Why Nordstrom Stock Skyrocketed? Are Department Store Stocks Worth Investing in?

MillionaireTiger
2022-03-03

Good Morning, everyone. Happy hump day & happy green day.

Department stores stocks all have good performance in last trading day.

$Nordstrom(JWN)$ on Tuesday reported better-than-expected profits and sales for the holiday quarter, prompting the retailer to offer an optimistic outlook for the coming year in spite of ongoing supply chain concerns and rampant inflation.

Shares of Nordstrom spiked more than 35% in after-hours trading immediately following the report.

Soared by 37%, What Happened to the Retailer？

Not only that, Macy's and Kohl's all have a good catch. $Macy's(M)$ shares up more than 6%, $Kohl's(KSS)$ add 3.86%. 

In January, there is a rumor about the acquisition of Kohl. However, Kohl's Board of Directors has rejected the acquisition offers from Sycamore Partners and Acacia Research, stating that “the valuations indicated in the current expressions of interest which it has received do not adequately reflect the Company’s value in light of its future growth and cash flow generation.”

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Are department store stocks worth investing in?

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voteWhy Department Store Stock Skyrocketed Today？(Single choice)
75 people voted· Ended

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  • MillionaireTiger
    ·2022-03-16
    Congrats to Tigers! Your comments are rewarded by 50 Tiger Coins! Check your account on [Me] - [Tiger coins] - (Upper Right Corner). Please feel free to contact me if you have any questions! @Boo2020 @RedpillBluep @muiee @Kaixiang @Avik @Wayneqq @SilentInvst1 @Hayz @Kingcat @HarimauJago @Stingaling @苗派 @Et1502 @StayCalm @Furore @jat @Anzygart @Ra007 @koolgal @Ultrahisham @surfer guy
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    • jat: 
      thank you !
      2022-03-17
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    • Kingcat: 
      thank u!
      2022-03-17
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    • Boo2020: 
      thank you [love you]
      2022-03-16
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  • koolgal
    ·2022-03-06

    Due to pent up consumer demands from lock downs, increase in savings, consumers are going back to departmental stores once again.  Nothing beats the wonderful experience of shopping in store where you can try on beautiful clothes compared to shopping online. Even Nike is into going into physical stores too.

    Departmental stores are also using omni channels, expanding their loyalty programs to increase sales. 

    With good management and aggressive marketing strategies, Departmental stores are able to grow exponentially. Target is a great example.  However they do face headwinds like inflation, supply constraints and labour shortages.  

    I will monitor closely stocks like Target, Macys before investing in them for now.


    @MillionaireTiger  Why Nordstrom Stock Skyrocketed

    @TigerStars  

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    • koolgalReplying toInvest 1 2 3: 
      Thanks
      2022-03-06
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    • koolgalReplying toXiia: 
      Thanks for sharing your insights and knowledge on Target. 👍😊
      2022-03-06
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    • koolgalReplying to不死鸟.: 
      Thanks
      2022-03-06
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    View more 6 comments
  • Ra007
    ·2022-03-04
    Ecommerce is all good but with Covid nearing its end, retail via physical stores will rebound- plus revenge spending too. These companies are learning phygital - combining physical with digital [Cool]
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    • Lgl: 
      Ok
      2022-03-04
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  • Pluto891
    ·2022-03-05
    Can buy but not in big quantity. e-commerce may becme proliferate one day (with speciality stores). Dept stores mgt b eliminated
    However in a big country, pple may like gg to big Dept store to shop.
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  • Et1502
    ·2022-03-05
    I don’t liked war, but I also don’t agreed on what is called ”threatening” by the Western countries. Sit-down & talk is the best solution. The West forgotten they invented the word, “Diplomacy”
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  • Kingcat
    ·2022-03-05
    some items just need that "touch n try" before buying. resumption of physical shopping can help a rebound in rock bottom sales revenues, so bargains can still be found. not for long term investment
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  • jat
    ·2022-03-04
    i feel that dept stores, unless they innovate, their time has passed.many established brand owners don't need them to carry their stocks anymore.moving online allows wider base n more direct outreach
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  • AgentW
    ·2022-03-04
    Pent up demand, just wanna get out, and oops my clothes so fudgy after the lockdowns, Tourist dollars are coming in, springis easier to shop!idont like to invest in it as the overheads rental are high
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  • Et1502
    ·2022-03-05
    Nordstrom was not sanctioned as EU & US need the oil supplies. More than 30% of the world outputs come from Russia. No politicans will harm their own interests. 🤣🤣🤣
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  • RedpillBluep
    ·2022-03-05
    well, when the pandemic dies down, retail activities will definitely see a huge surge, no doubt about it. But I think travel and hospitality sector will get a much bigger surge.
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  • Anzygart
    ·2022-03-04
    Expectations were low for $Nordstrom(JWN)$ so when positive surprise came in, stock skyrockets. I doubt retailers like $Macy's(M)$ or $TJX Companies(TJX)$ will jump that much. Economy appears solid
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  • HarimauJago
    ·2022-03-04
    Results have been volatile particularly outside of the Anniversary sale. Difficult for the company to grow sales and earnings given challenging retail and rising interest rates environment.
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  • Hayz
    ·2022-03-07
    Stores needs to change so as to be relevant.... need to be near F&B, where people still need to go, tech integration to sell products and upgrade/repair services for others.  only few will survive.
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  • tarotsgirl
    ·2022-03-05
    last few mths are holiday seasons.. plus Chinese could purchase for cny.. hopefully the consumption trend goes up. there are bound to be changes with the Russia-Ukraine war, hope it ends ASAP.
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  • Huiz84
    ·2022-03-05
    I do not think so that department store stock is worth investing in, as everything is falling at the market now.
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  • maricel
    ·2022-03-05
    [smile] [smile] [smile] [smile] [smile] [smile] [smile] [smile] [smile] [smile] [smile] [smile] [smile] [smile]
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  • setia100
    ·2022-03-05
    Pandemic over, people can unmasked n shop. Shopping is an addiction to ladies in general.😂
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  • Wzpang
    ·2022-03-05
    Market will have up and down... I believe that the market is going to be better soon!
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  • luckyone
    ·2022-03-04
    nowadays more people shop online. some may go department stores to see the actual product but may still buy online upon "feeling & touching"....
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  • 和我一起成长
    ·2022-03-05
    离退休是越来越远了。跌跌不休何时才是头呀！[捂脸][捂脸][捂脸]
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