Nordstrom

Nordstrom, Inc. engages in the manufacture and trade of clothes, shoes, and accessories. It operates through the following segments: Retail and Corporate/Other. The Retail segment consists of a selection of high-quality, brand-name, and private label merchandise, which includes apparel, shoes, cosmetics, and accessories for women, men, young adults, and children. The Corporate/Other segment includes unallocated corporate expenses and assets, inter-segment eliminations, and other adjustments to segment results. The company was founded by John W. Nordstrom in 1901 and is headquartered in Seattle, WA.

Earnings data Q1 2021

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Nordstrom reports Q1 loss, plans Rack expansion amid macro challenges

Nordstrom is focused on improving profitability amidst macroeconomic challenges. The company made progress in supply chain optimization and inventory management. Despite the impact of Canadian operations wind-down, Nordstrom remains confident in the future importance of designer products and expects continued improvement in this area.

Nordstrom reports solid Q2 results, focuses on digital sales and inventory management

Nordstrom's Q2 performance was solid, with a focus on digital sales and inventory management. Challenges include shrinkage and soft traffic trends. Opportunities lie in online growth, appealing to younger customers, and leveraging AI for retail success.

Nordstrom reports Q3 revenue of $3.3B, focuses on improving profitability

Nordstrom's Q3 performance reflects a focus on improving inventory productivity and driving profitability in the digital off-price business. Despite challenges in net sales and the wind down of Canadian operations, the company is optimistic about driving profitable growth and maintaining good inventory levels to meet customer demand.

Nordstrom reports Q4 growth, eyes digital expansion amid revenue challenges

Nordstrom's Q4 performance reflects revenue growth and successful inventory management, but challenges lie in customer pullback and revenue decline projections for 2023.
Strengths include strong ROI from Rack stores, digital growth potential, and focus on inventory optimization, while challenges include customer trends and credit revenue declines.
Opportunities in investments, store expansion, and operational enhancements position Nordstrom for future growth and profitability.
Overall, Nordstrom aims to navigate challenges, capitalize on strengths, and leverage opportunities to drive sustainable growth and enhance shareholder value.

Nordstrom reports mixed Q1 results, focuses on profitability and growth

Nordstrom's Q1 performance showed mixed results with improvements in Rack sales and inventory productivity but challenges in the designer category.
The company is strategically focused on profitability, supply chain optimization, and leadership additions to drive growth.
While facing macroeconomic pressures and customer demand challenges, Nordstrom sees opportunities in network enhancements and brand penetration.
Overall, Nordstrom remains committed to navigating challenges, improving performance, and capitalizing on growth opportunities in 2023.

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JWN looks to go private as it will be acquired by the Nordstrom family and Liverpool.

Nordstrom Inks a Deal Worth $6.25 Billion in Cash to go Private

The Nordstrom family now owns the department store chain bearing their name. Erik, Pete and Jamie Nordstrom and other members of their family, along with Mexican retailer Puerto de Liverpool, announced a deal Monday (Dec. 26) to acquire all of Nordstrom's outstanding common stock.

Nordstrom Founding Family Takes Retailer Private in $6 Billion Deal

Seattle-based Nordstrom has agreed to be acquired and taken private by members of the longtime retail family and El Puerto de Liverpool, a Mexican retailer, in an all-cash-deal valued at $6.

Nordstrom going private in $6.25B deal with family members and Mexican retailer

Nordstrom (JWN) will soon be off the stock market, after agreeing to be taken private by its founding family and Mexican retailer El Puerto de Liverpool in a deal valuing the department store chain at about $6.25 billion.

Nordstrom To Be Taken Private by Founding Family in $6.25B Deal

Nordstrom will become a private company as a result of the deal, which was unanimously approved by the board of directors.

Nordstrom family to take high-end retail chain private in $4B deal: ‘Exciting new chapter ‘

The family that founded Nordstrom and El Puerto de Liverpool are buying Nordstrom, paving the way for the retailer to return to operating as a privately held company.

Nordstrom going private in $6.25B deal with founding family, Mexican retailer

Nordstrom, Inc. (NYSE:JWN) has announced that it will be acquired by the retail chain's founding family and El Puerto de Liverpool in an all-cash transaction valued at approximately $6.25 billion, including debt.  Under the agreement, Nordstrom's shareholders will receive $24.25 per share, representing a 42% premium over the company's share price on March 18, 2024, before speculation emerged surrounding a potential deal.

Nordstrom family to take retailer private in $6.25B deal

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Nordstrom, Inc. (NYSE: JWN) to Erik, Pete, Jamie Nordstrom and other members of the Nordstrom family (collectively, the “Nordstrom Family”) and El Puerto de Liverpool, S.A.B. de C.V. for $24.25 in cash per share is fair to Nordstrom shareholders. Halper Sadeh encourages Nordstrom shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Za.

JWN Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Nordstrom, Inc. Is Fair to Shareholders

MILWAUKEE--(BUSINESS WIRE)--Ademi LLP is investigating Nordstrom (NYSE: JWN) for possible breaches of fiduciary duty and other violations of law in its transaction with the Nordstrom Family and Liverpool. Click here to learn how to join our investigation and obtain additional information or contact us at gademi@ademilaw.com or toll-free: 866-264-3995. There is no cost or obligation to you. In the transaction, Nordstrom shareholders will receive $24.25 in cash for each share of Nordstrom common.

Shareholder Alert: Ademi LLP investigates whether Nordstrom, Inc. is obtaining a Fair Price for its Public Shareholders

The department-store chain agreed to be acquired by members of the founding family and Mexican retailer El Puerto de Liverpool.

Nordstrom Family Reaches $4 Billion Deal to Take Retailer Private

Retailer has been publicly traded since 1971 but said it sees better growth prospects ahead as a private business.

Nordstrom to go private after doing the math on facing bigger rivals

Nordstrom will become a private company after it agreed to a buyout deal valued at $6.25 billion from Nordstrom's founding family and Mexican retailer El Puerto de Liverpool. Common shareholders will receive $24.25 in cash for each share of Nordstrom common stock they hold, according to a press release.

Nordstrom to go private in $6.25 billion deal with founding family, Mexican retailer

The Seattle-based department store chain Nordstrom announced Monday it agreed to a transaction which will give the Nordstrom family a controlling stake in the retailer, which will go private after a 53-year stint as a public company as the fourth generation of Nordstroms retake control.

Nordstrom Announces It Will Go Private As Namesake Family Retakes Control Of $6.25 Billion Retailer

The high-end fashion retailer is going private.

Nordstrom to Be Taken Private by the Nordstrom Family. The Stock Falls.

Nordstrom said on Monday it would be acquired by its founding family and Mexican retailer El Puerto de Liverpool in an all-cash deal valuing the department store chain at about $6.25 billion.

Nordstrom agrees to $6.25 bln buyout deal from founding family

Nordstrom Shareholders to Receive $24.25 Per Share in Cash Transaction Represents a Premium of Approximately 42% Since March 18, 2024 Board Also Intends to Pay Special Dividend of Up to $0.25 Per Share in Cash Contingent on Closing SEATTLE , Dec. 23, 2024 /PRNewswire/ -- Nordstrom, Inc. (NYSE: JWN) today announced it has signed a definitive agreement under which Erik, Pete, Jamie Nordstrom and other members of the Nordstrom family (collectively, the "Nordstrom Family") and El Puerto de Liverpool, S.A.B. de C.V. ("Liverpool") (BMV: LIVEPOL) will acquire all of the outstanding common shares of Nordstrom not already beneficially owned by the Nordstrom Family and Liverpool in an all-cash transaction valued at approximately $6.25 billion on an enterprise basis.

Nordstrom to Be Acquired by Nordstrom Family and Liverpool

Nordstrom intends to open a Nordstrom Rack in Nashua, NH, in spring of the next year. Its store-expansion efforts are on track.

JWN to Open Rack Store in Nashua, Progresses Well on Expansion Plans

SEATTLE , Dec. 18, 2024 /PRNewswire/ -- Seattle-based fashion retailer Nordstrom, Inc. (NYSE: JWN) announced plans to open a new Nordstrom Rack in Nashua, New Hampshire in spring 2025. "We look forward to being a part of the Nashua community and serving our customers with an amazing offering of great brands at great prices," said Gemma Lionello, President of Nordstrom Rack.

Nordstrom Rack to Open New Location in Nashua, NH

Nordstrom (JWN) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

All You Need to Know About Nordstrom (JWN) Rating Upgrade to Buy

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Should Value Investors Buy Nordstrom (JWN) Stock?

Nordstrom plans to expand its presence in Texas with a new Rack store in Lubbock, offering a diverse collection of high-quality brands at competitive prices.

JWN's Expansion Strategy on Track: New Rack Store Opening in Texas

SEATTLE , Dec. 11, 2024 /PRNewswire/ -- Seattle-based fashion retailer  Nordstrom, Inc . (NYSE: JWN) announced plans to open a new  Nordstrom Rack in Lubbock, Texas in fall 2025.

Nordstrom Rack to Open New Location in Lubbock, Texas

Abercrombie & Fitch

Best Buy

Dick's Sporting Goods

Kohl's

Target

Walmart

Retailers' earnings reports over the past two weeks have illustrated a sharp divide between brands that are winning sales and those that are missing out. Target, Kohl's and Best Buy each reported disappointing results, but Walmart, Dick's Sporting Goods and Abercrombie & Fitch posted strong sales in their most recent quarters.

As retailers enter the holiday shopping season, the winners are pulling away from the pack

JWN posts solid third-quarter fiscal 2024 results. Sales at the Nordstrom Rack banner increase 10.6% year over year.

Nordstrom Q3 Earnings Beat, Rack Banner Sales Increase 10.6% Y/Y

Nordstrom, Inc. JWN shares are trading lower on Wednesday.

News for Nordstrom Stock (JWN)