Q4 Earnings Roundup: Macy's (NYSE:M) And The Rest Of The Department Store Segment [Yahoo! Finance]
Nordstrom, Inc. (JWN)
Last nordstrom, inc. earnings: 3/3 04:05 pm
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Source: Yahoo! Finance
Let's take a look at how Macy's (NYSE:M) and the rest of the department store stocks fared in Q4. Department stores emerged in the 19th century to provide customers with a wide variety of merchandise under one roof, offering a convenient and luxurious shopping experience. They played an important role in the history of American retail and urbanization, and prior to department stores, retailers tended to sell narrow specialty and niche items. But what was once new is now old, and department stores are somewhat considered a relic of the past. They are being attacked from multiple angles–stagnant foot traffic at malls where they've served as anchors; more nimble off-price and fast-fashion retailers; and e-commerce-first competitors not burdened by large physical footprints. The 4 department store stocks we track reported a solid Q4; on average, revenues beat analyst consensus estimates by 1.7%. Stocks have faced challenges as investors prioritize near-term cash flows, but department
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News
- Nordstrom, Inc. (NYSE: JWN) had its price target raised by analysts at JPMorgan Chase & Co. from $15.00 to $17.00. They now have an "underweight" rating on the stock.MarketBeat
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- Nordstrom to Report First Quarter 2024 Financial Results on May 30 [Yahoo! Finance]Yahoo! Finance
JWN
Earnings
- 3/5/24 - Beat
JWN
Sec Filings
- 4/25/24 - Form SC
- 4/18/24 - Form 8-K
- 4/18/24 - Form SC
- JWN's page on the SEC website