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...
by Mike Duff | Feb 19, 2024 | Retail Articles
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...
by Chandler Harvey | Jan 26, 2024 | Featured News, Retail Articles
Small-store strategies have proven popular with a number of major retailers. Macy’s, for one, has been particularly adamant about the importance of limited size and limited assortment in full-priced stores, seeing the opportunity to draw new customers to locations...
by Mike Duff | Jan 3, 2024 | Retail Articles
Nordstrom has plans to open more of its offprice operations across the United States in the year ahead, even as it drives the e-commerce element of the bargain business. In the second half of 2023, the company announced it would open new Nordstrom Rack locations...
