Form 8-K NORDSTROM INC For: Feb 19
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Investment in Stores, Supply Chain Impact Nordstrom's (JWN) Outlook; Stifel Maintains 'Hold' Rating
February 20, 2015 6:28 AM ESTStifel affirms Nordstrom (NYSE: JWN) with a Hold rating following quarterly results reported late Thursday.
Analyst Richard Jaffe commented that Q4 numbers were slightly below expectations due to a slightly higher tax rate than we modeled related to a reassessment of the companys deferred tax assets. Total comp store sales increased 4.7 percent driven by strength across all channels. Direct continues its strong growth, +19 percent,... More
