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...
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...
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...
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...
The new year isn’t yet two months old and Nordstrom has announced four new Rack stores. As it expands the company’s off-price operations, Nordstrom will open a 31,000-square-foot Rack in Fort Myers, with an opening slated for the fall. The company has two...
