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0 0 0 0 0 0.000930232558139515 0.000930232558139515 -0.00465116279069758
Stock impact report

Nordstrom: Sales Trends Expected To Improve Through FY24 [Seeking Alpha]

Macy's Inc (M) 
Last macy's inc earnings: 2/25 06:55 am Check Earnings Report
US:NYSE Investor Relations: macysinc.com/ir
Company Research Source: Seeking Alpha
Despite challenges during the COVID-19 pandemic, JWN has rebounded to pre-pandemic revenue levels of approximately $15 billion. The company's margin improvements and management's focus on cost management support my confidence in JWN's ability to grow, contrary to the consensus view. Overview My recommendation for Nordstrom ( NYSE: JWN ) is a buy rating, as I believe sales trends are going to improve from here and that margins will see a similar positive trend supported by improving gross margin and cost management. The variance here vs. the market is that I expect JWN to grow as guided, unlike the consensus view. Business JWN operates luxury department stores that focus on fashion apparel, shoes, and accessories for men, women, and children. The business has an omnichannel experience across multiple retail channels, including discount stores, boutiques, catalogs, and on the digital front. Retail is the main business, representing 97% of revenue and 100% of operating income Show less Read more
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