Nordstrom, Inc.: E-Commerce Evolution, A New Digital Marketplace Platform 

Nordstrom delivered strong top-line growth in Q1 2024, exceeding the company’s revenue expectations, with a net income of $3.2 billion, and a net loss of $0.24 per share. The company performed well with net sales growth in excess of 5%, with double-digit growth at Nordstrom Rack, and positive contributions from Nordstrom banner stores, along with improvement in the company’s digital business. This surge was driven partly by year-over-year increases in customers and purchase trips. Nordstrom maintained a positive inventory spread, with effective management contributing to its end of quarter outcome. Moreover, sales to Nordstrom’s Club members experienced significant growth.