Thread regarding Nordstrom layoffs

JWN @ 15.1, will go below 10 after earnings

Yeah, sell now. This ship is going down. Jump off, rats or go down with it
Peace. Out
“Got450KToSell

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Post ID: @OP+1547Gc20

8 replies (most recent on top)

It’ll get below 10 after earnings announcement

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Post ID: @5xmc+1547Gc20

OK, OP, I’m feeling bearish, I’ll take $10/sh over $20.

I’m not playing this, but you can probably get a $13 JWN Friday put option at .25 or better tomorrow, if that’s your thing.

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Post ID: @4wdw+1547Gc20

The restaurant division started out as a cooler full of sandwiches. I used to like making a day of it, shopping at Nordstrom and having a tasty meal.

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Post ID: @4pwd+1547Gc20

Heard Nordy may go back to selling shoes only. 7-11 style stores with perishables would bring in traffic. It’s a great idea

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Post ID: @4hmn+1547Gc20

How are the FLS “pop-up shops” pencilling out at EOD? Do they actually make money and get shoppers in the store, or are they expensive gimmicks? I hate to see shopping become spectacle. Is the magic mirror still around, and does it result in shopping bags leaving the store? An old business is desperately trying to learn new tricks.

The motion sensor store window tricks and that nonsense on the roof of store 1 were just embarrassing. Nordstrom is better than that.

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Post ID: @3qqb+1547Gc20

We need mobile vendors, driving around in rich neighborhoods. What do you think?

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Post ID: @3sjl+1547Gc20

In the 2008 crisis, the word from on high in Nordstrom management (Blake) was to control what you can control, and do not worry about what is out of your hands. Stop worrying, do your work! Management kept their promise to us, laying off excess foreign contractors in IT – the "augmentation" strategy – and keeping us real Americans on, an act for which I will always be grateful. Thank you for that, Nordstroms.

On Thursday we will hear Nordstrom's plan to weather the storm, their plan to do what they can control. This means closing lagging stores, laying off overpaid, entitled corp staff, making other cuts and concessions. Nordstrom will control what they can, but they are still depending on crazy forces outside their control.

I think Alderwood Mall, north of Seattle, is a good canary in the coalmine. It's a nice mall – it's got Apple and Lego stores – but, being in Lynnwood, not exactly super upscale. The FLS there is a nice one, with the parking lot entrance, positioned well with respect to the outdoor mall area, REI, Apple, the American Girl store, others. It has a nice restaurant, the FLS does well.

But if Macy's croaks and Apple leaves and Jamba Juice is shuttered and all the little filler businesses in the mall disappear, Nordstrom cannot carry this place alone. This is out of their hands. The "mall" concept still has to "work". And that's an open question.

I did receive a package from Nordstrom fulfilled out of a Rack this week. Never seen that before, but I understand that you are using the stores as fulfillment nodes (with targeted promotions) during the Chinese virus crisis in order to turn inventory and keep a tight ship. This is good retail smarts, it gives me hope for the company. But so much is out completely of their hands ...

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Post ID: @3med+1547Gc20

Not necessarily, not if they can demonstrate a credible plan to survive. That’s why I wrote the mega post with all the questions. Everyone knows this quarter will be a wreck, now it’s about the future.

Already they have shown a willingness to cut stores and the Jeffrey boutiques. So what other once-sacred cows are on the block now? What will they write-off? Whom to let go? How serious and credible and focused are their plans and outlook? It’s a huge earnings.

So, sure, maybe $10. Or back to $20 for a while. It might take the failure of the plan or continued comps deep in the red, a general depression, that catches up to them, puts their survival at risk, and tanks the shares months from now.

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Post ID: @1qkn+1547Gc20

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