Nordstrom Inc
JWN: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$58.40 | Vnxj | Slrdxxj |
Nordstrom’s Ongoing Struggles Point to a Lost Competitive Advantage Despite Its Investments
Business Strategy and Outlook
Nordstrom has a loyal customer base built on differentiated fashion products, quality brands, and first-rate service. While we used to think that these strengths provided a competitive advantage based on a brand intangible asset, we no longer believe that it does. Realistically, Nordstrom’s recovery from the pandemic has been rocky, and the US apparel retail market has only become more competitive.