Donkey's Earnings Recap
Well well well seems like Nordstrom didn't quite hit the mark with Wall Street's quarter earning expectations. Loss per share was 24 cents when Wall Street was looking for 8 cents. Oh come on Nordstrom that's as surprising as finding out Shrek likes onions!
Rack to the Rescue
Nordstrom is riding on the back of its trusty off price chain Nordstrom Rack. They've been opening Rack stores left and right even more than I eat waffles! The Rack stores showed some improvement but they're still trying to catch up to T.J. Maxx and Marshalls. Looks like competition is as fierce as Dragon's breath!
Shrek ing Sales Records
President Pete Nordstrom mentioned that activewear sales were on fire! Customers were gobbling up Adidas Vuori and Hoka like they were Eclair treats. Even kids' and women's apparel saw a boost. Seems like Nordstrom is making a comeback stronger than Shrek rescuing Fiona from that tower!
Private Matters
The Nordstrom family is contemplating taking the company private just like Shrek enjoys his quiet swamp time away from all the drama. After former chairman Bruce Nordstrom passed away the family is evaluating bids. It's like a fairy tale but with dividend yields and stock prices!
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