2024-03-09 02:38:08 ET
Summary
- Nordstrom plans to open 22 new stores in 2024, which could contribute to its growth.
- The company's hybrid distribution model, combining e-commerce and retail stores, offers a wide range of clothing and footwear brands.
- Nordstrom has a strong financial position, with $438 million available to acquire shares.
Nordstrom, Inc. ( JWN ) expects to open 22 new stores in 2024, may continue benefiting from online store growth and e-commerce, and reports $438 million available to acquire shares. These factors and the current valuation of 5x-6x EBITDA are good reasons to buy JWN. There are some risks because the total amount of debt is not small, future EPS may be lower than expected, and failed marketing campaigns could occur. With that, I believe that JWN is cheap right now.
Nordstrom
With a hybrid distribution model that includes e-commerce channels and retail distribution stores, this company offers a wide variety of clothing and footwear brands by gender and price....
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Nordstrom: Announced New Stores In 2024, Partnerships, And Very Cheap