Tag: Nordstrom
Nordstrom wants to become a private company
(AOF) – As part of its latest evaluation, the Nordstrom board of directors authorized “the exploration of opportunities to improve the group’s shareholder value”. During this process, Erik and Pete…
Nordstrom expects 2023 revenue to fall 4-6% – 08/25/2023 at 14:40
(AOF) – For the second quarter ended July 29, 2023, Nordstrom’s net sales decreased 8.3% to $3.66 billion compared to an 11.6% decrease in the first quarter. The winding down…
Nordstrom posts a net loss of $20 million in the third quarter – 11/23/2022 at 12:21
(AOF) – High-end American distributor, Nordstrom announced a net loss of 20 million dollars in the third quarter and a loss per diluted share of 13 cents. Excluding an impairment…
Nordstrom: Mexico’s Liverpool took a 9.9% stake – 09/16/2022 at 14:54
(AOF) – The action of the department store brand Nordstrom gained 1.7% in pre-market after the announcement of a 9.9% stake in Liverpool. In a statement, the Mexican upscale department…
Nordstrom lowers its annual forecast amid high inflation – 08/24/2022 at 14:52
(AOF) – The American chain of department stores Nordstrom lowered its annual forecast in a context of high inflation which affects demand. The stock was down about 10% in trading…
Nordstrom: the future of Nordstrom Rack in question
Through Jean-Baptiste André Posted on 12/21/2021 at 11:45 a.m. Photo credit © Reuters (Boursier.com) – Nordstrom could split Nordstrom Rack, its low-cost store subsidiary. The US group is consulting AlixPartners…