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Nordstrom, Inc.

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Nordstrom has been doing well with its strategic growth investments that helped the company deliver better-than-expected top and bottom line results for second-quarter fiscal 2015. The company also gained from the smooth execution of its customer strategy. We appreciate the company’s act of selling its credit card portfolio to TD Bank and using the proceeds to lower debt as well as reward shareholders through a special dividend and incremental share buyback program. Further, the company’s strong brand image and continuous store expansion endeavors remain driving factors. However, the seasonal nature of the company’s business and increased competition from industry players may prove deterrents.

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