Nordstrom Inc (NYSE:JWN)
$ 24.22 0.01 (0.04%) Market Cap: 4.00 Bil Enterprise Value: 7.91 Bil PE Ratio: 15.42 PB Ratio: 4.04 GF Score: 64/100
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Nordstrom Inc at Morgan Stanley Global Consumer & Retail Conference (Virtual) Transcript

Dec 02, 2021 / 06:40PM GMT
Release Date Price: $20.56 (+2.65%)
Kimberly Conroy Greenberger
Morgan Stanley, Research Division - MD

Sorry. Good afternoon now. We've officially transitioned. My name is Kimberly Greenberger, and I'm the specialty softlines, department store and branded apparel analyst here at Morgan Stanley. We're very pleased to welcome Nordstrom to our conference again this year.

Nordstrom is a leading fashion retailer with over 350 locations in the U.S. and Canada, including about 100 full-line Nordstrom stores, 240 Nordstrom Rack locations and a robust e-commerce business serving consumers in both the U.S. and Canada. E-commerce totals about 40% of sales and will likely approach 50% in the coming years.

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

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