Narrow-moat Nordstrom posts customer growth due to its curated offering and customer experience.
Narrow-moat Nordstrom posted a solid end to fiscal 2017, with full-year sales growth of 4.4% yielding $15.1 billion in sales, slightly ahead of our $15.0 billion estimate, and a 6% operating margin that was in line with our estimate and up 50 basis points from the prior year. Overall, we still believe that Nordstrom is the best-positioned department store in our coverage, capitalizing on its full- and off-price models, superior customer service, and curated product offering. This has resulted in...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
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