Nordstrom Inc
Banks are keeping credit card rates high even after the CFPB rule they blamed for high APRs was killed
Key Points Banks quickly raised interest rates to record levels and added new monthly fees on credit cards last year when a Consumer Financial Protection Bureau rule threatened a key revenue source for the industry. Now they’re far more reluctant to reverse those steps, even after bank trade groups succeeded in killing the CFPB rule […]
Read More
Starbucks poaches Nordstrom CFO as executive shake-up continues
Cathy Smith in 2019. Mark Lennihan | AP Starbucks announced Tuesday that Nordstrom Chief Financial Officer Cathy Smith will join the company as its new CFO, replacing longtime veteran Rachel Ruggeri. The executive change is the latest for Starbucks after Brian Niccol joined the company as chief executive in September with the goal of turning […]
Read More
Target says its holiday sales were better than expected — but its profits weren’t
Target raised its fourth-quarter sales forecast Thursday after more consumers turned to its stores and website for holiday shopping — particularly on days known for deep discounts. The big-box retailer now expects comparable sales in the fiscal fourth quarter to grow by about 1.5%. That’s better than its most recent outlook that the metric would […]
Read More
Nordstrom raises sales outlook after holiday season was better than feared
Shoppers walk into a Nordstrom department store in Austin, Texas, March 3, 2023. Brandon Bell | Getty Images Nordstrom on Friday raised its full-year sales outlook, after holiday shopping at its stores and on its website came in stronger than the department store’s cautious expectations. The company stuck by its profit guidance, despite the higher […]
Read More
Stocks making the biggest moves midday: Nordstrom, Honda, MicroStrategy, Broadcom and more
Check out the companies making headlines in midday trading: Nordstrom — The department store shares dipped more than 1% after announcing it will become a private company. Nordstrom agreed to a buyout deal valued at roughly $6.25 billion from its founding family and Mexican department store El Puerto de Liverpool. Common shareholders will receive $24.25 […]
Read More
Nordstrom to go private in $6.25 billion deal with founding family, Mexican retailer
A sign marks the location of a Nordstrom store on March 20, 2024 in Chicago, Illinois. Scott Olson | Getty Images Nordstrom on Monday announced it will become a private company after it agreed to a buyout deal valued at roughly $6.25 billion from Nordstrom’s founding family and Mexican department store El Puerto de Liverpool. The […]
Read More
As retailers enter the holiday shopping season, the winners are pulling away from the pack
Shoppers outside a Target store ahead of Black Friday in Clifton, New Jersey, US, on Tuesday, Nov. 26, 2024. Victor J. Blue | Bloomberg | Getty Images As the holiday season heats up, retailers are getting a fresh opportunity to attract even the most selective shoppers and convince them to splurge on discretionary items like […]
Read More
Stocks making the biggest moves midday: Nordstrom, Dell, SolarEdge Technologies and more
Check out the companies making headlines in midday trading: Nordstrom — The retail stock fell 10% after CEO Erik Nordstrom said the company has seen a slowdown in sales, starting in late October. Nordstrom’s third-quarter revenue of $3.46 billion did come in above the $3.35 billion LSEG consensus. HP — Shares of the PC maker […]
Read More
Stocks making the biggest moves after hours: Dell Technologies, Autodesk, Workday and more
Check out the companies making headlines in after-hours trading. Ambarella – Shares of the semiconductor design company soared 20% on the back of a rosy outlook. Ambarella is calling for fourth-quarter revenue of $76 million to $80 million, while analysts polled by LSEG anticipated $69 million. Third-quarter adjusted earnings and revenue also topped the Street’s […]
Read More
Nordstrom tops Wall Street’s earnings expectations, as shoppers buy more clothes and shoes
A sign marks the location of a Nordstrom store in a shopping mall on March 20, 2024 in Chicago, Illinois. Scott Olson | Getty Images Nordstrom on Tuesday beat Wall Street’s quarterly sales expectations, as revenue grew about 4% year over year from shoppers buying clothing, shoes and activewear at both the company’s namesake department […]
Read More