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Smartkarma

Equity Bottom-Up

Nordstrom opened its flagship store in Manhattan one year ago. Six months later, the pandemic forced it to close. What will the future have in store?<a target="_blank" rel="noopener nofollow" href="https://www.barrons.com">Continue listening on The Readback»</a>

Morningstar

Morningstar, Inc.

We believe narrow-moat Nordstrom continues to be a top operator in the competitive U.S. apparel market. Nordstrom has, in our view, cultivated a loyal customer base on its reputation for differentiated product and service and has built a narrow moat based on an intangible brand asset. While no-moat Macy’s and other department store competitors have suffered declining sales, Nordstrom increased revenue from about $10 billion to $16 billion between 2010 and 2018. Nordstrom’s full-price and Rack…

Narrow-moat Nordstrom’s first-quarter 2019 sales of $3.35 billion missed our sales forecast of $3.49 billion as both full-price and Rack stores underperformed. Nordstrom experienced problems with merchandise mix and marketing efforts. Weak areas included women’s apparel and cosmetics, where Nordstrom suffered stock-outs. We think Nordstrom lost sales to competitors who discounted post-holiday inventory. No-moat Kohl’s also reported weak women’s apparel sales in its April quarter. Nordstrom’s EPS…

United States

Nordstrom, Inc. is a fashion retailer of apparel, shoes, and accessories for men, women, and children.  The Company operates through multiple retail channels, discount stores, boutiques, catalogs, and on the Internet. Nordstrom, Inc. also offers, through a subsidiary, private label card credit and debit cards.

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