nordstrom posts
FeedPosted Nov 7th 2009 11:20AM by Tom Johansmeyer (RSS feed)
Filed under: Costco Wholesale (COST), Gap Inc (GPS), Federal Reserve, Recession
Consumer borrowing fell for the eighth straight month in September. This record-setting streak is due largely to tightening by lenders, unemployment and the conservative preference to pay down debt rather than spend. This widespread fit of fiscal responsibility, economists fret, could prevent a recovery from taking root, since consumer spending is responsible for 70% of the U.S. economy. This conventional thinking, of course, overlooks the fact that an eventual increase in spending that isn't fueled by consumer spending will yield a recovery that's more likely to last.
According to the Federal Reserve, borrowing fell at an annual rate of $14.8 billion in September -- it's biggest drop since July and much larger than the $10 billion predicted by economists. The behavior is exactly what you'd find in people worried about losing their jobs or focused on rebuilding safety funds and investment portfolios. Those who want to borrow are finding banks won't be complicit this time, as they clamp down on lending practices.
Continue reading Consumer spending falls victim to debt repayment
Posted Nov 6th 2009 11:40AM by Tom Johansmeyer (RSS feed)
Filed under: Wal-Mart (WMT), Target Corp. (TGT), Costco Wholesale (COST), Gap Inc (GPS), Nordstrom, Inc (JWN)
There's a chill in the air and a slight up-tick in confidence. Holiday discounts are coming a bit earlier, too. For retailers, this has been a great combination, leading to the second consecutive month in which retail sales increased.
This follows more than a year of drops. Consumers aren't going crazy, but they are loosening their wallets a little bit. Consumer spending accounts for 70% of the U.S. economy, and the coming holiday season is where the action is -- for the retail sector and, consequently, for everyone else.
Continue reading Retail sales: Signs of life, but not yet a rising tide
Posted Aug 9th 2009 12:30PM by Trey Thoelcke (RSS feed)
Filed under: Earnings reports, Forecasts, Wal-Mart (WMT), Penney (J.C.) (JCP), Blockbuster Inc 'A' (BBI), Kohl's Corp (KSS), Economic data
Last week offered mixed messages about whether an economic recovery is indeed underway. The unemployment figures were not as bad as feared, but July sales numbers were nothing to write home about, despite the wild popularity of the so-called cash-for-clunkers program.
The question is, where has consumer confidence (and consumer spending) been? Retail is a good place to look, and as it turns out, this week several shopping mall and strip mall favorites will be reporting earnings for the most recent quarter.
Continue reading The week in preview: Eye on retail -- Walmart, Macy's, Blockbuster ...
Posted Jun 13th 2009 9:00AM by Jamie Dlugosch (RSS feed)
Filed under: Whole Foods Market (WFMI), Nordstrom, Inc (JWN), Obama Picks
We all know the impact that celebrities have on businesses. One of the most obvious instances of this phenomenon comes from the Oprah Winfrey Show. For example, when a title makes it into her book club, millions of loyal followers immediately take action, and sales follow.
These days, Michelle Obama is giving Oprah a run for her money. The First Lady is being closely watched by millions, and she too has a loyal following. She also appears to have a fashion sense that resonates with consumers around the globe. We all saw the number of stories and speculation about her gown during the inauguration.
Continue reading Move over Oprah -- Michelle Obama's got the touch
Posted May 16th 2009 9:40AM by Trey Thoelcke (RSS feed)
Filed under: Earnings reports, Wal-Mart (WMT), International Business Machines (IBM), Sony Corp ADR (SNE), Penney (J.C.) (JCP), Blockbuster Inc 'A' (BBI), Applied Materials (AMAT), Whole Foods Market (WFMI), Kohl's Corp (KSS), Abercrombie and Fitch (ANF), Nordstrom, Inc (JWN), Liz Claiborne (LIZ), MBIA Inc (MBI), World Wrestling Entertainment (WWE)
Here are some highlights from this past week's earnings coverage from BloggingStocks:
Continue reading Earnings highlights: Walmart, JCPenney, Freddie Mac, Playboy, Whole Foods and more
Posted May 15th 2009 12:30PM by Brent Archer (RSS feed)
Filed under: Major movement, Earnings reports, Good news, Options, Technical Analysis, Nordstrom, Inc (JWN)
Nordstrom (NYSE: JWN - option chain) shares are rising today after the company reported earnings last night, posting a first-quarter profit of $81 million, or 37 cents per share.
Excluding one-time items, JWN earned 31 cents per share, topping analysts' forecasts of 26 cents per share. If you think that the stock won't fall by too much in the coming months, then now could be a good time to look at a bullish hedged trade on JWN.
JWN opened this morning at $21.64. So far today the stock has hit a low of $21.41 and a high of $23.05. As of 11:40, JWN is trading at $22.68 up 1.73 (8.3%). The chart for JWN looks bearish and S&P gives JWN a negative 2 STARS (out of 5) sell ranking.
Continue reading Nordstrom (JWN) Q1 earnings beat estimates
Posted Feb 28th 2009 4:40PM by Trey Thoelcke (RSS feed)
Filed under: Earnings reports, Home Depot (HD), Target Corp. (TGT), Campbell Soup (CPB), Safeway Inc (SWY), Sears Holdings (SHLD), Kohl's Corp (KSS), Nordstrom, Inc (JWN), Garmin Ltd (GRMN), Marvel Entertainment (MVL)
Here are some highlights from this past week's earnings coverage from BloggingStocks:
Continue reading Earnings highlights: Campbell, Sears, Home Depot, Nordstrom, Marvel and more
Posted Feb 24th 2009 12:50PM by Brent Archer (RSS feed)
Filed under: Major movement, Earnings reports, Good news, Options, Technical Analysis, Nordstrom, Inc (JWN)
Nordstrom (NYSE:
JWN -
option chain) shares are sharply higher today after
the company reported a fourth-quarter profit of $68 million, or 31 cents per share, beating analysts' estimates of 30 cents per share. This earnings report shows slowing sales like almost all retailers, but management claims it is keeping inventories at reasonable levels and controlling costs. It seems to me that the upper crust of retailers are hanging in better than the mid-range stores. If you think that the stock won't fall by too much in the coming months, then now could be a good time to look at a bullish hedged trade on JWN.
JWN opened this morning at $12.55. So far today the stock has hit a low of $12.41 and a high of $13.38. As of 11:40, JWN is trading at $12.86, up 1.53 (13.5%). The chart for JWN looks bearish and
S&P gives JWN a negative 2 STARS (out of 5) sell ranking.
Continue reading Nordstrom (JWN) lifted on decent Q4 earnings
Posted Feb 22nd 2009 12:30PM by Trey Thoelcke (RSS feed)
Filed under: Earnings reports, Forecasts, Marvel Entertainment (MVL)
Analysts surveyed by Thomson Reuters expected the parade of earnings declines to continue into the final week of February, with Martha Stewart Living Omnimedia Inc. (NYSE: MSO), Nordstrom Inc. (NYSE: JWN), Home Depot Inc. (NYSE: HD), Wynn Resorts Ltd. (NASDAQ: WYNN), Macy's Inc. (NYSE: M), DreamWorks Animation SKG Inc. (NYSE: DWA), Limited Brands Inc. (NYSE: LTD), Target Corp. (NYSE: TGT), Royal Bank Of Canada (NYSE: RY), Del Monte Foods Co. (NASDAQ: DLM), Kohl's Corp. (NYSE: KSS), Washington Post Co. (NYSE: WPO), Dell Inc. (NASDAQ: DELL), Gap Inc. (NYSE: GPS), Campbell Soup Co. (NYSE: CPB), RadioShack Corp. (NYSE: RSH), and H.J. Heinz Co. (NYSE: HNZ) all expected to post lower earnings for the most recent quarter. Office Depot Inc. (NYSE: ODP), Saks Inc. (NYSE: SKS), and Cooper Tire & Rubber Co. (NYSE: CTB) are expect to have swung to a loss.
Continue reading The week in preview: Eye on Marvel, KBR, First Solar, Deckers and more
Posted Nov 15th 2008 11:40AM by Trey Thoelcke (RSS feed)
Filed under: Earnings reports, Google (GOOG), Wal-Mart (WMT), Intel (INTC), Sirius Satellite Radio (SIRI), Applied Materials (AMAT), Procter and Gamble (PG), Kohl's Corp (KSS), Abercrombie and Fitch (ANF), Cypress Semiconductor (CY), Nordstrom, Inc (JWN), Crocs Inc (CROX), Blackstone Group L.P (BX)
Here are some highlights from this past week's earnings coverage from BloggingStocks:
Continue reading Earnings highlights: Walmart, Google, Intel, P&G, Sirius, Blackstone and others
Posted Nov 9th 2008 12:30PM by Trey Thoelcke (RSS feed)
Filed under: Earnings reports, Forecasts, Wal-Mart (WMT), Kohl's Corp (KSS), Crocs Inc (CROX), Urban Outfitters (URBN)

Update Nov. 26, 2008: See all 2008 Black Friday deals.
This week, some apparel and accessory producers and retailers offer a look at how they've been doing between early summer's economic stimulus spending and the coming holiday season. While
Polo Ralph Lauren Corp. (NYSE:
RL) reported higher earnings last week,
Coldwater Creek Inc. (NASDAQ:
CWTR),
Eddie Bauer Holdings Inc. (NASDAQ:
EBHI),
Kenneth Cole Productions Inc. (NYSE:
KCP), and
K-Swiss Inc. (NASDAQ:
KSWS) all reported net losses as consumers pulled back on spending over the summer due to higher fuel prices and other economic worries. The expectations of analysts surveyed by Thomson Financial for such companies scheduled to report this week don't look much different; i.e., a bright spot or two among lower expectations overall.
Hip retailer Urban Outfitters Inc. (NASDAQ: URBN) is expected to post earnings 22.9% higher than a year ago, to $0.35 per share, on revenue of $475.9 million (+26.4%). The Philadelphia-based company already said that same-store sales in the quarter were 10% higher. Urban Outfitters has beat expectations in recent quarters, by 11.5% in the previous quarter, and analysts on average recommend buying URBN. Shares fell to a 52-week low of $16.61 per share on Friday, and are down 29.5% from a year ago. Other companies expected to report more modest earnings growth in the coming week include watch and accessory maker Fossil Inc. (NASDAQ: FOSL), retail giant Wal-Mart Stores Inc. (NYSE: WMT), and TJX Companies Inc. (NYSE: TJX), parent of such discount retail chains as T.J. Maxx and Marshalls. These three companies have tended to top analysts estimates in recent quarters, and Fossil and TJX ended the week near their 52-week lows.
While Los Angeles-based American Apparel Inc. (AMEX: APP) had a strong second quarter, the casual wear maker is expected to report $0.13 per share earnings for the third quarter, the same as in the year-ago period. And analysts anticipate that Kohl's Corp. (NYSE: KSS) will report that profits fell 16.4% to $0.51 per share on revenue of $3.9 billion (+1.9%). Though same-store sales for October fell 9%, the Menomonee Falls, Wis.-based company reaffirmed its third-quarter forecast. Kohl's has offered positive surprises in recent quarters, topping estimates by 5.6% in the previous quarter. The consensus recommendation remains to buy KSS. Shares have been climbing after reaching a 52-week low in late October, but are still down 32.8% from a year ago.
Continue reading The week in preview: Macy's, Nordstrom, Abercrombie, JCPenney, and Kohl's
Posted Aug 16th 2008 9:40AM by Trey Thoelcke (RSS feed)
Filed under: Earnings reports, Sirius Satellite Radio (SIRI), Kohl's Corp (KSS), , Abercrombie and Fitch (ANF), Nordstrom, Inc (JWN)
Here are some highlights from this past week's earnings coverage from BloggingStocks:
Also, Jim Cramer warns against bearishness on the financials and also suggests that the collapse of commodities will buoy earings.
For more highlights from this week, see: Wal-Mart, JCPenney, MBIA, Deere, Applied Materials and others
Upcoming quarterly reports include Lowe's (NYSE: LOW), Home Depot (NYSE: HD), Hewlett-Packard (NYSE: HPQ), Target (NYSE: TGT), La-Z-Boy (NYSE: LZB), Saks (NYSE: SKS), BJ's Wholesale (NYSE: BJ), Limited Brands (NYSE: LTD), Barnes & Noble (NYSE: BKS), Burger King (NYSE: BKC), Gap (NYSE: GPS), Heinz (NYSE: HNZ), and Intuit (NASDAQ: INTU).
Visit AOL Money & Finance for more earnings coverage.
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