Nordstrom Inc - Post Coronavirus (COVID-19) Company impact
Summary
Prolonged lockdown requiring store closures at major urban centers has resulted in significant revenue and inventory losses for the retail group.
With phased store openings started in May 2020, Nordstrom expects H2 2020 to be relatively better, despite weak consumer sentiment and the need to handle safety in stores carefully.
The post coronavirus (COVID-19) company impact report analyses the impact of the COVID-19 outbreak on Nordstrom Inc & its future prospects.
Scope
Reasons to Buy
Summary
Prolonged lockdown requiring store closures at major urban centers has resulted in significant revenue and inventory losses for the retail group.
With phased store openings started in May 2020, Nordstrom expects H2 2020 to be relatively better, despite weak consumer sentiment and the need to handle safety in stores carefully.
The post coronavirus (COVID-19) company impact report analyses the impact of the COVID-19 outbreak on Nordstrom Inc & its future prospects.
Scope
- The group’s revenue is expected to come down by 16.1% to USD14.1 bn in 2020, against its anticipated pre COVID-19 sales of USD17.1 bn.
- Nordstrom is set for an improved digital commerce offering in 2021.
- As a part of its digitization strategy, Nordstrom has bridged the gap between its online and in store shopping experiences by establishing Nordstrom Local stores
Reasons to Buy
- Use our revised 2020 forecast for Nordstrom Inc to understand how it will perform this year.
- Use our charts to review how Nordstrom Inc's sales are split by region globally and how these regions have been impacted by COVID-19.
- Use our in-depth analysis to review how Nordstrom Inc has responded to COVID-19 and how this will affect its performance.
Table of Contents
- Executive Summary
- Nordstrom Inc's exposure to COVID-19
- Nordstrom Inc's operational responses to COVID-19
- Key findings
- Key conclusions
- Geographic spread analysis - COVID 19 vs Nordstrom Inc Group Sales
- Global & regional impact
- Impact score for Nordstrom Inc versus competitors
- Financials for Nordstrom Inc versus competitors
- Revised 2020 revenue forecast
- Nordstrom Inc’s exposure
- Indications from Stock Price and Influencers
- Company reaction
- Indications from recruitment trends
- Customer and staff safety
- Appendix
- Methodology
List of Figures
- Spread of COVID-19- confirmed cases, number in treatment, recoveries and deaths.
- Countries/ regions affected by COVID-19
- Spread of Nordstrom Inc group sales in 2019
- COVID-19 global impact score for Nordstrom Inc versus competitors
- Nordstrom Inc global revenue and year on year growth 2015-2020
- Nordstrom Inc exposure: by region vs regional impact levels
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Nordstrom Inc
- Amazon.com
- Macy’s Inc
- Neiman Marcus
- KOHL’S
- Dillard’s
- American Eagle
- Hudson’s Bay
