Cowen Cuts Price Target as Nordstrom's (JWN) Weak Traffic Continue Through 4Q

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Go back to Cowen Cuts Price Target as Nordstrom's (JWN) Weak Traffic Continue Through 4Q

Nordstrom Fourth Quarter and Fiscal 2015 Earnings In-Line with Expectations

February 18, 2016 4:05 PM EST

Achieved Sales Growth of 7.5% and Comparable Sales Increase of 2.7% for the Year

SEATTLE--(BUSINESS WIRE)-- Nordstrom, Inc. (NYSE: JWN) today reported earnings per diluted share for the fourth quarter ended January 30, 2016 of $1.00, which included asset impairment charges of $0.17 that were not included in the Company's outlook. Fourth quarter net sales increased 5.2 percent and comparable sales increased 1.0 percent, consistent with a comparable sales increase of 0.9 percent in the third quarter.

For fiscal 2015, earnings per diluted share were $3.15. Excluding impairment charges, earnings were in-line with the Company's outlook of $3.30 to $3.40. Fiscal 2015 net sales... More

The Harris Poll Releases Annual Reputation Rankings For The 100 Most Visible Companies In The U.S.

February 18, 2016 7:01 AM EST

NEW YORK, Feb. 18, 2016 /PRNewswire/ -- The Harris Poll® today released its 17th annual Reputation Quotient® (RQ®) Summary Report, revealing corporate reputation ratings for the 100 most visible companies in the U.S., as perceived by the general public. Amazon reclaimed the top spot, marking the eighth consecutive year the online retailer has ranked in the top ten, while Volkswagen Group dropped to the bottom. ... More