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Here's Why You Should Retain Nordstrom (JWN) in Your Portfolio
JWNNordstrom(JWN) Zacks Investment Research·2024-05-16 02:51

During the fourth quarter of fiscal 2023, the company witnessed impressive sales growth as Rack comparable- store sales rose in high single digits. Also, the Rack digital business improved in traffic and conversion. During fiscal 2023, it introduced 19 stores and intends to open 22 outlets in fiscal 2024. Going ahead, it further intends to roll out to more markets. Additionally, Nordstrom is making efforts to enhance the customer experience through faster delivery. The company delivered more than 50 basis p ...