Overview of Nordstrom
Nordstrom (JWN) is a chain of 290 stores in 38 states in the United States as of fiscal 2014. The company operates as a leading retailer in apparel and fashion accessories.There are two reportable segments of the company, which are retail and credit.
The retail segment is the main operating segment of the company, whereas the credit segment is more of a support segment that provides payment products and services. Retail segment revenue forms 97% of Nordstrom’s total revenue.
An overview of Nordstrom’s stock performance
Nordstrom’s stock has been performing quite well on Wall Street, as can be seen in the above chart. In the last three years, the stock’s price has increased by 30.4%, and if total return is to be considered, then it has returned 37.4% to its investors as of October 6, 2015.
The stock has fallen by 6.31% on a YTD (year-to-date) basis, but in comparison to its peers in the SPDR S&P Retail ETF (XRT), it’s been able to hold quite well in the volatile third quarter while most other retail stocks felt the heat.
In the next articles we’ll have a look at the fundamental performance of Nordstrom.