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 Expand Reach With New Rack in Mooresville
Read MoreHide Full Article
Nordstrom, Inc. (JWN - Free Report) has announced the plan to expand its presence by launching a Nordstrom Rack store in Mooresville, NC. This move is aimed at broadening its customer base and increasing its retail footprint. The company views this as an opportunity to enhance its retail presence and introduce the diverse and distinctive product offerings of Nordstrom Rack to a fresh set of customers.
This store, scheduled to open in the fall of 2024, will encompass 28,000 square feet. It will be situated in Mooresville Crossing, a popular shopping center that houses well-known brands such as Best Buy, Barnes & Noble, and Ulta Beauty.
Mooresville Crossing is under the ownership and management of Kimco Realty and enjoys an ideal location off River Hwy & Morrison Plantation Pkwy. With the addition of this store, Nordstrom will have three Nordstrom Rack stores and two Nordstrom stores in North Carolina.
Image Source: Zacks Investment Research
What’s More?
Nordstrom Rack plays a central role in Nordstrom's "Closer to You" strategy, a core initiative aimed at elevating the overall shopping experience for customers, both in their brick-and-mortar locations and through their digital platforms. It provides a diverse range of products, encompassing clothing, accessories, beauty products, home furnishings, and footwear, all offered at discounts of up to 70 percent.
Furthermore, customers have access to essential services such as convenient online order pickup for Nordstrom.com and NordstromRack.com, hassle-free return processes, and select in-store alteration services. It is worth noting that Nordstrom Rack draws a substantial customer base, significantly contributing to the company's overall growth and success.
Wrapping Up
The opening of a Nordstrom Rack in Mooresville demonstrates the company’s dedication to broadening its footprint and delivering an improved shopping experience to a broader customer base. This expansion aligns with its objectives and emphasizes its commitment to contributing positively to the communities it serves.
Lately, Nordstrom has been struggling, with shares falling 9.1% in the past six months against the industry’s growth of 0.9%. This Zacks Rank #3 (Hold) company has been struggling with its top-line performance and expects it to decline 4-6% year over year in fiscal 2023.
Three Solid Picks
A few better-ranked stocks in the same space are Urban Outfitters, Inc. (URBN - Free Report) , Abercrombie & Fitch Co. (ANF - Free Report) and American Eagle Outfitters Inc. (AEO - Free Report) .
The Zacks Consensus Estimate for Urban Outfitters’ current fiscal-year earnings and sales indicates growth of 83.4% and 6.6% from the year-ago period’s reported figures. URBN has a trailing four-quarter average earnings surprise of 19.2%.
Abercrombie & Fitch is a specialty retailer of premium, high-quality casual apparel. The company currently flaunts a Zacks Rank #1. ANF delivered a significant earnings surprise in the last reported quarter.
The Zacks Consensus Estimate for Abercrombie & Fitch’s current fiscal-year sales implies growth of 10% from the previous year’s reported number. ANF has a trailing four-quarter average earnings surprise of 724.8%.
American Eagle Outfitters is a specialty retailer of casual apparel, accessories and footwear. It sports a Zacks Rank #1 at present.
The Zacks Consensus Estimate for American Eagle Outfitters’ current fiscal-year earnings and sales indicates growth of 33% and 2.2% from the year-ago period’s reported figures. AEO has a trailing four-quarter average earnings surprise of 43.2%.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Nordstrom (JWN) to Expand Reach With New Rack in Mooresville
Nordstrom, Inc. (JWN - Free Report) has announced the plan to expand its presence by launching a Nordstrom Rack store in Mooresville, NC. This move is aimed at broadening its customer base and increasing its retail footprint. The company views this as an opportunity to enhance its retail presence and introduce the diverse and distinctive product offerings of Nordstrom Rack to a fresh set of customers.
This store, scheduled to open in the fall of 2024, will encompass 28,000 square feet. It will be situated in Mooresville Crossing, a popular shopping center that houses well-known brands such as Best Buy, Barnes & Noble, and Ulta Beauty.
Mooresville Crossing is under the ownership and management of Kimco Realty and enjoys an ideal location off River Hwy & Morrison Plantation Pkwy. With the addition of this store, Nordstrom will have three Nordstrom Rack stores and two Nordstrom stores in North Carolina.
Image Source: Zacks Investment Research
What’s More?
Nordstrom Rack plays a central role in Nordstrom's "Closer to You" strategy, a core initiative aimed at elevating the overall shopping experience for customers, both in their brick-and-mortar locations and through their digital platforms. It provides a diverse range of products, encompassing clothing, accessories, beauty products, home furnishings, and footwear, all offered at discounts of up to 70 percent.
Furthermore, customers have access to essential services such as convenient online order pickup for Nordstrom.com and NordstromRack.com, hassle-free return processes, and select in-store alteration services. It is worth noting that Nordstrom Rack draws a substantial customer base, significantly contributing to the company's overall growth and success.
Wrapping Up
The opening of a Nordstrom Rack in Mooresville demonstrates the company’s dedication to broadening its footprint and delivering an improved shopping experience to a broader customer base. This expansion aligns with its objectives and emphasizes its commitment to contributing positively to the communities it serves.
Lately, Nordstrom has been struggling, with shares falling 9.1% in the past six months against the industry’s growth of 0.9%. This Zacks Rank #3 (Hold) company has been struggling with its top-line performance and expects it to decline 4-6% year over year in fiscal 2023.
Three Solid Picks
A few better-ranked stocks in the same space are Urban Outfitters, Inc. (URBN - Free Report) , Abercrombie & Fitch Co. (ANF - Free Report) and American Eagle Outfitters Inc. (AEO - Free Report) .
Urban Outfitters, which specializes in the retail and wholesale of general consumer products, sports a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Urban Outfitters’ current fiscal-year earnings and sales indicates growth of 83.4% and 6.6% from the year-ago period’s reported figures. URBN has a trailing four-quarter average earnings surprise of 19.2%.
Abercrombie & Fitch is a specialty retailer of premium, high-quality casual apparel. The company currently flaunts a Zacks Rank #1. ANF delivered a significant earnings surprise in the last reported quarter.
The Zacks Consensus Estimate for Abercrombie & Fitch’s current fiscal-year sales implies growth of 10% from the previous year’s reported number. ANF has a trailing four-quarter average earnings surprise of 724.8%.
American Eagle Outfitters is a specialty retailer of casual apparel, accessories and footwear. It sports a Zacks Rank #1 at present.
The Zacks Consensus Estimate for American Eagle Outfitters’ current fiscal-year earnings and sales indicates growth of 33% and 2.2% from the year-ago period’s reported figures. AEO has a trailing four-quarter average earnings surprise of 43.2%.