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Stock impact report

Spotting Winners: Kohl's (NYSE:KSS) And Department Store Stocks In Q4 [Yahoo! Finance]

Nordstrom, Inc. (JWN) 
Last nordstrom, inc. earnings: 3/3 04:05 pm Check Earnings Report
US:NYSE Investor Relations: investor.nordstrom.com
Company Research Source: Yahoo! Finance
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%. Inflation progressed towards the Fed's 2% goal at the end of 2023, leading to strong stock market performance. The start of 2024 has been a bumpier ride, as the market switches between opti Show less Read more
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