$JWN (Nordstrom Inc)

$JWN {{ '2016-03-23T18:51:55+0000' | timeago}} • Announcement

Fashion specialty retailer $JWN said it has appointed Kumar Srinivasan as Chief Technology Officer. In this new role, Mr. Srinivasan will focus on optimizing engineering and software productivity and effectiveness. He was previously co-founder and CEO of Evocalize and has also worked at Amazon, where he led Amazon Payments Merchant Solutions.

$JWN {{ '2017-07-12T15:18:15+0000' | timeago}} • Announcement

$JWN announced plans to open a Nordstrom Rack at The Promenade at Town Center in Santa Clarita, California. The approximately 30,000-square-foot store is scheduled to open in spring 2018. The new Nordstrom Rack store will join more than seven existing retailers in the area.

$JWN {{ '2017-06-30T15:02:27+0000' | timeago}} • Webcast

$JWN plans to close its Dulles Town Center full-line store in Dulles, Va., a suburb of Washington D.C. Originally opened in September 2002, the store will serve customers through Sept. 8, 2017. The store closure will impact about 150 non-seasonal employees.

$JWN {{ '2017-06-22T15:11:48+0000' | timeago}} • Announcement

$JWN plans to open a Nordstrom Rack at Bayshore Town Center in Glendale, Wisconsin. The about 26,800-square-foot store is scheduled to open in fall 2018. This will be the second Nordstrom Rack store in the Milwaukee area. The company also operates a full-line store at Mayfair Mall.

$JWN {{ '2017-06-08T15:04:22+0000' | timeago}} • Announcement

$JWN said the Nordstrom family is exploring the possibility of a “going private transaction”. $JWN’s BoD has formed a special committee to act on behalf of the company in connection with any such transaction. No assurances can be given that such a transaction will be executed.

$JWN {{ '2017-06-08T15:04:07+0000' | timeago}} • Announcement

$JWN said that members of the Nordstrom family have formed a group to explore the possibility of pursuing a "going private transaction". This will involve the acquisition by the group of 100% of the outstanding shares of common stock of the company. The group has not made a proposal to the company regarding any such transaction.

$JWN {{ '2017-05-16T18:42:32+0000' | timeago}} • Announcement

$JWN announced that its board of directors approved a quarterly dividend of $0.37 per share payable on June 12, 2017, to shareholders of record on May 26, 2017.

$JWN {{ '2017-05-11T21:47:12+0000' | timeago}} • Webcast

$JWN said that regarding the cosmetics business, the company has had its best success in the limited distribution brands. And on handbags and shoes, the designer part of handbags has continued to be healthy. So in total, handbags is down more than the avg. of everything else $JWN is doing. In shoes, the business generally continues to do well.

$JWN {{ '2017-05-11T21:31:06+0000' | timeago}} • Webcast

On promotional levels across the channels, $JWN saw a reduction in promo level, which was due to fewer promo events that the company had to match. Additionally, more and more of the product $JWN carry is on the exclusion list of its competitors.

$JWN {{ '2017-05-11T21:03:56+0000' | timeago}} • Infographic

$JWN Nordstrom Earnings AlphaGraphics: Q1 2017 highlights

$JWN {{ '2017-05-11T20:30:38+0000' | timeago}} • Announcement

For FY17, $JWN reiterated its net sales guidance which it expects to increase by approx. 3-4% and expects diluted EPS to be approx. $2.75-3.00.

$JWN {{ '2017-05-11T20:28:29+0000' | timeago}} • Announcement

Fashion specialty retailer $JWN posted higher 1Q17 earnings, helped by higher revenue. The company's net income increased 36.95% to $63MM, or $0.37 per share from $46MM or $0.26 per share a year ago. Net sales increased 2.72% to $3.27Bil from $3.19Bil.

$JWN {{ '2017-05-04T17:01:07+0000' | timeago}} • Announcement

$JWN appointed Anne Bramman as CFO, effective June 2, 2017. In her new role, Bramman will focus on driving productivity and supporting $JWN's continued growth. Mike Koppel retired as the company's CFO May 1, 2017 after 16 years and will continue to support $JWN in a consulting and advisory role through the end of the year.

$JWN {{ '2017-03-09T19:37:28+0000' | timeago}} • Announcement

$JWN plans to open a approx.28,000- sq.ft Nordstrom Rack at Cascade Station in Portland, Oregon. The store is scheduled to open in fall 2017. This will be the fifth Nordstrom Rack store in the Portland area.

$JWN {{ '2017-02-23T22:15:34+0000' | timeago}} • Webcast

$JWN expects to invest roughly $3.4Bil over the next five years. This is about 4% of sales, lower than five-year historical average of 5% due to moderating store investments. The company plans to incur in total cash spend of roughly $540MM in 2017 or 3.5% of sales in tech spending.

$JWN {{ '2017-02-23T21:30:47+0000' | timeago}} • Announcement

For FY17, $JWN expects its net sales to increase by approx. 3-4% and expects its EPS (excluding the impact of any future share repurchase) to be approx. $2.75-3.00.

$JWN {{ '2017-02-23T21:28:20+0000' | timeago}} • Announcement

Fashion specialty retailer $JWN reported 11.6% rise in its 4Q16 earnings. The company's net income rose to $201MM, or $1.15 per share, compared with $180MM, or $1.00 per share during 4Q15. Net sales rose 2.4% YoY to $4.2Bil from $4.1Bil. Excluding items, $JWN earned $1.37 per share.

$JWN {{ '2017-02-17T18:20:41+0000' | timeago}} • Announcement

$JWN said Enrique Hernandez Jr., has informed the BoD, after 20 years of service, that he will not be seeking re-election to the Board at the end of his current term in May 2017. Hernandez served as lead director for more than 5 years before serving as chairman and presiding director from May 2006 through May 2016.

$JWN {{ '2017-02-17T15:07:04+0000' | timeago}} • Announcement

$JWN's BoD approved a quarterly dividend of 37 cents per share. The dividend is payable on March 15, 2017, to shareholders of record at the close of business on March 1, 2017.

$JWN {{ '2017-02-17T15:06:28+0000' | timeago}} • Announcement

$JWN's BoD has authorized a repurchase program of up to $500MM of its outstanding common stock, through Aug. 31, 2018. The company plans to fund the repurchase program from existing cash on hand. This program is in addition to its existing repurchase program, which has $529MM outstanding as of Jan. 28, 2017, and will expire on March 1, 2017.

$JWN {{ '2017-02-16T14:58:24+0000' | timeago}} • Announcement

$JWN to open a Nordstrom Rack store in Mahattan. The second store of approx. 46,500 sq.ft  will be loacted at The Durst Organization's 855 6th Avenue and is expected to open in fall 2017.

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