Disclosed in the latest SEC filing, a significant insider purchase on June 4, involves Glenda McNeal, Director at Nordstrom (NYSE:JWN).
What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Tuesday showed that McNeal purchased 7,170 shares of Nordstrom. The total transaction amounted to $164,981.
At Wednesday morning, Nordstrom shares are down by 2.36%, trading at $21.77.
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 Growth: Nordstrom's revenue growth over a period of 3 months has faced challenges. As of 30 April, 2024, the company experienced a revenue decline of approximately -24.55%. This indicates a decrease in the company's top-line earnings. ...