We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Nordstrom (JWN) to Open Relocated Kansas City Store in 2021
Read MoreHide Full Article
Nordstrom Inc. (JWN - Free Report) continues with its store expansion and relocation plans in order to enhance shopping experience. The company declared that it is planning to relocate the Oak Park Mall store in Overland Park, Kansas, to Country Club Plaza in Kansas City, Missouri. It expects to open this new 116,000 square-foot store by 2021.
The addition of this new Nordstrom Store in Kansas City will make shopping with Nordstrom more convenient for its customers. Also, it enhances the Country Club Plaza owners’ objective to create a modern and unique experience for their customers.
In fact, Kansas City has been an excellent market for Nordstrom. The company has been successfully serving its customers at Oak Park Mall for the last 20 years, which marked its first store in Kansas. While Nordstrom aims to expand its business in Kansas City, it will continue serving customers at its current location in Oak Park Mall until it relocates.
Apart from the Oak Park Mall store, currently Nordstrom operates 18 Nordstrom stores and 44 Nordstrom Rack stores in the Midwest.
At Kansas City, the company plans to invest in both of its physical and digital capabilities in order to satisfy customer preferences with more efficiency. This will be a part of Nordstrom’s progressive customer-based strategy and strengthening capabilities, particularly digital growth.
Meanwhile, the company has been gaining market traction owing to its heavy investments in digital growth. In the third quarter of fiscal 2017, it delivered online sales growth of 14% at Nordstrom.com and a 26% increase at Nordstromrack.com/HauteLook.
The news did not have a major impact on the company’s share price. However, this Zacks Rank #2 (Buy) stock has gained 21.9% in the last three months, outperforming industry’s gain of 19.1%.
Looking for More Promising Bets? Check These
Some other top-ranked stocks in the same industry are Zumiez Inc. (ZUMZ - Free Report) , American Eagle Outfitters Inc. (AEO - Free Report) and Chico’s FAS Inc. . While Zumiez sports a Zacks Rank #1 (Strong Buy), American Eagle and Chico’s FAS carries a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
Zumiez has an average positive earnings surprise of 22.2% for the trailing four quarters and a long-term earnings growth rate of 18%.
American Eagle’s average positive earnings surprise is 2.7% for the trailing four quarters. It has a long-term earnings growth rate of 5.5%.
Chico’s FAS delivered a positive average earnings surprise of 31.3% and has a long-term earnings growth rate of 10%.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
Image: Bigstock
Nordstrom (JWN) to Open Relocated Kansas City Store in 2021
Nordstrom Inc. (JWN - Free Report) continues with its store expansion and relocation plans in order to enhance shopping experience. The company declared that it is planning to relocate the Oak Park Mall store in Overland Park, Kansas, to Country Club Plaza in Kansas City, Missouri. It expects to open this new 116,000 square-foot store by 2021.
The addition of this new Nordstrom Store in Kansas City will make shopping with Nordstrom more convenient for its customers. Also, it enhances the Country Club Plaza owners’ objective to create a modern and unique experience for their customers.
In fact, Kansas City has been an excellent market for Nordstrom. The company has been successfully serving its customers at Oak Park Mall for the last 20 years, which marked its first store in Kansas. While Nordstrom aims to expand its business in Kansas City, it will continue serving customers at its current location in Oak Park Mall until it relocates.
Apart from the Oak Park Mall store, currently Nordstrom operates 18 Nordstrom stores and 44 Nordstrom Rack stores in the Midwest.
At Kansas City, the company plans to invest in both of its physical and digital capabilities in order to satisfy customer preferences with more efficiency. This will be a part of Nordstrom’s progressive customer-based strategy and strengthening capabilities, particularly digital growth.
Meanwhile, the company has been gaining market traction owing to its heavy investments in digital growth. In the third quarter of fiscal 2017, it delivered online sales growth of 14% at Nordstrom.com and a 26% increase at Nordstromrack.com/HauteLook.
The news did not have a major impact on the company’s share price. However, this Zacks Rank #2 (Buy) stock has gained 21.9% in the last three months, outperforming industry’s gain of 19.1%.
Looking for More Promising Bets? Check These
Some other top-ranked stocks in the same industry are Zumiez Inc. (ZUMZ - Free Report) , American Eagle Outfitters Inc. (AEO - Free Report) and Chico’s FAS Inc. . While Zumiez sports a Zacks Rank #1 (Strong Buy), American Eagle and Chico’s FAS carries a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
Zumiez has an average positive earnings surprise of 22.2% for the trailing four quarters and a long-term earnings growth rate of 18%.
American Eagle’s average positive earnings surprise is 2.7% for the trailing four quarters. It has a long-term earnings growth rate of 5.5%.
Chico’s FAS delivered a positive average earnings surprise of 31.3% and has a long-term earnings growth rate of 10%.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>