by Mike Duff | Jan 14, 2025 | Retail Articles
In previewing early fourth-quarter results, including the 2024 holiday season, Nordstrom came out ahead of Macy’s, which still made some notable gains. In discussing the early results, Macy’s touted the strength and upcoming expansion of its First 50 remodeled stores...
by Mike Duff | Jan 3, 2025 | Retail Articles
After a long pursuit, the Nordstrom family is taking its namesake retail company private with help from Mexican retailer El Puerto de Liverpool. Led by current executives Erik, Pete, Jamie Nordstrom and including other members of the family, the all-cash transaction...
by Mike Duff | Dec 9, 2024 | Retail Articles
Nordstrom sales and earnings outperformed Wall Street estimates in the third quarter, highlighted by solid comparable sales gains in the company’s department store and the off-price businesses. Net earnings were $46 million, or 27 cents per diluted share, versus...
by Mike Duff | Sep 5, 2024 | Retail Articles
A special committee of the Nordstrom Board of Directors confirmed receipt of a proposal from Erik and Pete Nordstrom, other members of the Nordstrom family and El Puerto de Liverpool to acquire all of the outstanding shares of the company, other than shares held by...
by Mike Duff | Sep 3, 2024 | Retail Articles
Nordstrom Rack performed well in its parent company’s latest quarterly financial results. The department store operator’s expanding off-price banner has helped drive sales advances above the company’s overall comparable-store gains, and several more Rack...
