Nordstrom Inc. (NYSE: JWN) reported terrible earnings. Interestingly enough, the report from the high-end retailer is looking “good enough” when you consider the state of many retailers.
Douglas A. McIntyre Standard & Poor’s Ratings Services has put six department store companies on CreditWatch with negative implications and has changed the outlook on three department store companies to negative from stable. Moody’s &…
Macy’s (M) is up against the same hard rock as other large retailers who cater to the middle class, Sears (SHLD) and Nordstrom (JWN). Sales are being crippled by the recession and…
Short sellers placed large bets against the stock of tech companies for the period ending on January 15, taking a series of positions to gamble that firms like Microsoft (MSFT) and Cisco…
Several estimates from retail analysts predict the tens of thousands of retail outlets will close this year. Some put the number as high as 70,000 in the first half of 2009. Wall…
It looks like Nordstrom Inc. (NYSE: JWN) has a new largest shareholder. An existing holder called Capital World Investors has increased its ownership in the upscale retailer and now owns a 10.1%…
Douglas A. McIntyre Retail stocks are in rally mode despite forecasts that a large number of stock chains could file for bankruptcy this year and more than 70,000 individual stores could close. The move up…
According to Reuters, concerns about the global economy are growing as the G20 nations are meeting. Reuters says that Congress challenged banks on how they would use bailout funds. Reuters reports that…
The retail sales numbers on Main Street are truly going to hell in a hand basket. The only bright spot is Wal-Mart Stores (NYSE: WMT), and that is just indicative of a…
Luxury retailer Saks Inc. (SKS) today reported abysmal results, indicating that higher-end consumers are starting to feel the economic pinch as well. The company is betting that that its flagship Saks Fifth…
Douglas A. McIntyre These are ten of the analyst calls we see impacting shares this Friday morning: Allergan (NYSE: AGN) cut to Hold at Jefferies. ComScore (NASDAQ: SCOR) raised to Outperform at Oppenheimer. Dynamic Materials…
These are some of the analyst calls that 247WallSt.com is focusing on in early pre-market trading this Monday morning: Aeropostale (NYSE: ARO) Cut To Sell From Hold at Citigroup. AbitibiBowater (NYSE: ABH)…
Nordstrom Inc. (NYSE: JWN) posted $0.92 EPS on revenues of $2.51 Billion. First Call had targets set at $0.88 EPS on $2.53 Billion revenues. For the first quarter of 2008, Nordstrom projected …
Douglas A. McIntyre Nordstrom Inc. (NYSE: JWN) is set to report earnings after the close today. First Call has the following estimates: Time EPS $REVQ4-2008 (Jan.) …
Douglas A. McIntyre These are not all of the pre-market research calls during a busy earnings morning, but these are the top calls that 247WallSt.com is looking at: Adobe Systems (NASDAQ: ADBE) downgraded to Underperform…
