Nordstrom ‘s mixed fourth quarter and full year results are exciting Wall Street at least, as shares gained by 3.55% to $45.50 in post-market trading. The luxury retailer reported adjusted fourth quarter earnings of $1.37 a share, above analyst estimates for $1.15 a share.
Category: Nordstrom
Sears, Kmart Drop 31 Trump Home Items From Their Online Shops
Major U.S. retailers Sears and Kmart this week removed 31 Trump Home items from their online product offerings to focus on more profitable items, a spokesman said on Saturday. The decision follows retailer Nordstrom Inc’s announcement this week it had decided to stop carrying Ivanka Trump’s apparel because of declining sales, prompting President Donald Trump to take to Twitter to defend his daughter.
Trump’s Tweets Don’t Have Much Effect on Stock Market
Donald Trump’s tweet knocking Nordstrom coincided with the company’s stock’s best and most-traded day of the year. President Trump tweeted about two companies on Wednesday — one praising Intel , another knocking Nordstrom .
Nordstrom Shares Rally for Second Day as Trump Aide Makes Potential Ethics Misstep
Nordstrom shares continue to rally on Thursday as one of Trump’s top aides raises eyebrows by urging Americans to buy the Ivanka Trump line Nordstrom just dropped. Nordstrom shares rallied on Thursday for a second day as one of his top aides may have violated ethics laws by urging Americans to buy the Ivanka Trump line it just dropped.
These Major Mall Anchors Are Getting Trumped by Amazon.com
Mall anchors Dillard’s , J.C. Penney , Nordstrom and Macy’s immediately traded higher after Donald Trump’s election win on Nov. 8. Meanwhile, Amazon.com traded lower. Between Nov. 14 and Dec. 8, these trends reversed big time.
Trump vs Nordstrom: The latest bout raising ethical concerns
In this May 13, 2016 file photo, the Nordstrom logo is displayed above the post where it trades on the floor of the New York Stock Exchange in New York. Nordstrom shares sunk after President Trump tweeted that the department store chain had … treated his daughter Ivanka “so unfairly” when it announced last week that it would stop selling Ivanka Trump’s clothing and accessory line.
Nordstrom Said to Wind Down Ivanka Trump Brand Partnership
Nordstrom Inc. is winding down its relationship with the controversial Ivanka Trump brand, according to a person with knowledge of the situation, a move that follows boycott threats and concerns about the first daughter’s conflicts of interest. The department-store chain is reducing the amount of Ivanka Trump merchandise it stocks, though some inventory may remain for now, according to the person, who asked not to be identified because the decision isn’t yet public.