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Nordstrom (JWN) Continues to Expand, Opens Store in Arizona
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Nordstrom Inc. (JWN - Free Report) seems to on track with its store-expansion endeavors, besides enhancing its e-commerce activities. The company has announced the inauguration of a Rack store in the Phoenix area situated at SanTan Village in Gilbert, AZ, in fall 2018. Notably, this marks the company’s sixth store in the market.
Sprawling over 25,000 square feet, this store will be located right east of the 202 Freeway, making it convenient for the Southeast Valley community. It will accommodate merchandise in the Women's, Men's, Kids' and Home categories and will be on the corner of Williams Field Road and SanTan Village Parkway.
As Gilbert is one of the fast-growing suburbs in the Phoenix area, we believe Nordstrom will efficiently cater to the needs of this community with enormous brands and related services.
Nordstrom Rack, the off-price retail segment of the company, offers fashion-savvy customers a wide range of on-trend apparel, footwear and other accessories at discounted prices. These Racks usually keep items from the main Nordstrom stores as well as online store, Nordstrom.com. Further, these stores stack products from other major brands sold by the company.
Currently, the company operates 366 outlets across 40 states. Its portfolio includes 122 full-line stores across the United States, Puerto Rico and Canada; two Jeffrey boutiques, 232 Nordstrom Racks and two clearance stores.
Furthermore, Nordstrom’s store-expansion efforts, amid a tough retail landscape, are quite impressive. It is aggressively opening new stores, relocating the existing stores in order to enhance the customers’ shopping experience and expand its market share. Going forward, this fashion specialty retailer is scheduled to open 11 Rack stores this fall as well as one relocation in markets that include Los Angeles, Manhattan and Seattle.
Concurrent to this release, management also declared a quarterly dividend of 37 cents per share. This will be payable on Dec 12, 2017, to shareholders of record as on Nov 27.
A look at this Zacks Rank #4 (Sell) company’s share price also reveals that it has declined 11.8% in the past three months, as against the industry’s growth of 7.6%.
Zumiez, with a long-term earnings growth rate of 18% has pulled off an average positive earnings surprise of 27.1% in the last four quarters.
Boot Barn Holdings, with a long-term earnings growth rate of 15.7% has delivered positive earnings surprise of 100% in the last quarter.
Canada Goose Holdings, with a long-term earnings growth rate of 34.6% has come up with positive earnings surprise of 43.8% in the last quarter.
Zacks’ Best Private Investment Ideas
While we are happy to share many articles like this on the website, our best recommendations and most in-depth research are not available to the public.
Starting today, for the next month, you can follow all Zacks' private buys and sells in real time. Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors.
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Nordstrom (JWN) Continues to Expand, Opens Store in Arizona
Nordstrom Inc. (JWN - Free Report) seems to on track with its store-expansion endeavors, besides enhancing its e-commerce activities. The company has announced the inauguration of a Rack store in the Phoenix area situated at SanTan Village in Gilbert, AZ, in fall 2018. Notably, this marks the company’s sixth store in the market.
Sprawling over 25,000 square feet, this store will be located right east of the 202 Freeway, making it convenient for the Southeast Valley community. It will accommodate merchandise in the Women's, Men's, Kids' and Home categories and will be on the corner of Williams Field Road and SanTan Village Parkway.
As Gilbert is one of the fast-growing suburbs in the Phoenix area, we believe Nordstrom will efficiently cater to the needs of this community with enormous brands and related services.
Nordstrom Rack, the off-price retail segment of the company, offers fashion-savvy customers a wide range of on-trend apparel, footwear and other accessories at discounted prices. These Racks usually keep items from the main Nordstrom stores as well as online store, Nordstrom.com. Further, these stores stack products from other major brands sold by the company.
Currently, the company operates 366 outlets across 40 states. Its portfolio includes 122 full-line stores across the United States, Puerto Rico and Canada; two Jeffrey boutiques, 232 Nordstrom Racks and two clearance stores.
Furthermore, Nordstrom’s store-expansion efforts, amid a tough retail landscape, are quite impressive. It is aggressively opening new stores, relocating the existing stores in order to enhance the customers’ shopping experience and expand its market share. Going forward, this fashion specialty retailer is scheduled to open 11 Rack stores this fall as well as one relocation in markets that include Los Angeles, Manhattan and Seattle.
Concurrent to this release, management also declared a quarterly dividend of 37 cents per share. This will be payable on Dec 12, 2017, to shareholders of record as on Nov 27.
A look at this Zacks Rank #4 (Sell) company’s share price also reveals that it has declined 11.8% in the past three months, as against the industry’s growth of 7.6%.
Looking for Solid Picks, Check These
Investors can count upon some better-ranked stocks in the same industry such as Zumiez Inc. (ZUMZ - Free Report) , Boot Barn Holdings, Inc. (BOOT - Free Report) and Canada Goose Holdings Inc. (GOOS - Free Report) each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Zumiez, with a long-term earnings growth rate of 18% has pulled off an average positive earnings surprise of 27.1% in the last four quarters.
Boot Barn Holdings, with a long-term earnings growth rate of 15.7% has delivered positive earnings surprise of 100% in the last quarter.
Canada Goose Holdings, with a long-term earnings growth rate of 34.6% has come up with positive earnings surprise of 43.8% in the last quarter.
Zacks’ Best Private Investment Ideas
While we are happy to share many articles like this on the website, our best recommendations and most in-depth research are not available to the public.
Starting today, for the next month, you can follow all Zacks' private buys and sells in real time. Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors.
Click here for Zacks' private trades >>