Jim Cramer and his team have decided to add Nordstrom Inc. (JWN) to the portfolio because they the company's earnings will improve. Back in January, the company pre-announced a positive same store sales increase for the crucial November/December months, doubling expectations of a half a percent rise by achieving positive 1.2%.
Nordstrom is not just luxury, it also appeals to the discount shopper through its Nordstrom Rack chain.
"We think that trends here can improve as the business plays catch up to Kohls (KSS) ," he says.
Plus the company is (finally!) building new flagship store in Manhattan. The 47,000 square foot men's store will open in the spring of 2018, and the 320,000 square foot women's store will open in the fall of 2019.
But watch the video above for more details.
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