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JWN News Highlights
- For JWN, its 30 day story count is now at 21.
- Over the past 10 days, the trend for JWN's stories per day has been choppy and unclear. It has oscillated between 1 and 10.
- TD, AGE and ANF are the most mentioned tickers in articles about JWN.
Latest JWN News From Around the Web
Below are the latest news stories about NORDSTROM INC that investors may wish to consider to help them evaluate JWN as an investment opportunity.
Abercrombie & Fitch CEO Fran Horowitz takes you inside her successful leadership style.
Coming up this week: the PCE inflation index, more tech and retail earnings, and consumer confidence.
As investors look forward to this upcoming payment, the spotlight also shines on the company's dividend history, yield, and growth rates. Using the data from GuruFocus, let's look into Nordstrom Inc's dividend performance and assess its sustainability. What Does Nordstrom Inc Do?
Retailers are hoping promotions lure in cautious customers this holiday season.
Black Friday that appeared subdued compared with prior years, looking for discounted electronics, clothing and household goods in the kickoff to the holiday shopping season crucial to big retailers. Brokerage TD Cowen lowered its U.S. holiday spending estimate to 2% to 3% growth, from 4% to 5%, as it forecast flat Black Friday traffic. Discounts in October and November removed the excitement and urgency of Black Friday.
NEW YORK/RALEIGH, N.C. (Reuters) -Shoppers took to stores across the world on a Black Friday that appeared subdued compared with prior years, looking for discounted electronics, clothing and household goods in the kickoff to the holiday shopping season crucial to big retailers. Brokerage TD Cowen lowered its U.S. holiday spending estimate to 2% to 3% growth, from 4% to 5%, as it forecast flat Black Friday traffic. Discounts in October and November removed the excitement and urgency of Black Friday.
Retailers are hoping forecasts for a cool, dry Black Friday across much of the U.S. will drive millions of shoppers to their stores in the kickoff to the key holiday shopping season. But with many shoppers facing financial pressure, U.S. holiday spending is expected to rise at the slowest pace in five years. “Consumers are still being very cautious, so if holiday sales do go up, we think it will be due to inflation raising prices,” said Jessica Ramirez, a senior research analyst at Jane Hali & Associates.
Major companies, including Zoom (ZM), Best Buy (BBY), Dick's Sporting Goods (DKS), Nordstrom (JWN), Abercrombie & Fitch (ANF), and most notably, Nvidia (NVDA), reported third-quarter earnings on Tuesday. Yahoo Finance spoke to experts across the industry to discuss everything investors need to know, including the winners and losers from this week's results. Nvidia (00:00:25) Nvidia reported adjusted earnings of $4.02 per share, well above the expected $3.36. Moor Insights and Strategy CEO and Chief Analyst Patrick Moorhead said, "They can name their price. And it's in a supply constrained environment. I think Nvidia could have done even better." Zoom (00:00:48) Zoom reported adjusted earnings of $1.29 per share compared to estimates of $1.10, and raised its 2024 outlook. "In our online ...
Nordstrom warned that it was seeing "uncertainty and softening" in consumer spending, and shares declined.
Nordstrom added that its designer category “remains pressured,” primarily in shoes and handbags.