Nordstrom Inc (NYSE:JWN)
$ 22.71 0.09 (0.4%) Market Cap: 3.74 Bil Enterprise Value: 7.66 Bil PE Ratio: 14.46 PB Ratio: 3.79 GF Score: 68/100
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Nordstrom Inc at Morgan Stanley Global Consumer Conference (Virtual) Transcript

Dec 02, 2020 / 07:00PM GMT
Release Date Price: $28.75 (+4.81%)
Kimberly Conroy Greenberger
Morgan Stanley, Research Division - MD

Good afternoon, everybody. My name is Kimberly Greenberger, and I'm the specialty softline department store and branded apparel analyst here at Morgan Stanley. And we're very pleased to welcome Nordstrom management today.

Nordstrom is a leading fashion retailer with over 350 locations in the U.S. and Canada, including 100 full line Nordstrom stores, 248 off-price Rack locations as well as 6 smaller format Nordstrom Local service hubs. The company also serves customers through Nordstrom.com, Nordstrom.ca, Nordstromrack.com, HauteLook.com and Trunkclub.com, yielding a 1/3 pre-COVID digital sales penetration and accelerating to more than half of the sales here in the third quarter.

Today, we're joined by CEO, Erik Nordstrom; and CFO, Anne Bramman. Erik held a number of positions throughout the company, including buying and regional management, before becoming Co-President in 2015 and then CEO in 2020. Anne joined Nordstrom in 2017 from Avery Dennison Corporation, where she had served as CFO since 2015. She had previously

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