Nordstrom is the ‘best-of-breed’ (JWN)
|05/12/2017||Posted by BusinessMediaguide.Com under General World News||
Nordstrom remains a strong player in the retail world despite the ongoing retail apocalypse.
And that has equity analysts at both Credit Suisse and UBS bullish on the stock.
On Thursday, the retailer announced quarterly results that beat on both the top and bottom lines. And while same-store sales were light, a group of analysts at Credit Suisse seemed unfazed, saying Nordstrom was the “best-of-breed” in the department store space.
“Nordstrom demonstrated relative outperformance as strength in its eCommerce business (24% of sales and up double-digits) and Nordstrom Rack (30% of sales with comps up 2.3%), offset continued weakness read more >>>