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 Q4 2020

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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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Nordstrom's CEO Erik Nordstrom and President Pete Nordstrom have told the retailer's board that they're interested in taking the company private. As a result, the board has formed a special committee of independent and disinterested directors that will evaluate any proposals from those executives and from other parties, the company said in a Thursday (April 18) press release.

Nordstrom CEO, President Aim to Take Company Private

The Nordstrom family is once again considering taking the department store private and has formed a special committee to evaluate bids.

Nordstrom family tries again to take department store private, forms special committee

The department store is forming a special committee to explore a bid to take the company private.

Nordstrom Says It Will Evaluate If Family Should Take Company Private

Nordstrom said on Thursday that its board had formed a special committee of independent directors in response to the Nordstrom family's interest in exploring a go-private deal.

Nordstrom forms panel to evaluate founder family's interest in take-private deal

The department-store chain has formed a special board committee and tapped bankers to consider a potential bid.

Nordstrom Family Weighs Taking Retailer Private

Department-store chain Nordstrom Inc. JWN has formed a special committee of independent directors to explore going private, the company said on Thursday. The chain's board made that decision after Erik Nordstrom and Pete Nordstrom, the company's chief executive and president, expressed interest in such a deal.

Nordstrom forms special committee to explore going private

Nordstrom (JWN) focuses on three key priorities for fiscal 2024, which include driving growth at Nordstrom banner, optimizing operations and building on momentum at Rack banner.

Nordstrom (JWN) Sets Priorities for 2024: Will It Aid Growth?

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Store credit cards allow retailers to drive repeat purchases and make a cut of cash. Even before a new CFPB ruling, the revenue segment was under pressure.

Department stores face another squeeze. This time, in store credit card revenue

The U.S. retail industry may be on the brink of a significant transformation as department store chains Nordstrom and Macy's consider a shift toward private-equity or hedge-fund ownership. These potential moves could have extensive implications for the retail sector, reshaping the landscape of the industry, Reuters reported Wednesday (March 20).

Macy's, Nordstrom Eye Private Ownership While Adapting to Retail Market

Nordstrom's founding family has engaged multiple banks to contact private equity firms to explore taking the company private. There are no guarantees a deal will be made.

Why Nordstrom Stock Popped Today

America's biggest publicly traded department store chains could be set for private-equity or hedge-funds ownership, dramatically changing the retail landscape in the United States.

Nordstrom, Macy's deals could put private ownership back in vogue for US retailers

Shares of Nordstrom Inc. (JWN) surged Tuesday on a report that the founding family of the upscale retailer was trying to take it private.

Nordstrom Stock Soars on Report That Founding Family is Looking at Taking Company Private

Shares of Nordstrom Inc. rallied on Tuesday following a report that the department-store chain was looking to go private — the latest effort by a major retailer to shake up business after two years of weaker demand for clothing.

Nordstrom could go private. It would be the latest big retail recalibration amid weaker clothing demand.

Nordstrom's founding family is reportedly mounting another effort to take the retailer private. The department store chain is in negotiations with banks on the deal, Reuters reported Tuesday (March 19), citing unnamed sources.

Nordstrom Mulls New Privatization Bid as Department Stores Struggle

Nordstrom has asked investment banks Morgan Stanley and Centerview Partners to reach out to private equity firms and gauge their interest for a potential deal.

Nordstrom shares jump as founding family seeks to take retailer private: sources

Nordstrom, Inc. (NYSE:JWN) shares were buoyed on Tuesday by reports that the US department store chain's founding family is planning another attempt to take the company private, six years after a similar attempt failed. According to an exclusive Reuters report citing people familiar with the matter, Nordstrom has asked investment banks Morgan Stanley (NYSE:MS) and Centerview Partners to engage with private equity firms to see if they are interested in a potential deal.

Nordstrom shares soar on reports founding family is again trying to take retailer private

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Nordstrom (NYSE: JWN ) stock is in the news Tuesday as reports claim that the company's founding family is seeking to take it private. According to these reports, the founding family of the fashion retailer is seeking aid from Morgan Stanley and Centerview Partners in this effort.

JWN Stock Alert: Nordstrom Family Enters New Bid to Take Retailer Private

Nordstrom (JWN) redesigns its flagship brand to give it a trendy look. The company is focused on improving the Nordstrom Rack banner as well.

Nordstrom (JWN) Redesigns Flagship Brand, Boosts Experience

Nordstrom is reportedly considering going private weeks after it gave a gloomy sales outlook for 2024.

Nordstrom shares jump more than 10% on report retailer is trying to go private

The founding family behind Nordstrom Inc is seeking to take the U.S. department store operator private, six years after a similar attempt proved unsuccessful, people familiar with the matter said on Tuesday.

Exclusive: Nordstrom's founding family in new bid to take U.S. retailer private, sources say

The new Nordstrom brand reflects timeless pieces with an emphasis on versatile styling, offering approachable silhouettes across Women's and Men's SEATTLE , March 18, 2024 /PRNewswire/ -- Nordstrom is redefining its namesake brand with a new assortment of high quality, style-driven essentials. The Nordstrom team of designers created styles that reinvent traditional silhouettes to be versatile across occasion, season and individual.

NORDSTROM REIMAGINES ITS NAMESAKE BRAND, INTRODUCING HIGH QUALITY, STYLE DRIVEN ESSENTIALS

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News for Nordstrom Stock (JWN)