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Jefferies downgrades Nordstrom to hold from buy due to ongoing demand challenges; while retailer has shown signs of stabilizing sales growth at its off-price Rack unit, full-price sales at department store chain still underwhelming
Published: March 07, 2024 by Investing.com
Nordstrom to open 22 new Rack stores in 2024 as year-over-year Rack sales net sales grow 14.6%, outpacing Nordstrom branded stores, which saw 6.6% sales growth; news comes as company's FY2023 net earnings fall 45% to US$134M
Published: March 06, 2024 by Seattle Times (WA)
Nordstrom Rack to Open Two New North Carolina Stores in Raleigh and Matthews
Published: January 30, 2024 by Nordstrom Inc.
Piper Sandler upgrades Burlington Stores to overweight from neutral, raises target to US$240 from US$155; department stores seem highly conservative for H1 inventory buys, which creates favorable environment for off-price to take continued share
Published: January 17, 2024 by Investing.com
Nordstrom Rack to Open New Location in Omaha, Nebraska
Published: December 19, 2023 by PR Newswire

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