$JWN (Nordstrom Inc)

$JWN {{ '2015-11-18T22:28:42+0000' | timeago}} • Announcement

On Nov. 18, 2015, $JWN's Board of Directors approved a quarterly dividend of $0.37 per share. The dividend is payable on Dec. 15, 2015 to shareholders of record at the close of business on Nov. 30, 2015.

$JWN {{ '2017-08-21T18:14:05+0000' | timeago}} • Announcement

Fashion retailer $JWN has appointed Kelley Hall as SVP and Chief Accounting Officer, effective August 21, 2017. Most recently, Hall served as VP and CFO of $NIKE’s Enterprise Operations. Earlier, she held various senior finance leadership posts at $SBUX.

$JWN {{ '2017-08-17T12:52:28+0000' | timeago}} • Announcement

$JWN's BoD approved a quarterly dividend of 37 cents per share. The dividend is payable on Sept. 12, 2017 to shareholders of record on Aug. 28, 2017.

$JWN {{ '2017-08-11T15:13:06+0000' | timeago}} • Webcast

$JWN said it is on track regarding the timing of its store opening in New York. The company is planning to open a Men's store in March 2018 and Women's store in fall of 2019. $JWN said there was a ramp up this year of around $30MM with regard to investment and the company is still on track with that for this year as well.

$JWN {{ '2017-08-11T15:05:45+0000' | timeago}} • Webcast

$JWN said its Rack business is an important way to attract new customers to Nordstrom. The company opened six stores this spring with 11 more opening this fall, which will bring its total Rack store count to 232 at year end. These stores incorporate its latest store designs with improvements to the layout and fitting room experience.

$JWN {{ '2017-08-11T15:03:21+0000' | timeago}} • Webcast

Looking to the rest of 2017, $JWN continues to focus on enhancing the customer experience and reaching new customers by leveraging its digital capabilities and investing in its top markets. As part of customer strategy, the company is continually testing and rolling out new ways to connect the physical and digital shopping experiences.

$JWN {{ '2017-08-10T21:01:37+0000' | timeago}} • Announcement

$JWN now sees FY17 net sales growth of about 4% compared to prior outlook of 3-4%. The company narrowed its 2017 EPS guidance to $2.85-3.00 from $2.75-3.00, and its Retail EBIT estimate to $790-840MM from $780-840MM. $JWN still sees its comparable sales growth to be about flat, while lifting Credit EBIT estimate to about $145MM from about $140MM.

$JWN {{ '2017-08-10T21:01:20+0000' | timeago}} • Announcement

$JWN's retail gross profit, as a percentage of net sales, for 2Q17 fell 25 basis points to 34.1% from last year. This primarily reflected higher occupancy expenses related to new store growth for Nordstrom Rack and Canada in addition to higher loyalty expenses during the Anniversary Sale. This was partially offset by improved merchandise margins.

$JWN {{ '2017-08-10T21:00:55+0000' | timeago}} • Announcement

$JWN reported a drop in 2Q17 earnings due to planned technology, occupancy and supply chain expenses supporting its growth initiatives. Net income fell to $110MM or $0.65 per share from $117MM or $0.67 per share last year. Revenue grew to $3.8Bil from $3.65Bil. Comparable sales increased 1.7%.

$JWN {{ '2017-08-10T21:00:11+0000' | timeago}} • Infographic

$JWN Nordstrom Earnings AlphaGraphic: Q2 2017 Highlights

$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.

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