A significant insider buy by Mark J Tritton, Board Member at Nordstrom (NYSE:JWN), was executed on June 4, and reported in the recent SEC filing.
What Happened: Tritton made a significant move by purchasing 7,170 shares of Nordstrom as reported in a Form 4 filing with the U.S. Securities and Exchange Commission. The transaction's total worth stands at $164,981.
In the Wednesday's morning session, Nordstrom's shares are currently trading at $22.32, experiencing a up of 0.13%.
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.
Nordstrom's Economic Impact: An Analysis
Revenue Challenges: Nordstrom's revenue growth over 3 months faced difficulties. As of 30 April, 2024, the company experienced a decline of ...