International Expansion and Consumer Incentives Signal Long Play in Nordstrom
Posted on February 21, 2013 at 14:07 PM EST
Nordstrom (NYSE:JWN) the Seattle-based upscale department store and retail icon is expected to report earnings per share of $1.34 on revenue of $3.69 billion.   In January Nordstrom reported a revenue increase of 11.4% for stores open one year or longer which was nearly double analysts expectations of 6%. The affluent clientele that compose Nordstrom's customer base tend to be less impacted by higher payroll taxes and more impacted by equity performance. Though the stock has underperformed the market thus far in 2013 we should see solid gains throughout the year if bullish forecasts hold true.   Nordstrom has ...
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