NORDSTROM Inc (JWN)

Nordstrom, Inc. - US chain of luxury department stores. The first store was opened in Seattle in 1901 and specialized exclusively in shoes. The product range was expanded to include clothing only in 1963, when the company already owned a small chain of stores. 10 years later, in 1973, the company began to simultaneously develop the Nordstrom Rack brand, a network of retail outlets operating on an "off-price" basis. Despite the active development of both networks, expansion beyond the American market occurred only in 2014. Canada was chosen as the new destination. In 2022, the total number of stores exceeded 450.

Now the parent corporation owns three more subsidiaries operating in the same niche:

• Nordstrom Rack - off-price clothing stores.
• HauteLook is an online platform with access to sales of clothing, jewelry, accessories, cosmetics and household goods.
• Trunk Club is a personalized service for the selection and sale of men's and women's clothing with fitting at home.

Statistics for 2021

• Annual income - USD 8 bn.
• Operating profit - USD 492 mn.
• Net profit - USD 178 mn.
• Assets - USD 9 bn.
• Own capital - USD 581 mn.
• Capitalization - USD 91 bn.

The corporation has also been on the Fortune 500 list of the 500 largest US companies for more than 25 years in a row (it ranks 245 in 2022) and is included in the list of "100 Best Companies to Work For."

Investments and shares

The company first went public in 1971 with an IPO on NASDAQ. However, in 1999, its assets were transferred to the New York Stock Exchange, where they began to trade under the ticker JWN - after the initials of the founder John W. Nordstrom. JWN stock is a component of the S&P 400 stock index.

The company is a rare case when a large share of securities is owned by private investors - about 47%. Investment funds own about 26% of all issued shares. Among them:

• The Vanguard Group,
• BlackRock Fund Advisors,
• Fidelity Management & Research Co.,

How can an individual buy Nordstrom shares?

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