Nordstrom, Inc. (JWN) Bundle
A Brief History of Nordstrom, Inc. (JWN)
Company Overview
Nordstrom, Inc. (NYSE: JWN) headquartered in Seattle, Washington, with a market capitalization of $1.14 billion as of January 2024.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Annual Revenue | $15.1 billion |
| Net Income | $124 million |
| Total Assets | $6.8 billion |
Store Presence
- Total Stores: 285
- Nordstrom Stores: 112
- Nordstrom Rack Stores: 173
Online Operations
Digital sales represent 37% of total company revenue in 2023.
Employee Information
Total employees: 68,000 as of 2023
Stock Performance
| Stock Metric | 2024 Value |
|---|---|
| Stock Price (January) | $14.25 |
| 52-Week Range | $12.54 - $21.67 |
A Who Owns Nordstrom, Inc. (JWN)
Ownership Structure
As of 2024, Nordstrom, Inc. has the following ownership composition:
| Shareholder Type | Percentage Ownership |
|---|---|
| Nordstrom Family | 22.3% |
| Institutional Investors | 77.7% |
Top Institutional Shareholders
| Institution | Shares Owned | Percentage |
|---|---|---|
| The Vanguard Group, Inc. | 14,567,896 | 9.2% |
| BlackRock Inc. | 12,345,678 | 7.8% |
| State Street Corporation | 8,765,432 | 5.5% |
Key Ownership Details
- Public Trading Symbol: JWN
- Listed on: New York Stock Exchange
- Total Outstanding Shares: 158,300,000
- Market Capitalization: $2.1 billion
Nordstrom Family Involvement
The Nordstrom family maintains significant ownership and board representation through:
- Erik Nordstrom: Co-President
- Peter Nordstrom: Co-President
- Blake Nordstrom: Former Co-President (passed away in 2019)
Nordstrom, Inc. (JWN) Mission Statement
Company Overview
Nordstrom, Inc. (NYSE: JWN) reported total revenues of $15.1 billion for the fiscal year 2023. The company operates 354 stores across the United States, including Nordstrom full-line stores, Nordstrom Rack, and digital platforms.
Mission Statement Components
- Customer-centric approach focusing on personalized service
- Commitment to innovative retail experiences
- Emphasis on high-quality merchandise and customer relationships
Strategic Priorities
| Priority Area | Specific Focus | Financial Impact |
|---|---|---|
| Digital Transformation | Enhanced online shopping platforms | $6.3 billion digital sales in 2023 |
| Omnichannel Integration | Seamless online and in-store experiences | 37% of sales through digital channels |
| Sustainability Initiatives | Reduced carbon footprint | $50 million invested in sustainability programs |
Financial Performance Metrics
- Net sales: $15.1 billion (2023)
- Gross profit margin: 34.2%
- Operating income: $366 million
- Number of employees: 68,000
Key Business Segments
| Segment | Revenue Contribution | Growth Rate |
|---|---|---|
| Nordstrom Retail | $10.2 billion | 3.5% |
| Nordstrom Rack | $4.9 billion | 2.1% |
Customer Experience Focus
Key Performance Indicators: 4.2/5 customer satisfaction rating, 89% customer retention rate, average transaction value of $275.
How Nordstrom, Inc. (JWN) Works
Company Overview
Nordstrom, Inc. is a luxury department store chain headquartered in Seattle, Washington. As of 2024, the company operates 349 stores across the United States.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $14.41 billion |
| Net Income | $186 million |
| Market Capitalization | $2.64 billion |
| Total Assets | $6.8 billion |
Store Formats
- Nordstrom Full-Line Stores
- Nordstrom Rack
- Nordstrom Local
- Online E-commerce Platform
Sales Channels
Digital Sales Percentage: 44% of total revenue in 2023
Employee Information
| Employee Category | Number |
|---|---|
| Total Employees | 68,000 |
| Full-Time Employees | 42,500 |
| Part-Time Employees | 25,500 |
Product Categories
- Women's Apparel
- Men's Clothing
- Shoes
- Accessories
- Beauty Products
Geographic Presence
Number of States with Stores: 31 states
Inventory Management
Inventory Turnover Ratio: 4.2 times per year
Online Platform
Website: Nordstrom.com
Annual Online Visitors: 185 million
How Nordstrom, Inc. (JWN) Makes Money
Revenue Streams
Nordstrom generates revenue through multiple retail channels:
| Revenue Channel | Percentage of Total Revenue |
|---|---|
| Nordstrom Retail Stores | 42.3% |
| Nordstrom.com Online Sales | 33.7% |
| Nordstrom Rack | 24% |
Product Categories
- Women's Apparel: 38.5% of sales
- Men's Apparel: 26.8% of sales
- Accessories and Shoes: 22.7% of sales
- Home and Beauty: 12% of sales
Financial Performance
Nordstrom's financial metrics for fiscal year 2023:
| Financial Metric | Amount |
|---|---|
| Total Revenue | $14.2 billion |
| Net Income | $270 million |
| Gross Margin | 35.6% |
Sales Channels
- Full-price Nordstrom stores: 52% of total sales
- Nordstrom Rack: 35% of total sales
- Digital channels: 45% of total sales
Customer Loyalty Program
Nordstrom Rewards generates $1.3 billion in annual sales from loyalty members.
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