percent . Sees 2016 earnings per diluted share $2.50 to $2.70 . Comparable sales are expected to be impacted by approximately 250 basis points in Q3 . FY earnings per share view $3.20, revenue view $14.93 billion -- Thomson Reuters I/B/E/S . Q2 comp store sales decrease due to anniversary sale, co's largest sale event of year, is planned to start one week later in july relative to last year.  Full Article

Nordstrom Inc says is expecting about 350 to 400 positions to be reduced - Reuters News
Tuesday, 19 Apr 2016 12:48am EDT 

Nordstrom Inc:Nordstrom announces operating model improvements to better support customers' changing expectations.Nordstrom Inc says company is expecting that approximately 350 to 400 positions will be reduced.Nordstrom Inc says changes are estimated to generate savings of approximately $60 million in fiscal 2016.Nordstrom Inc says positions will primarily be in its corporate center and regional support teams, and process should be completed by end of Q2.Financial impact of strategic initiatives incorporated in company's financial outlook that was provided on february 18, 2016.Employees whose roles are eliminated will receive separation pay and benefits.  Full Article

Nordstrom, Inc approves quarterly dividend
Wednesday, 24 Feb 2016 04:30pm EST 

Nordstrom, Inc:Approves quarterly dividend of 37 cents per share payable on March 22, 2016, to shareholders of record at the close of business on March 7, 2016.  Full Article

BRIEF-Nordstrom announces president of nordstrom.com

* Nordstrom announces president of nordstrom.com and strategic shifts in leadership responsibilities