Nordstrom to Expand Footprint: New Rack Store Coming Up in Holbrook

Zacks09-26

As part of its store expansion initiative, Nordstrom, Inc. JWN unveiled plans to open a new Nordstrom Rack in Holbrook, NY, in fall 2025. This new store will bolster the company's presence in the New ...

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JWN unveiled plans to open a new Nordstrom Rack in Holbrook, NY, in fall 2025. This new store will bolster the company's presence in the New ...</p>\n\n<a href=\"https://finance.yahoo.com/news/nordstrom-expand-footprint-rack-store-155900745.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4585","symbol_name":"ETF&股票定投概念","start_time":0,"source_url":"https://finance.yahoo.com/news/nordstrom-expand-footprint-rack-store-155900745.html","article_id":"2470763281","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/j8MbQYtbEeuG3CANg9pXyA--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/2acea5399859cd50566cdd60fa3de30b"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2470763281","pubTimestamp":1727366340,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Nordstrom Rack is the off-price retail division of Nordstrom and plays a critical role in the company's Closer to You strategy. This strategy focuses on delivering customers a more convenient and interconnected experience across its stores and digital platforms. Nordstrom Rack offers customers up to 70% off on trending apparel, accessories, beauty products, home decor and shoes from many of the top brands sold at Nordstrom stores.Nordstrom Rack stores are designed to attract a diverse customer base, offering them high-quality, fashionable items at significant discounts. By providing a wide array of products from leading brands, Nordstrom Rack aims to cater to the needs of budget-conscious shoppers without compromising on style or quality.Nordstrom has been making efforts to drive efficiency and improve customer experience via faster order fulfillment. Also, increased focus on Nordstrom Rack bodes well. The company continues focusing on introducing more premium brands at Rack, better as","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4585":"ETF&股票定投概念","SCVL":"Shoe Carnival","BK4103":"百货商店","BK4588":"碎股","JWN":"诺德斯特龙","BK4566":"资本集团","ANF":"爱芬奇","LU1878469433.USD":"THREADNEEDLE (LUX) - AMERICAN SMALLER COMPANIES \"A\" (USD) ACC","BK4220":"综合零售","BK4094":"服装零售","BURL":"伯灵顿百货"},"translate_title":"Nordstrom将扩大业务范围：霍尔布鲁克即将开设新货架店","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BURL":1,"JWN":1,"SCVL":1,"ANF":0.9},"content_text":"As part of its store expansion initiative, Nordstrom, Inc. JWN unveiled plans to open a new Nordstrom Rack in Holbrook, NY, in fall 2025. This new store will bolster the company's presence in the New York market, attracting new customers through its wide range of high-quality brands at affordable prices. The new store, covering a 27,000-square-foot area, will be located at The Shops at SunVet, a famous shopping center that houses retailers like Whole Foods Market and Starbucks. The Shops at SunVet, located at the intersection of Sunrise Highway and Veterans Memorial Highway, are owned and managed by Regency Centers.The Holbrook store will offer many convenient services designed to provide a seamless shopping experience. Customers will be able to shop from Nordstrom.com and NordstromRack.com, with the option to pick up their purchases in-store. The store will also offer easy return processes, ensuring hassle-free returns. These services are designed to integrate online and in-store experiences, providing shoppers with greater flexibility and convenience.The expansion into Holbrook demonstrates Nordstrom's commitment to growing its presence in key markets and contributing to local economies. This new store is expected to create job opportunities and stimulate economic activity in the surrounding areas. Currently, Nordstrom operates five Nordstrom stores and 11 Nordstrom Rack stores across New York, contributing to the state's economy by generating more than 2,000 jobs. Nordstrom stock, which currently sports a Zacks Rank #1 (Strong Buy), has gained 15.6% in the past six months against the industry’s decline of 5.9%.\nImage Source: Zacks Investment Research\nWhat Makes Nordstrom Rack Unique?\nNordstrom Rack is the off-price retail division of Nordstrom and plays a critical role in the company's Closer to You strategy. This strategy focuses on delivering customers a more convenient and interconnected experience across its stores and digital platforms. Nordstrom Rack offers customers up to 70% off on trending apparel, accessories, beauty products, home decor and shoes from many of the top brands sold at Nordstrom stores.Nordstrom Rack stores are designed to attract a diverse customer base, offering them high-quality, fashionable items at significant discounts. By providing a wide array of products from leading brands, Nordstrom Rack aims to cater to the needs of budget-conscious shoppers without compromising on style or quality.\nLooking Ahead\nNordstrom has been making efforts to drive efficiency and improve customer experience via faster order fulfillment. Also, increased focus on Nordstrom Rack bodes well. The company continues focusing on introducing more premium brands at Rack, better assortment and increased brand awareness. It has introduced five Rack stores in the reported quarter, bringing its year-to-date total to 11. Going ahead, it intends to roll out to more markets. Management intends to open 12 more Rack stores this year before the holiday season.Nordstrom remains focused on its long-term strategy, which builds on its market strategy to capitalize on its digital-first platform to better serve customers, gain market share and deliver profitable growth. As part of the strategy, Nordstrom had earlier issued a long-term outlook. It predicted revenues to grow low single-digits on an annual basis, with operating income likely to outpace revenues in the long term. EBIT margin is expected to be more than 6%, with annual operating cash flow anticipated to be more than $1 billion. Capital expenditure is likely to be 3-4% of sales.\nThree Other Picks You Can’t-Miss\nWe have highlighted three other top-ranked stocks in the broader sector, namely Abercrombie & Fitch Co. ANF, Shoe Carnival SCVL and Burlington Stores BURL.Abercrombie, a leading casual apparel retailer, currently sports a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.The Zacks Consensus Estimate for ANF’s current financial-year sales and earnings indicates growth of 13% and 63.4%, respectively, from the year-ago reported figures. Abercrombie has a trailing four-quarter earnings surprise of 27.9%, on average.Shoe Carnival, one of the nation's largest family footwear retailers, offers a broad assortment of moderately priced dress, casual and athletic footwear for men, women and children. The stock currently carries a Zacks Rank #2 (Buy). The Zacks Consensus Estimate for SCVL's current fiscal sales indicates a growth of 5.09% from the year-ago reported figure.Burlington Stores is a nationally recognized off-price retailer of high-quality, branded apparel, footwear, accessories and merchandise for the home at everyday low prices. It currently carries a Zacks Rank #2. BURL has a trailing four-quarter earnings surprise of 18.4%, on average.The Zacks Consensus Estimate for Burlington Stores’ current financial-year sales and earnings suggests growth of 10.1% and 30.5%, respectively, from the year-ago reported numbers.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nAbercrombie & Fitch Company (ANF) : Free Stock Analysis Report\nNordstrom, Inc. (JWN) : Free Stock Analysis Report\nShoe Carnival, Inc. (SCVL) : Free Stock Analysis Report\nBurlington Stores, Inc. (BURL) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2470763281"}