by Mike Duff | Jun 3, 2024 | Retail Articles
As the founding family pursues a buy-out of the company, Nordstrom posted a deeper-than-expected loss in the first quarter, although sales surpassed Wall Street expectations. Nordstrom posted a net loss of $39 million, or 24 cents per diluted share, versus a net loss...
by Mike Duff | Apr 30, 2024 | Retail Articles
To expand and freshen the range of products available to its customers, Nordstrom is launching its own marketplace online as it upgrades its digital operation. Nordstrom stated that the marketplace would allow it to add more products, as well as brands and sizes that...
by Mike Duff | Apr 19, 2024 | Retail Articles
The Nordstrom board has formed a special committee of independent directors to evaluate a proposal by Erik and Pete Nordstrom’s to explore a transaction to take the company private. Nordstrom continues to execute its strategic plan, the company stated, as the board...
by Mike Duff | Mar 20, 2024 | Retail Articles
The Nordstrom family may be moving to take their namesake company private after beating Wall Street in the fourth quarter. The Reuters news service reported that Nordstrom has contacted investment banks Morgan Stanley and Centerview Partners to query private equity...
by Mike Duff | Mar 6, 2024 | Retail Articles
Nordstrom posted fourth-quarter earnings and sales gains as the company’s off-price Rack locations turned in a strong top-line performance. Net earnings for the 14-week fourth quarter were $134 million, or 82 cents per diluted share, versus $119 million, or 74 cents...
