A notable insider purchase on June 4, was reported by Kirsten Green, Director at Nordstrom (NYSE:JWN), based on the most recent SEC filing.
What Happened: Green's recent purchase of 7,170 shares of Nordstrom, disclosed in a Form 4 filing with the U.S. Securities and Exchange Commission on Tuesday, reflects confidence in the company's potential. The total transaction value is $164,981.
In the Wednesday's morning session, Nordstrom's shares are currently trading at $22.32, experiencing a up of 0.13%.
About Nordstrom
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: Delving into Financials
Decline in Revenue: Over the 3 months period, Nordstrom faced challenges, resulting in a decline of approximately -24.55% in revenue growth ...