Back to top

Analyst Blog

Going ahead with its store expansion strategy,  Nordstrom Inc. (JWN - Analyst Report) plans to open a new Nordstrom Rack Store by the fall of 2014. The 35,000 square feet store will be located in Palm Beach Outlets, a 90,000 square feet retail center in West Palm Beach, Fla.

This marks Nordstrom’s sixth Rack concept store opening in the greater southeast Florida region. In 2000, this leading fashion specialty retailer opened its full-line store at Town Center in Boca Raton, marking its arrival in Florida. In 2003, Nordstrom opened its first Rack store in southeast Florida namely Sawgrass Mills store. Currently, the company has five Rack stores and six full-line stores in the region. Further, it is expected to open two more Rack Stores in Jacksonville and Naples on Nov 7, 2013.

Nordstrom’s Rack stores generally offer merchandise from Nordstrom stores, and special collections from many of the renowned brands offered at Nordstrom at a significantly reduced price to customers. A vast assortment of branded apparel, accessories and shoes that are available at Nordstrom stores are offered to customers at a discount of about 30%–70%.

Nordstrom’s latest store openings signify the company’s commitment to strengthen its network with the aim of driving top-line growth. As of Jul 17, 2013, Nordstrom operated 248 stores, including 117 Nordstrom full-line stores, 127 Nordstrom Racks, 2 Jeffrey boutiques, 1 treasure&bond store and 1 clearance outlet.

Seattle-based Nordstrom currently carries a Zacks Rank #3 (Hold). The other stocks in the retail sector that are performing well include Pacific Sunwear of California Inc. (PSUN - Snapshot Report), Wet Seal Inc. (WTSL - Analyst Report) and The Children (PLCE - Snapshot Report). All these carry a Zacks Rank #1 (Strong Buy).

Please login to or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research


Are you a new Zacks Member or a visitor to

Top Zacks Features

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
SYNAPTICS I… SYNA 78.11 +8.14%
GREEN PLAIN… GPRE 39.41 +5.12%
PILGRIM'S P… PPC 28.82 +3.08%
SKYWORKS SO… SWKS 52.07 +2.58%
CLAYTON WIL… CWEI 109.08 +2.51%