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Nordstrom Inc (JWN)

JWN on New York Consolidated

48.00USD
23 Jun 2017
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$0.52 (+1.10%)
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Latest Key Developments (Source: Significant Developments)

Nordstrom family group says collectively owns about 31.2 pct stake in co
Thursday, 8 Jun 2017 09:31am EDT 

June 8 (Reuters) - Nordstrom Inc ::Nordstrom family files to say, as of June 7, on a combined basis, they own 51.8 million shares of Nordstrom Inc's common stock, representing about 31.2% stake in co.Nordstrom says it formed a group consisting of Bruce A. Nordstrom; Anne E. Gittinger; Blake W. Nordstrom; erik B. Nordstrom; James F. Nordstrom, Jr.; and Peter E. Nordstrom.  Full Article

Nordstrom says committee required members of Nordstrom family enter letter agreement
Thursday, 8 Jun 2017 09:21am EDT 

June 8 (Reuters) - Nordstrom Inc ::Nordstrom - in connection with moratorium statute waiver, special committee required members of Nordstrom Family who are part of group enter agreement with co.Nordstrom - committee required members of Nordstrom family enter letter agreement with co containing non-disclosure, non-use, standstill provisions.Nordstrom -standstill provisions of letter agreement prevent members of group from taking certain actions from date of letter agreement until Jan 31, 2019.Nordstrom - ‍letter agreement provides that, after January 31, 2019, group automatically disbands and may no longer rely on moratorium statute waiver​.  Full Article

Nordstrom adds Stacy Brown-Philpot to board
Monday, 22 May 2017 12:00pm EDT 

May 22 (Reuters) - Nordstrom Inc ::Nordstrom Inc reelects 11 directors, adds Taskrabbit CEO Stacy Brown-Philpot to board.With addition Brown-Philpot, Nordstrom board will consist of 12 directors.  Full Article

Nordstrom sets quarterly dividend of $0.37 per share
Tuesday, 16 May 2017 02:00pm EDT 

May 16 (Reuters) - Nordstrom Inc JWN.N:Nordstrom board of directors approves quarterly dividend.Sets quarterly dividend of $0.37per share.  Full Article

Nordstrom says lifestyle brand goop partnering with co
Friday, 12 May 2017 08:00am EDT 

May 12 (Reuters) - Nordstrom Inc :Nordstrom inc - goop partnering with co to bring goop's retail curation to pop-in@nordstrom in select stores across country and online.  Full Article

Nordstrom Q1 earnings per share $0.37
Thursday, 11 May 2017 04:05pm EDT 

May 11 (Reuters) - Nordstrom Inc ::Q1 earnings per share $0.37.Q1 earnings per share view $0.27 -- Thomson Reuters I/B/E/S.Sees 2017 comparable sales approximately flat.quarter ending inventory growth of 1.6 percent.Sees 2017 earnings per diluted share $2.75 to $3.00.Nordstrom inc qtrly total company net sales increased 2.7 percent and comparable sales decreased 0.8 percent, compared with same quarter last year.Sees FY 2017 revenue up 3 to 4 percent.53Rd week in FY 2017 is expected to add approximately $200 million to total net sales in FY 2017.Fy2017 earnings per share view $2.93, revenue view $14.79 billion -- Thomson Reuters I/B/E/S.Q1 total revenues $3,354 million versus $3,249 million.Q1 revenue view $3.34 billion -- Thomson Reuters I/B/E/S.  Full Article

Nordstrom names Anne Bramman CFO
Thursday, 4 May 2017 09:00am EDT 

May 4 (Reuters) - Nordstrom Inc :Nordstrom names Anne Bramman chief financial officer.Mike Koppel retired as company's CFO May 1, 2017.  Full Article

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

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