Nordstrom Inc Company News
The retailer's shares are trading at a significant discount to the broader market, but the company faces key headwinds
Let's dig into the relative performance of Kohl's (NYSE:KSS) and its peers as we unravel the now-completed Q4 department store earnings season.
Dozens of firms change what and how they report on their diversity initiatives as DEI programs come under legal and political threat.
The Nordstrom brothers, who are the retailer’s top executives, notified the board of their interest, and a special committee has been formed.
The board of the Seattle-based operator of the upscale Nordstrom department stores and the Rack off-price chain said it's evaluating different avenues to increasing shareholder value.
Nordstrom board of directors is forming a special committee to explore whether the company should be taken private by members of the Nordstrom family, the retailer said. Earlier this year, reports emerged that members of the Nordstrom family were considering taking the company private. The committee was formed in response to the Nordstroms’ proposal, the company said Thursday.
(Reuters) -Nordstrom said the founding family behind the department store chain had shown an interest in pursuing a potential go-private deal, prompting the company's board to form a special committee of independent directors to evaluate any proposal. The move by CEO Erik Nordstrom and President Pete Nordstrom comes at a time when department store chains across the U.S. are grappling with weak sales as sticky inflation and elevated borrowing costs have led customers to rethink their discretionary spending. The Seattle-based retailer said the committee would evaluate any proposals from other parties as well.
The department-store chain has formed a special board committee and tapped bankers to consider a potential bid.
Nordstrom said the founding family behind the department store chain had shown an interest in exploring a go-private deal, and the company's board had formed a special committee of independent directors to look into it. The move by CEO Erik Nordstrom and President Pete Nordstrom comes at a time when department store chains across the U.S. are grappling with weak sales as sticky inflation and elevated borrowing costs prompt customers to rethink their discretionary spending. The Seattle-based retailer said the committee would evaluate any proposal from the founding family as well as other parties.
The Board of Directors of Nordstrom, Inc. (NYSE: JWN) is committed to enhancing shareholder value and regularly evaluates a wide range of strategic, financial and operational alternatives as the Company continues to execute its strategic plan.
Shares of Nordstrom rose late Thursday after the Journal reported that members of the company that founded the retailer are considering a bid to take it private. Nordstrom's stock was recently up nearly 5%.
Shares of luxury department store chain Nordstrom (NYSE:JWN) fell 6.7% in the afternoon session as the major indices declined (Nasdaq down -1.70%, S&P 500 down -1.1%, Dow down -0.61%), while yields soared. Geopolitical tension heightened following reports on Saturday, April 13, 2024, that Iran launched drones and missiles at Israel, driving uncertainty about possible disruption to global trade and commerce should the tension escalate. Also, the Census Bureau report revealed March 2024 retail sal
The Seattle-based retailer has been challenged by soft selling trends at its department stores while the Rack off-price business is seeing momentum.
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- Nordstrom Rack To Open In Chicago, Ill.. [at noodls] - SEATTLE, Dec. 1, 2015 /PRNewswire/ -- Seattle-based Nordstrom, Inc. (NYSE: JWN) announced today plans to open a Nordstrom Rack at Fashion Outlets of Chicago in Rosemont, Illinois. The approximately 28,000-square-foot ...
- Nordstrom Rack To Open In Winter Park, Fla.. [at noodls] - SEATTLE, Dec. 1, 2015 /PRNewswire/ -- Seattle-based Nordstrom, Inc. (NYSE: JWN) announced today plans to open Nordstrom Rack at Winter Park Square in Winter Park, Florida. The approximately 25,000-square-foot ...
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- Your gift return will probably be no hassle at these retailers. [at bizjournals.com] - Some retailers such as Nordstrom, Macy's and REI are better than others at tackling that post-Christmas tradition of gift returns, according to personal finance website GOBankingRates. Los Angeles-based GoBankingRates investigated return policies at the biggest U.S. retailers in 2014 and identified the 12 best return policies at popular stores. Those include: Costco Wholesale Corp. (COST), Kohl's Corp. (KSS), L.L. Bean Inc., Lowe's Cos. Inc. (LOW), Macy's Inc. (NYSE: M), Nordstrom Inc. (JWN), REI, Target Corp. (TGT), Home Depot Inc. (HD), Toys "R" Us, Wal-Mart Stores Inc. (WMT) and Zappos.com.
Nordstrom Inc Short Company Overview:
symbol changed Nordstrom, Inc., a fashion specialty retailer, offers apparel, shoes, cosmetics, and accessories for women, men, and children in the United States. It offers a selection of brand name and private label merchandise. The company sells its products through various channels, including Nordstrom full-line stores, off-price Nordstrom Rack stores, JeffreyÂ’ boutiques, treasure & bond, and Last Chance clearance stores; and its online store, nordstrom.com, as well as through catalog. Nordstrom also provides a private label card, two Nordstrom VISA credit cards, and a debit card for Nordstrom purchases. The companyÂ’s credit and debit cards feature a shopping-based loyalty program. As of September 30, 2011, it operated 222 stores, including 117 full-line stores, 101 Nordstrom Racks, 2 Jeffrey boutiques, 1 treasure & bond store, and 1 clearance store in 30 states. The company was founded in 1901 and is based in Seattle, Washington.
