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Nordstrom cuts earnings guidance after weak holiday sales.The stock is down 7% and may move down another 25%.Other major retailers report in late February and could report similarly weak results.5 stocks we like better than NordstromIf Macy’s (NYSE:M) warning wasn’t enough to put the fear of markdowns into the retail sector Nordstrom (NYSE:JWN) should seal the deal. The company lowered its outlook for both revenue and earnings citing weaker-than-expected sales and the impact of inventory-clearing markdowns. Q4 2022 hedge fund letters, conferences and more Find A Qualified Financial AdvisorEach...
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Retail department store chain Macy’s Inc (NYSE:M) stock has been weathering the bear market in retail stocks after posting stellar fiscal Q1 2022 earnings and raising guidance. The department store giant’s Polaris strategy has been successful as Macy’s saw 88% of its omnichannel markets saw growth in the quarter with nearly 44.4 million active Macy’s shoppers. Consumer shopping trends shifted away from the pandemic active/casual and more towards occasion-based apparel due to the reopening trends and COVID vaccinations leading to more in-person engagements. This resulted in strong sales in wome...
ValueWalk
Retail department store chain Macy’s (NYSE:M) stock is still running on all cylinders posting double digit revenue growth and exceeding the pre-pandemic levels of 2019. The Company has gone through a two-year digital transformation implementing its Polaris strategy to much success as its emerges from the pandemic as a better run operation that added 7.5 million new shoppers in Q4 2021 alone. The Company reinstated its dividend and is also implementing a $2 billion buyback program upon completion of its current $500 million buyback program. Despite supply chain and inflationary pressures, the i...
ValueWalk
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