Core Points - Nordstrom, Inc. has completed an all-cash acquisition by the Nordstrom family and El Puerto de Liverpool for $24.25 per share, with additional cash dividends of $0.25 and $0.1462 per share for shareholders [1][2] - Erik and Pete Nordstrom will serve as Co-CEOs following the acquisition, and the company's stock will be delisted from the NYSE on May 21, 2025 [2] - The acquisition marks a significant milestone in Nordstrom's nearly 125-year history, with a focus on customer service and merchandise quality as the company enters a new chapter [3] Company Overview - Nordstrom, Inc. has a long-standing commitment to customer service, evolving from a shoe store established in 1901 to a retailer with over 350 locations and a strong digital presence [6] - The company aims to provide convenience and connection for customers through its interconnected shopping model [6] El Puerto de Liverpool Overview - El Puerto de Liverpool is a leading Mexican omnichannel retailer with 310 department stores and a robust e-commerce platform, as well as being a major credit card issuer in Mexico [7] - The company employs over 78,000 workers and is recognized for its commitment to efficiency, growth, and social responsibility [8]

Financial Data and Key Metrics Changes - The meeting discussed the approval of a merger agreement, indicating a significant strategic shift for the company [8][12] - Shareholders were informed that preliminary results indicated approval of the merger proposal and compensation proposal [12] Business Line Data and Key Metrics Changes - Specific business line performance metrics were not detailed in the meeting, focusing instead on the overall merger strategy [8][14] Market Data and Key Metrics Changes - No specific market data or metrics were provided during the meeting [8][14] Company Strategy and Development Direction - The company is embarking on a new chapter following the merger, emphasizing a focus on customer service and quality merchandise [14] - Management expressed gratitude for the support of public shareholders and highlighted the importance of the transaction in the company's history [14] Management's Comments on Operating Environment and Future Outlook - Management did not provide detailed comments on the current operating environment but emphasized a commitment to customer care and service excellence [10][14] - Future speculation regarding going public again was deemed premature by management [10] Other Important Information - The meeting included a formal voting process for the merger and compensation proposals, with a quorum confirmed [6][12] - Legal counsel and proxy solicitors were present to ensure compliance and proper conduct of the meeting [4][5] Q&A Session Summary Question: When will the final dividend and closing date for the transaction be declared? - Management plans to disclose this information next week [9] Question: If the merger is successful, what would lead Nordstrom to go public again? - Management stated that they are focused on current strategies and have not contemplated going public again at this time [10]

Core Concept - Nordstrom has launched a limited-time pop-up shop called New Balance @ The Corner, celebrating the intersection of sport and culture through immersive experiences and product offerings [1][2] Group 1: Event Details - The pop-up shop will run for three months, marking the longest feature of a brand at The Corner in Nordstrom's NYC flagship [1] - The initial theme, "Grey Days," will focus on New Balance's signature color and include new and classic products along with community-centered activations [2] - The shop will transition themes monthly, with "Found In New York" planned for June and July, featuring local artists and cultural tributes [3] Group 2: Product Offerings - Monthly product drops will include shoes, apparel, and accessories for all ages, with limited edition collaborations and customization options available exclusively at Nordstrom NYC [4] - The pop-up will also host workshops and movement classes, enhancing customer engagement through multi-sensory experiences [7] Group 3: Company Background - New Balance, founded in 1906, emphasizes craftsmanship and innovation, with a commitment to quality reflected in its products [5][8] - The company reported worldwide sales of $7.8 billion in 2024 and employs 10,000 associates globally [8]

Core Viewpoint - Nordstrom, Inc. has demonstrated strong stock performance, significantly outperforming the broader retail sector and S&P 500 index, while focusing on digital growth and operational efficiency to enhance customer engagement and profitability [1][10]. Group 1: Stock Performance - Nordstrom's shares have surged 38.4% over the past year, compared to a 12.9% increase in the Retail-Wholesale sector and a 9.3% rise in the S&P 500 index [1]. - The Zacks Retail - Apparel and Shoes industry has seen a decline of 7.9% in the same period [1]. Group 2: Strategic Focus - The company is enhancing its digital capabilities to drive growth and customer engagement, with a focus on Nordstrom banner growth and optimizing operations at Nordstrom Rack [2][3]. - Nordstrom aims to capitalize on its digital-first platform, expand its market share, and deliver profitable growth by focusing on key markets and enhancing digital capabilities [3][4]. Group 3: Operational Efficiency - The company is leveraging technology to streamline operations, improve inventory management, and provide a seamless shopping experience, with efforts to enhance order fulfillment speed [4]. - Nordstrom is working to improve Rack's productivity, reduce transportation costs and delivery times, and enhance services through faster delivery [5]. Group 4: Earnings Estimates - The Zacks Consensus Estimate for fiscal 2025 and fiscal 2026 has seen upward revisions, reflecting positive sentiment around the stock [6]. - The earnings per share (EPS) estimate for the current fiscal year has risen by 0.9% to $2.15, while the estimate for fiscal 2026 has increased by 3.5% to $2.37, indicating a year-over-year earnings dip of 0.9% for the current year and growth of 10.4% for the next [7]. Group 5: Valuation - Nordstrom stock is trading at a forward price/earnings ratio of 10.96, which is lower than the industry average of 13.77 and its median of 11.98, indicating an attractive valuation [9]. - The company holds a Value Score of A, further strengthening its investment appeal [9]. Group 6: Conclusion - Nordstrom's robust strategies, including strong momentum at the Rack banner and digital initiatives, position it for success, with confidence in brand strength and profitable growth [10].

Core Insights - Shapellx has launched its products on the Nordstrom Online Marketplace, enhancing accessibility for consumers and promoting body positivity [1][2][3] - The partnership with Nordstrom is part of Shapellx's broader retail strategy to solidify its leadership in the shapewear industry through innovative designs and advanced fabric technologies [2][3] - Shapellx has been recognized with the 2025 American Good Design Awards for its innovative products, and it plans to unveil a new shapewear line, INNER ARMOR 2.0, that combines fashion with functionality [4] Company Strategy - The launch on Nordstrom's platform is a significant step in Shapellx's strategy to reach a wider audience and enhance brand visibility [2] - Shapellx aims to redefine industry standards by focusing on body positivity and high-performance shapewear, aligning with consumer needs [3] - The collaboration with TikTok for a Super Brand Day campaign indicates Shapellx's commitment to leveraging social media for brand growth and consumer engagement [4] Product Innovation - Shapellx's award-winning products are designed to deliver comfort, support, and style, showcasing the brand's commitment to innovation [4] - The upcoming INNER ARMOR 2.0 line is expected to further enhance the brand's reputation for blending fashion with functionality [4]

Core Viewpoint - Nordstrom, Inc. is enhancing its digital capabilities and driving growth through operational optimization and customer engagement, resulting in a significant share price increase of 31.7% over the past year, outperforming industry and market benchmarks [1][3]. Group 1: Digital and Operational Strategies - The company is leveraging technology to streamline operations, improve inventory management, and enhance the shopping experience, with digital sales accounting for 38% of net sales in Q4 fiscal 2024 [3]. - Nordstrom aims to boost productivity at Nordstrom Rack by reducing transportation costs and delivery times while introducing more premium brands and improving brand awareness [4]. - The company has redefined its flagship brand to offer a trendy look and improved connectivity between physical and digital inventory, which supports its growth strategy [5]. Group 2: Financial Performance and Estimates - The Zacks Consensus Estimate for earnings per share (EPS) has increased by 2.9% to $2.13 for the current fiscal year and by 2.7% to $2.29 for fiscal 2026, despite a projected year-over-year earnings dip of 1.8% for the current year and 7.5% for the next [9]. - Sales estimates indicate a growth of 1.9% for fiscal 2025 and 1.4% for fiscal 2026, reflecting a positive outlook for the company's revenue [9]. Group 3: Valuation and Market Position - Nordstrom stock is currently trading at a forward price/earnings ratio of 11.11, which is lower than the industry average of 13.37 and its median of 11.98, indicating an attractive valuation [10]. - The company holds a Zacks Rank of 1 (Strong Buy), suggesting strong market confidence in its strategies and performance [11].

Core Viewpoint - Nordstrom's shares have increased by approximately 0.4% since the last earnings report, outperforming the S&P 500, raising questions about the sustainability of this positive trend leading up to the next earnings release [1] Estimates Movement - Estimates for Nordstrom have remained stable over the past month, with a consensus estimate shift of 7.89% [2] VGM Scores - Nordstrom currently holds a Growth Score of A, a Momentum Score of C, and a Value Score of A, placing it in the top 20% for the value investment strategy, resulting in an aggregate VGM Score of A [3] Outlook - Nordstrom has a Zacks Rank of 1 (Strong Buy), indicating expectations for above-average returns in the coming months [4]

Group 1 - Nordstrom (JWN) is currently outperforming the Retail-Wholesale sector, with a year-to-date return of 1.2% compared to the sector's average loss of 1.2% [4] - The Zacks Rank for Nordstrom is 1 (Strong Buy), indicating a positive earnings outlook, with the consensus estimate for full-year earnings having increased by 7.9% over the past quarter [3] - The Retail-Apparel and Shoes industry, which includes Nordstrom, has seen an average loss of 20.9% this year, highlighting Nordstrom's relative strength within this segment [5] Group 2 - The Retail-Wholesale group consists of 214 companies, with Nordstrom ranked 13 in the Zacks Sector Rank [2] - Zalando (ZLNDY) is another stock in the Retail-Wholesale sector that has outperformed, returning 4.8% year-to-date, and has a Zacks Rank of 2 (Buy) [4][5] - Investors are encouraged to monitor both Nordstrom and Zalando for continued strong performance in the Retail-Wholesale sector [6]

Core Viewpoint - Momentum investing focuses on "buying high and selling higher" rather than traditional strategies of "buying low and selling high" [1] Group 1: Momentum Investing Strategy - Momentum investors often face challenges in determining the right entry point, as stocks may lose momentum when their valuations exceed future growth potential [2] - A safer approach involves investing in bargain stocks that exhibit recent price momentum, utilizing tools like the Zacks Momentum Style Score to identify such opportunities [3] Group 2: Stock Analysis - Nordstrom (JWN) - Nordstrom (JWN) has shown a four-week price change of 0.2%, indicating growing investor interest [4] - Over the past 12 weeks, JWN's stock gained 0.9%, with a beta of 2.6, suggesting it moves 160% higher than the market in either direction [5] - JWN has a Momentum Score of A, indicating a favorable time to invest based on momentum [6] - The stock has a Zacks Rank 1 (Strong Buy) due to upward revisions in earnings estimates, which attract more investors [7] - JWN is trading at a Price-to-Sales ratio of 0.27, meaning investors pay 27 cents for each dollar of sales, indicating a reasonable valuation [7] Group 3: Additional Investment Opportunities - Besides JWN, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, suggesting further investment opportunities [8] - The Zacks Premium Screens offer over 45 different strategies tailored to help investors find winning stock picks [9]

Valuation - Nordstrom, Inc. (JWN) is trading at a forward 12-month price-to-earnings ratio of 11.32, which is below the industry average of 16.46 and the Retail-Wholesale sector's average of 23.05, indicating it is undervalued relative to its peers [1] - The current stock price is $24.37, reflecting a 2.5% discount from its 52-week high of $24.99 [3] Price Performance - JWN shares have increased by 31% over the past year, outperforming the Zacks Retail - Apparel and Shoes industry's decline of 3.1% and the S&P 500 index's increase of 11.3% [3] - The stock is trading above its 200-day and 50-day moving averages of $23.24 and $21.66, respectively, indicating a sustained upward trend [3] Growth Drivers - Nordstrom is focusing on growth at both the Nordstrom banner and Nordstrom Rack, optimizing operations and enhancing customer experience [5] - The company is committed to improving inventory management and refining its product mix to boost productivity [5] - The Nordstrom Rack banner is showing positive results through increased brand penetration and targeted improvements [6] Strategic Initiatives - The "Closer to You" strategy includes store expansion and localized offerings, enhancing accessibility and customer loyalty [6][8] - Nordstrom is enhancing its digital capabilities, with digital sales representing 38% of net sales in the fourth quarter of fiscal 2024 [11] - The company is leveraging technology to streamline operations and improve inventory management, focusing on faster delivery and personalized services [12] Financial Performance - In the fourth quarter of fiscal 2024, Nordstrom experienced a slight decline in total revenues but saw improvements in net sales and comparable sales growth [9] - Gross profit margin expanded due to improved merchandise margins, better inventory management, and reduced markdowns [10] - Adjusted SG&A expenses declined as a percentage of net sales, despite higher labor costs, contributing to strong year-over-year growth in adjusted EBIT [10] Earnings Estimates - The Zacks Consensus Estimate for earnings per share has seen upward revisions, with current estimates for the fiscal year increased by 5.5% to $2.13 and by 15.7% to $2.29 for the next fiscal year [13] Final Thoughts - JWN stock is appealing to investors due to its undervaluation relative to industry peers and strategic initiatives supporting long-term growth [15] - The company's strong execution and market positioning demonstrate resilience and growth potential, currently holding a Zacks Rank 1 (Strong Buy) [15]