Nordstrom Inc's stock symbol is JWN. Nordstrom is a well-known American luxury department store chain, with a long history dating back to 1901.
The company has managed to stay relevant in the retail industry through its commitment to quality products and excellent customer service. Nordstrom operates a total of 350 stores across the United States and Canada.
Nordstrom's stock is listed on the New York Stock Exchange (NYSE).
Nordstrom Stock Information
Nordstrom's stock symbol is NYSE: JWN.
Nordstrom is a publicly traded company listed on the New York Stock Exchange (NYSE).
Nordstrom's stock price can fluctuate based on market trends and other economic factors.
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Stock Symbol
Nordstrom's stock symbol is NYSE: JWN.
The company was founded in 1901 by John W. Nordstrom and Carl F. Wallin.
Nordstrom's stock is listed on the New York Stock Exchange.
Trading Updates
Nordstrom has a market capitalization of around $4.3 billion, which is relatively small compared to other retailers.
In 2020, Nordstrom reported a net sales decline of 39% due to the COVID-19 pandemic, with net sales falling to $3.5 billion.
Nordstrom has a strong e-commerce presence, with online sales making up around 40% of its total sales.
The company has a loyalty program, Nordstrom Rewards, which offers customers points for every dollar spent, redeemable for rewards and discounts.
Nordstrom has a diverse product range, offering everything from clothing and accessories to home goods and beauty products.
The company's gross margin has been steadily increasing over the years, from 34.6% in 2016 to 38.4% in 2020.
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Nordstrom Business Performance
Nordstrom has reported steady revenue growth over the years, with a compound annual growth rate (CAGR) of 4.5% from 2015 to 2020.
The company's net sales have consistently exceeded $10 billion, reaching $11.2 billion in 2020.
Nordstrom's operating income has also been on the rise, increasing from $434 million in 2015 to $444 million in 2020.
Sales Outlook
Nordstrom raised its full-year sales outlook after holiday spending came in better than expected at its website and stores.
The department store operator's improved sales outlook is a positive sign for the company's financial health.
Nordstrom stuck by its profit outlook, indicating that it's still cautious about its overall profitability.
This decision suggests that while sales are strong, the company is prioritizing stability over aggressive growth.
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Holiday Sales
Nordstrom reported a total company net sales increase of 4.9 percent.
This is a significant boost, and it's worth noting that the company's comparable sales increased by 5.8 percent for the nine-week holiday period.
Nordstrom's holiday sales were a key indicator of the company's overall performance, and these numbers suggest that the company is on the right track.
The 4.9 percent increase in total company net sales is a notable achievement, especially considering the challenges that many retailers face during the holiday season.
Nordstrom's comparable sales increase of 5.8 percent for the nine-week holiday period is even more impressive, and it's a testament to the company's ability to adapt and thrive in a competitive market.
The holiday season is a critical time for retailers, and Nordstrom's strong sales numbers are a welcome sign for the company and its investors.
Frequently Asked Questions
Does Nordstrom have stock?
Yes, Nordstrom has publicly traded stock under the ticker symbol JWN, listed on the New York Stock Exchange (NYSE). You can learn more about investing in Nordstrom stock on their investor relations website.
How to buy Nordstrom stock?
To buy Nordstrom stock, sign up for a brokerage account on Public, add funds, and choose your investment amount. Start investing in Nordstrom stock today with a few simple steps.
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