A notable insider purchase on June 4, was reported by Guy Persaud, Director at Nordstrom (NYSE:JWN), based on the most recent SEC filing.
What Happened: In a Form 4 filing on Tuesday with the U.S. Securities and Exchange Commission, it was disclosed that Persaud bought 7,170 shares of Nordstrom, amounting to a total of $164,981.
The latest market snapshot at Wednesday morning reveals Nordstrom shares up by 0.13%, trading at $22.32.
Discovering Nordstrom: A Closer Look
Nordstrom is a fashion retailer that operates about 93 department stores and more than 260 off-price Nordstrom Rack stores. The company also operates both full- and off-price e-commerce sites, two clearance stores, and seven Local locations. Nordstrom's largest merchandise categories are women's apparel (27% of 2023 sales), shoes (26% of 2023 sales), men's apparel (15% of 2023 sales), and beauty (13% of 2023 sales). Nordstrom, which traces its history to a shoe store opened in Seattle in 1901, continues to be partially owned and managed by members of the eponymous family.
Breaking Down Nordstrom's Financial Performance
Revenue Challenges: Nordstrom's revenue growth over 3 months faced difficulties. As of 30 April, 2024, the company experienced a decline of approximately -24.55%. This indicates a decrease ...