Nordstrom, Inc. (NYSE:JWN) Downgraded After they Attack Ivanka Trump
We have downgraded Nordstrom, Inc. (NYSE:JWN) after a political move to remove Ivank’s Trump’s brand from their stores. There will be a serious backlash to the move as the company has visibly acted to harm an individual based on an opposing political belief, as un-American as it gets.
Even worse than that for shareholders the company could be litigated in to non-existence for breaching Ivanka’s right to free speech.
While the company is very politically active shareholders well may ask why they have not been so attentive to their own business.
The numbers tell the story
Growth for Nordstrom Inc
|1 Year||3 Year||5 Year|
|EPS (TTM) %||-15.13||-3.93||2.77|
|% Shares Owned:||68.30%|
|# of Holders:||750|
|Total Shares Held:||118,395,551|
|3 Mo. Net Change:||-1,957,866|
|# New Positions:||30|
|# Closed Positions:||32|
|# Increased Positions:||102|
|# Reduced Positions:||138|
|# Net Buyers:||-36|
Performance for Nordstrom Inc
While the company struggled management have made out like bandits
|Name||Fiscal Year Total|
Insider Trading: These guys clearly don’t get paid enough as they are also dumping the stock
Nordstrom, Inc., incorporated on October 28, 1946, is a fashion specialty retailer in the United States. The Company’s segments include Retail, Credit and Corporate/Other. The Company operates approximately 320 United States stores located in over 40 states, as well as an e-commerce business through Nordstrom.com, Nordstromrack.com/HauteLook and TrunkClub.com. It also operates approximately three Nordstrom full-line stores in Canada. In addition, the Company offers its customers a Nordstrom Rewards loyalty program along with a range of payment products and services, including credit and debit cards.
The Company’s Retail segment includes approximately 120 full-line stores in the United States and Nordstrom.com, over 200 off-price Nordstrom Rack stores, approximately three Canada full-line stores, Nordstromrack.com/HauteLook, over five Trunk Club clubhouses and TrunkClub.com, its approximately two Jeffrey boutiques and a clearance store that operates under the name Last Chance. It offers a range of brand-name and private label merchandise focused on apparel, shoes, cosmetics and accessories. Online purchases are shipped to its customers from its Cedar Rapids and East Coast fulfillment centers, but may also be shipped from its Nordstrom full-line stores. The Company’s customers can also pick up online orders in its Nordstrom full-line stores if inventory is available at one of its locations.
The Company, through its Credit segment, allows its customers to access a range of payment products and services, including a Nordstrom-branded private-label card, approximately two Nordstrom-branded Visa credit cards and a debit card for Nordstrom purchases. The credit and debit cards feature a loyalty program. Its Nordstrom private label credit and debit cards can be used only at its Nordstrom full-line stores in the United States, Nordstrom Rack stores and online at Nordstrom.com, Nordstromrack.com/HauteLook, while its Nordstrom Visa credit cards also may be used for purchases outside of Nordstrom. Cardholders participate in the Nordstrom Rewards program, through which cardholders accumulate points based on their level of spending. Upon reaching a certain points threshold, cardholders receive Nordstrom Notes, which can be redeemed for goods or services at Nordstrom full-line stores in the United States and Canada, Nordstrom Rack stores and at Nordstrom.com. Nordstrom Rewards customers receive reimbursements for alterations, get Personal Triple Points days and have early access to sales events.
Latest posts by Shayne Heffernan (see all)
- World War 3: Not a Race War an Economic War - June 2, 2020
- Hottest Instagram Accounts This Week: Kate Upton, 𝐁𝐚𝐝 𝐆𝐢𝐫𝐥𝐬 𝐃𝐨 𝐈𝐭 𝐖𝐞𝐥𝐥 𝐂𝐫𝐞𝐚𝐭𝐢𝐯𝐞, Jennifer Lopez - March 6, 2020
- ASEAN Market Preview - April 19, 2017