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3 pts

Opinion on  Nordstrom Inc (JWN)     Sector: Services  >  Industry: Retail (Apparel)
Bullish on JWN ...

Aug 18, 2008 06:03 PM UTC
Foto
Return Risk
-27.45% HIGH
Principal

Nordstrom, Inc., a fashion specialty retailer, provides designer and luxury apparel, shoes, cosmetics, and accessories for women, men, and children. It offers a selection of brand name and private label merchandise. The company provides its products through various channels, including full-line �Nordstrom' stores, discount �Nordstrom Rack' stores, �Jeffrey' boutiques, and catalogs, as well as on the Internet at nordstrom.com. Nordstrom, Inc., through its subsidiary, Nordstrom fsb, also offers a Nordstrom private label card, two co-branded Nordstrom VISA credit cards, and a debit card for Nordstrom purchases. These credit and debit cards feature a shopping-based loyalty program designed to increase customer visits and spending at the company's stores and online locations. Further, Nordstrom involves in product development operations, which coordinates the design and production of private label merchandise sold in its retail stores. As of February 2, 2008, the company had 103 �Nordstrom' full-line stores, 50 discount �Nordstrom Rack' stores, and 2 �Jeffrey' boutiques, as well as 2 clearance stores that operated under the name �Last Chance'. Nordstrom, Inc. was founded in 1901 and is based in Seattle, Washington. Target: 50.00


JWN:  This call was made on 08/18/08 @ $30.94
Rating:   Positive   $30.94 (08/18/08)
Gain/Loss:   -55.49% in 143 days
Allocation:   0.0% of portfolio


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