Nordstrom

Nordstrom Family Makes Big Move: Plans to Take Company Private in $6.25 Billion Deal

4 hours ago

In a significant shift for the well-known luxury retailer, the Nordstrom family has announced an agreement to take Nordstrom Inc. private through a deal valued at $6.25 billion. This decision reflects the family's long-standing connection to the company, which they co-founded more than a century ago, and marks a pivotal moment in the retailer's history.

Nordstrom Ups Annual Outlook Amidst Industry Challenges

27 days ago

In a surprising turn of events, Nordstrom Inc., a prominent player in the retail sector, has elevated its annual earnings forecast, indicating a stronger than anticipated performance despite a backdrop of cautious consumer spending and broader retail weaknesses. This announcement came following the company’s disclosed financial results for the third quarter, which showcased an impressive sales increase, exceeding market analysts' expectations.