Nordstrom, Inc. reported a first quarter net loss of 39 million dollars or loss per share of 24 cents and loss before interest and taxes of 21 million dollars. Net sales for the quarter increased 5.1 percent, while comparable sales increased 3.8 percent. Gross merchandise value (GMV) for the quarter increased 4.9 percent. Commenting on the first...
31 May 2024
For fiscal 2024, Nordstrom announced that its expects revenue range of 2 percent decline to 1 percent growth, comparable sales range of 1 percent decline to 2 percent growth, EBIT margin of 3.5 to 4 percent of sales and EPS of 1.65 dollars to 2.05 dollars. The company's weak forecast compared to LSEG estimates of a 0.04 percent sales rise and...
6 Mar 2024
Nordstrom reported third quarter net earnings of 67 million dollars or earnings per diluted share of 41 cents and EBIT of 102 million dollars, while adjusted EPS was 25 cents. The company’s net sales decreased 6.8 percent versus the same period in fiscal 2022 and gross merchandise value (GMV) decreased 7.1 percent. "In the third quarter we...
22 Nov 2023
Nordstrom, Inc. reported second quarter net earnings of 137 million dollars or earnings per diluted share (EPS) of 84 cents and EBIT of 192 million dollars. The company’s net sales decreased 8.3 percent compared to a decrease of 11.6 percent in the first quarter, reflecting sequential improvement in sales at both Nordstrom and Nordstrom Rack....
25 Aug 2023
Fashion retail group Nordstrom has unveiled that it is set to open nine new stores for its off-price retail concept, Nordstrom Rack. The majority of the stores are scheduled to open in spring 2024, with one to launch at a later date in 2025. Three of the spaces will be located in Macedonia in Ohio, Wheaton in Illinois and Jacksonville Beach in...
14 Apr 2023
Nordstrom, Inc. reported fourth quarter net earnings of 119 million dollars or 74 cents per diluted share and EBIT of 187 million dollars or 4.5 percent of sales. For the fiscal year ended January 28, 2023, net earnings were 245 million dollars and diluted EPS was 1.51 dollars, with EBIT of 465 million dollars or 3.1 percent of sales. Adjusted...
3 Mar 2023
Nordstrom, Inc. announced a net sales decrease of 3.5 percent for the nine-week holiday period ended December 31, 2022. For the Nordstrom banner, the company said, net sales decreased 1.7 percent, while net sales at the Nordstrom Rack banner decreased 7.6 percent. Based on holiday results, the company expects its fiscal 2022 results to be at the...
20 Jan 2023
Nordstrom, Inc. has announced the appointment of Atticus Tysen to its board of directors, effective January 3, 2023. Tysen, the company said in a release, has more than three decades of engineering and information security experience. "Atticus is a proven leader with decades of experience in the technology and cybersecurity space. His background...
6 Jan 2023
Nordstrom, Inc. reported a third quarter net loss of 20 million dollars and loss per diluted share of 13 cents for the quarter ended October 29, 2022 and adjusted earnings per diluted share of 20 cents. For the third quarter, net sales decreased 2.9 percent versus the same period in fiscal 2021 and gross merchandise value decreased 2.5 percent....
23 Nov 2022
Nordstrom, Inc. chief financial officer Anne Bramman has informed the company of her intention to step down from her role. The company said in a release that she will remain with the company through the reporting of Nordstrom's third quarter financial results to facilitate a smooth transition. Her last day with the company will be December 2,...
18 Oct 2022
Nordstrom, Inc. reported second quarter net earnings of 126 million dollars and earnings per diluted share of 77 cents. Excluding costs associated with the wind-down of Trunk Club, the company reported adjusted earnings per share of 81 cents. For the quarter, net sales increased 12 percent, exceeding pre-pandemic sales levels, and gross...
24 Aug 2022
Nordstrom, Inc. has announced the appointment of two new senior executive leaders. The company said in a release that Deniz Anders was promoted to senior vice president and chief marketing officer, and Nina Barjesteh, a senior executive at Dick's Sporting Goods, will join the company as president, Nordstrom Product Group. "Deniz is a proven...
21 Jul 2022