Nordstrom Inc
JWN: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$46.80 | Pjcc | Zfqwxhl |
Nordstrom Is Making Sound Investments in Operations and Merchandising but Lacks a Competitive Edge
Business Strategy and Outlook
Nordstrom has a loyal customer base built on differentiated fashion products, quality brands, and first-rate service. While we once thought that these strengths provided a competitive advantage based on a brand intangible asset, we no longer believe that they do. Realistically, Nordstrom’s recovery from the pandemic has been rocky, and the US apparel retail market has only become more competitive.