Previous close | 19.92 |
Open | 19.92 |
Bid | 20.11 x 800 |
Ask | 20.17 x 1300 |
Day's range | 19.84 - 20.30 |
52-week range | 12.88 - 23.53 |
Volume | |
Avg. volume | 4,698,242 |
Market cap | 3.309B |
Beta (5Y monthly) | 2.60 |
PE ratio (TTM) | 24.72 |
EPS (TTM) | 0.82 |
Earnings date | 29 May 2024 - 03 Jun 2024 |
Forward dividend & yield | 0.76 (3.75%) |
Ex-dividend date | 11 Mar 2024 |
1y target est | 17.62 |
While consumer spending has remained relatively strong through inflation, retailers have struggled to stay relevant, with Macy's (M) announcing it will shutter 150 locations. Discount retailers like The TJX Companies (TJX) and Burlington Stores (BURL), however, have held up as consumers seek sales elsewhere under the pressure of inflation. JLL Americas President of Retail Naveen Jaggi joins Yahoo Finance Live to discuss the state of retail and the consumer, as well as the success of brands like Burlington. He discusses Burlington's recent growth and how it relates to the consumer: "Today, they're opening over 60 stores a year and they're taking 50, 60, 70,000 square feet in some places. To me, I'm watching that entire sector and saying where the US consumer is shopping, that's the sector I want to watch because that tells me where we spend our dollars has the most sustainability in the long run and today more than ever, the dollar value sector is grabbing a more lion's share of the US consumer than ever before." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino
Nordstrom ( NYSE:JWN ) Full Year 2024 Results Key Financial Results Revenue: US$14.7b (down 5.4% from FY 2023). Net...
But deals for Macy's and Nordstrom might change the dynamic, putting private ownership of major U.S. retailers back in vogue. In its new bid to take Nordstrom private, for example, the Nordstrom founding family wants to keep control of the chain but doesn't want the pressure of having to release quarterly performance as it's trying to figure out its strategy. Nordstrom opened 19 new Nordstrom Rack locations in 2023 and has plans to open an additional 22 stores in 2024, executives told investors in a post-earnings call on March 5.