Despite Investors' Fears, Nordstrom, Inc. Remains Rock Solid
Department store stocks have plunged this year, as investors have started to fear that mall-based retailers will be unable to stabilize their sales.
Yet while Nordstrom (NYSE: JWN) isn't completely insulated from the impact of falling mall traffic, growth in its e-commerce and off-price businesses has more than offset the sales declines in its full-line stores. This trend continued in the second quarter.
In the second quarter, Nordstrom's revenue reached $3.79 billion -- about 1% ahead of the average analyst estimate and up 3.9% year over year. Comparable-store sales increased 1.7%, driven by 20%-plus growth in its e-commerce revenue.
Source: Fool.com
Macy's Inc. Aktie
13,15 €
1,08 %
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Eine Steigerung von über 50% ist für Macy's Inc. möglich, angesichts eines Kursziels von 21 € gegenüber 13.15 €.
