Nordstrom Inc (JWN.N)
4 Mar 2015
(The following statement was released by the rating agency) NEW YORK, March 04 (Fitch) Fitch Ratings has downgraded its long-term ratings on Nordstrom, Inc. (Nordstrom), including the company's Issuer Default Rating (IDR) to 'BBB+' from 'A-'. The Rating Outlook is Stable. A full list of ratings is provided at the end of this release. Nordstrom expects to conclude the review process of its credit card receivables ($2.3 billion as of Jan. 31, 2015) in the first half of 2015 and use the poten
Feb 26 - Macy's Inc's planned push into the off-price retailing sector, dominated by chains such as TJX Cos Inc's TJ Maxx, shows the venerable department store chain has faced up to new realities of retailing in the United States.
* Indexes up: Dow 0.9 pct, S&P 0.6 pct, Nasdaq 0.6 pct (Adds latest volume, Nordstrom shares up)
Feb 19 - Upscale department store operator Nordstrom Inc reported a lower-than-expected quarterly profit as it spent more on technology upgrades and store expansion, and increased discounts at its Rack brand stores in the holiday shopping season.
Feb 19 - Upscale department store operator Nordstrom Inc reported a 5 percent fall in quarterly profit as selling, general and administrative expenses increased 14 percent.