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Nordstrom Inc - Stock Quote JWN

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Morningstar's Nordstrom Inc Stock Analysis

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Is it the right time to buy or sell?
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Is it the right time to buy or sell?
Find out with Morningstar Investor

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5-Star Price

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Economic Moat

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Capital Allocation

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Narrow-Moat Nordstrom’s Brand Advantage Provides Stability in a Tumultuous Market

David Swartz Equity Analyst

Business Strategy and Outlook

| David Swartz |

Nordstrom continues to be a top operator in the competitive U.S. apparel market. The firm has, in our view, cultivated a loyal customer base on its reputation for differentiated products and service and has built a narrow moat based on an intangible brand asset. While the company was unprofitable in 2020 because of the COVID-19 crisis, its profitability returned in 2021, and we believe its brand intangible asset is intact. Despite a rocky couple of years, we believe Nordstrom’s full-price and Rack off-price stores have competitive advantages over other apparel retailers.

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Nordstrom Inc's Company Profile

Business Description

Nordstrom is a fashion retailer that operates approximately 100 department stores in the U.S. and Canada and approximately 250 off-price Nordstrom Rack stores. The company also operates both full- and off-price e-commerce sites. Nordstrom’s largest merchandise categories are women’s apparel (28% of 2021 sales), shoes (25% of 2021 sales), men’s apparel (14% of 2021 sales) and women’s accessories (14% of 2021 sales). Nordstrom, which traces its history to a shoe store opened in Seattle in 1901, continues to be partially owned and managed by members of the Nordstrom family.

Contact
1617 Sixth Avenue
Seattle, WA, 98101
T +1 206 628-2111
Sector Consumer Cyclical
Industry Department Stores
Most Recent Earnings Apr 30, 2022
Fiscal Year End Jan 28, 2023
Stock Type Cyclical
Employees 60,000

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