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Bob Drbul

Senior Managing Director in Equity Research at Guggenheim Capital LLC

Bob Drbul is a Senior Managing Director in Equity Research at Guggenheim Securities, specializing in retail and consumer sectors with a focus on broadlines, department stores, footwear, apparel, and specialty stores. He covers major companies including Target, Walmart, Nike, Under Armour, Tapestry, Ralph Lauren, and Levi Strauss, maintaining a strong performance record with a 53.6% success rate and notable returns such as a 238.4% gain on a buy rating of Kontoor Brands (KTB). Drbul began his career at Lehman Brothers and subsequently held senior analyst positions at Barclays and Nomura Securities before joining Guggenheim in 2016, and has been recognized 19 times in the Institutional Investor All-America research poll. He holds a BA from Yale University, an MBA from Cornell’s Johnson School of Management, and maintains professional securities licenses as required for his role.

Bob Drbul's questions to JWN leadership

Question · Q1 2025

Asked for details on the newly launched digital marketplace, including early customer feedback, future plans, and its expected contribution to digital sales.

Answer

The marketplace launched successfully in late April with positive feedback, but it was a small launch. The company plans to scale it in 2025 and does not expect a material impact on 2024 results. The primary goals are to increase customer choice and improve product discovery online.

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