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Actionable news in JWN: NORDSTROM Inc,

Nordstrom's Investments Will Increase Growth


Nordstrom remains committed to investing in future initiatives such as expansion into Canada and Manhattan, improving and adding new stores to its US footprint, and evolving to an e-commerce retailer.

Nordstrom remains the leading retailer in evolving to meet customers needs, which is seen in the company's return policy, growing discount stores, and commitment in growing its online presence.

Management refined guidance estimating a near double digit percent revenue gain for fiscal year 2016. The increase will come largely from the Nordstrom Rack and the growing online outlet.

The U.S. Commerce Department announced that retail sales rose only 0.1% in October, which was below the 0.3% increase economists forecasted. In the middle of the lagging retail recovery, retailers have cut profit outlooks for the year. Even with the slowing U.S. economic recovery and lagging retail sales, I believe the potential for a big upcoming holiday season have some retail stocks on sale. When analyzing the current retail landscape, I concentrate on what a company is doing to accommodate the always evolving shopper. Based on this, I believe there is one retailer, Nordstrom (NYSE:JWN) , that is the industry leader when it comes to evolving to meet customer needs, which makes the company a strong long-term investment.

Nordstrom has always been known as the retailer willing to adapt to customer's needs. This was originally evident by the company's customer friendly return policy, and has become even more evident with the company's announcement to invest $4.3 billion or 5% of sales over the next 5 years through 2020. The...