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Nordstrom

Nordstrom's Strategic Shift: Navigating Challenges in the RetailIn the ever-evolving landscape of retail, Nordstrom ( NYSE:JWN ) stands at a pivotal crossroads, grappling with the aftermath of a global pandemic and the shifting tides of consumer behavior. The recent announcement of weaker-than-expected forecasts for 2024 has sent shockwaves through Wall Street, prompting analysts and investors alike to scrutinize the company's strategies for survival in a fiercely competitive market. Amidst concerns of sluggish demand and cautious consumer spending, Nordstrom ( NYSE:JWN ) finds itself facing an uphill battle. Despite delivering strong holiday-quarter sales, the specter of inflation and higher interest rates looms large, casting doubt on the company's ability to stage a robust recovery. With annual revenue projections falling below expectations and profit per share estimates disappointing investors, Nordstrom's ( NYSE:JWN ) performance in the coming year hangs in the balance. Analysts point to several key factors contributing to Nordstrom's challenges. The company's reliance on non-essential items, such as apparel and household goods, leaves it vulnerable to fluctuations in consumer sentiment and economic conditions. Moreover, intensifying competition from online retailers and fast-fashion brands has put pressure on Nordstrom's traditional brick-and-mortar model, necessitating a strategic rethink. In response to these headwinds, Nordstrom ( NYSE:JWN ) is embarking on a bold new direction. Central to its strategy is a concerted effort to revitalize its discount banner Rack, leveraging it as a vehicle for growth in the burgeoning off-price channel. By tapping into the demand for affordable, trend-conscious products, Nordstrom ( NYSE:JWN ) aims to broaden its appeal and capture market share among lower-income consumers. The decision to eschew new full-line stores in favor of expanding Rack's footprint underscores Nordstrom's commitment to adaptability and agility in a rapidly changing industry. By reallocating resources towards areas of growth and opportunity, the company seeks to carve out a niche in the market while mitigating the impact of stiff competition. However, challenges persist on the horizon. Nordstrom must ( NYSE:JWN ) contend with Macy's, its peer in the retail sector, which has opted to pivot towards its luxury brands to court higher-earning clientele. The divergence in strategy highlights the divergent paths taken by retailers grappling with similar market forces, underscoring the complexity of the retail landscape. As Nordstrom ( NYSE:JWN ) charts its course for the future, the road ahead remains fraught with uncertainty. Yet, amidst the turbulence, opportunities abound for those willing to embrace change and innovation. With a steadfast commitment to adaptation and a keen eye on emerging trends, Nordstrom stands poised to weather the storm and emerge stronger on the other side.
NYSE:JWNLong
by DEXWireNews
Nordstrom JWN - A Latent ScalpI hear that the economy is pretty bad right now. So bad that we're in a recession, although the Government doesn't like the word "recession." The real word to describe the situation humanity is facing that nobody is saying yet, however, is "Depression." Here in North America, we aren't quite there yet, but no amount of money printing and astroturfing is capable of keeping the true state of the environment, the food supply, the water sources, and our energy reserves hidden for all that much longer. So, they say that for a company like Nordstrom, it's surely "a strong sell." After all, the whole sector is going down the drain because even the middle-upper class is spending less, and that surely is true. Yet, one doesn't have to back up the dump truck to buy and hold something for 6 years, either. Nordstrom's post-dump price action has some unique characteristics. Mainly, that for the better part of two weeks, it's been completely bearish. It also has not retested the $20 psychological level to find buyers, or rebalanced the dump's gap. That all on its own is peculiar in a market that just loves to flirt with gaps after making them, at least a little bit. With price trading as low as $16.84 on Friday, a run to $21 yields a 22% trade. Ideally, if price action is to do the pseudo fakeout dump I am expecting when markets open on Tuesday: SPX / ES - Bull Whips and Bear Saws One can get in cheaper than $16.84, and then the risk/reward is all the sweeter. I believe it's without a doubt that an exceptional shakeout is coming in the markets, a fundamental correction that will crack the pre-COVID highs and have everyone questioning what's going to happen with their happiness and their investments. So JWN Nordstrom is not something you would want to hold. You want to drop it like a hot potato. But its current setup does provide what may be an imminent opportunity.
NYSE:JWN
by LordWrymouth
NORDSTROM - BEARISH SCENARIONORDSTROM reported better than estimated Q2 results. EPS came in at $0.81, better than the consensus estimate of $0.80. Revenue grew 12% year-over-year to $3.99 billion, compared to the consensus estimate of $3.96 billion Despite the good report the American luxury department store chain is facing demand and customer traffic decelerating The next price target is located at the $12 support level. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
NYSE:JWNShort
by legacyFXofficial
Nordstrom (NYSE: $JWN) Jumps 10%+ During Pre-Market Hours! 🤸‍♀️Nordstrom, Inc., a fashion retailer, provides apparels, shoes, beauty, accessories, and home goods for women, men, young adults, and children. It offers a range of brand name and private label merchandise through various channels, such as Nordstrom branded stores and online at Nordstrom.com; TrunkClub.com; Nordstrom.ca; Nordstrom stores; Nordstrom Rack stores; Nordstrom Locals; Nordstromrack.com and HauteLook; clearance stores under the Last Chance name; Trunk Club clubhouses; and Jeffrey boutiques. As of December 31, 2021, the company operated 94 Nordstrom stores and 240 Nordstrom Rack stores in the United States; 2 clearance stores; and 7 Nordstrom Local service hubs, as well as 6 Nordstrom stores and 7 Nordstrom Rack stores in Canada. Nordstrom, Inc. was founded in 1901 and is headquartered in Seattle, Washington.
NYSE:JWNLong
by Bullishcharts
$JWN New Target 37.28 Key Levels & Analysis$JWN New Target 37.28 Whoah… what happened here? Gotta love when a stock takes a hit on good earnings. New target… a little lower than before because this market is crazy. Haha… trying to lock in profits a little tighter… ----- — On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average. ONLY ADD at support levels & FIB levels… labeled I start every position with .5 - 1% of my account and build from there as needed and as possible. I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed. GL and happy trading.
NYSE:JWNLong
by SPYder_QQQueen_Trading
1
JWN still worth buying ?Good morning or good evening depending on what time zone you're in when reading this. 🤠 Today on the 25th our biggest stock in the portfolio released their Q3 earnings report. As of now we are 74% up on average in this stock. For all of you who aren't aware of what JWN is; Nordstrom, Inc. engages in the manufacture and trade of clothes, shoes, and accessories. It operates through Retail and since this quarter more then 50% over their orders was done online ! CEO Erik Nordstrom opened with 3 areas of growth in the business. - Digital, increased from 33% to 54% of their total business ! - Nordstrom Rack, is now 1/3th of the total business. - 16 stores are still closed. This decreased overhead. I personally think this is great ! Every retailer should be focusing a shift to online sales. Not only that but jus think what will happen to the gross profit margin ! - Pick up in stores Increased by 156% over last quarter ! Why am I still bullish on this stock even though I already have 74% gains ? - Strong financial position, they still have 900m in cash. Plenty to survive this pandemic. They even reported 0.36$ earnings per share ! This beats analysts expectations by 0.35$ and shows that this company is a cash machine. 💲💰 - Digital sales now 1.6 Billion or 54% of total sales. - Nordstrom will start paying dividends at some time. It might not be this quarter or not the next but once everything is over for sure. - Family owned business and CEO, you just know they are working hard for their families name and heritage. - CHRISTMAS is coming !!! I think if the stock pulls back it is still interesting to add our position. If it goes up we still keep holding for probably at least a year or longer, maybe take some profit if it hits 30$. 💹 Here is a peak into my public portfolio. www.etoro.com If you like my content please hit the like button or you can copy me on Etoro. 🙏👊
NYSE:JWN
by Samboly
Could push past ResistanceHey guys, been watching since last week as nordstrom started to beak out from recent lows and seems to be following the trend pictured. Based on a 30 day close RSI I believe that the price can continue to follow this trend to $21, more conservative amount $19, if it is able to pass the resistance at $17.82. MACD is also cycling back into the green, price should continue to go up for time being. I am fairly new to this, please let me know your thoughts. :) Still learning and as always this is not Financial Advice.
NYSE:JWNLong
by fz3a2bf2ag