Nordstrom, Inc. (JWN) has announced plans to open a Nordstrom Rack location in Apple Valley, MN, by spring 2025. This move is part of the company's strategy to expand its market presence in the Minneapolis area and introduce more customers to its unique shopping experience.The new 30,000-square-foot store will be situated in Fischer Marketplace, a well-known shopping center that houses a variety of other retail outlets, including Fresh Thyme, Ulta Beauty and Michaels. Located conveniently off County Road 42 ...

SEATTLE, May 6, 2024 /PRNewswire/ -- Seattle-based fashion retailer Nordstrom, Inc. (NYSE: JWN) announced plans to open a new Nordstrom Rack in Apple Valley, Minnesota in spring 2025.  "We look forward to being a part of the Apple Valley community and serving our customers with an amazing offering of great brands at great prices," said Gemma Lionello, President of Nordstrom Rack. "We're excited to grow our footprint in the Minneapolis market and introduce new customers to the Nordstrom experience."   Lionel ...

Nordstrom will roll out a new digital marketplace on its website, Nordstrom.com, along with an enhanced search feature.The marketplace will provide the luxury retailer’s customers with a wider selection of products, brands and sizes, while allowing its brand partners to showcase more of their products, Nordstrom said in a Monday (April 29) blog post.“Nordstrom’s digital marketplace represents one way we are expanding our online assortment beyond traditional wholesale partnerships,” Miguel Almeida, president ...

A sign indicates Nordstrom and its founding date. Nordstrom is headquartered in Seattle, ... [+] Washington.GettyIt’s a repeat effort. After a try in 2017, the two Nordstrom brothers are trying again to take their company private and out of the limelight. Erik Nordstrom, CEO and Pete Nordstrom, President and Chief Brand officer, have initiated the formal action by appointing a special committee to “carefully evaluate the Nordstrom offer and any other offers from other parties.”The company, which went public ...

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.The CEO and president expressed their interest while the board was in the process of exploring possible avenues to enhance shareholder ...

A sign marks the location of a Nordstrom store in a shopping mall on March 20, 2024 in Chicago, Illinois.The Nordstrom family is once again considering taking the department store private and has formed a special committee to evaluate bids, it announced on Thursday. CEO Erik Nordstrom and president Pete Nordstrom recently told the company's board of directors that it's interested in pursuing a take private deal for the 123-year-old department store, Nordstrom said in a news release. As a result, the board f ...

Nordstrom Inc. (JWN) success story hinges on the advancements made in fiscal 2023 toward enhancing customer experience and bolstering financial performance. In fiscal 2023, Nordstrom remained focused on improving its merchandise assortment by effectively managing its inventory levels, and making strategic investments in products and brands that align with customer preferences.The company achieved robust results in fiscal 2023 mainly backed by its focus on three priorities, including improving Nordstrom Rack ...

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).Over the past decade, only 7% of the total U.S. private equity deal volume was invested in retail and consumer companies, the report said, citing Dealogic data. Howev ...

Shares of Nordstrom (JWN 9.38%) climbed 9.4% on Tuesday amid reports that the department store chain is exploring options to go private.Reaching out to private equity firmsAccording to "people familiar with the matter" speaking with Reuters earlier today, Nordstrom's founding family has engaged investment banks Morgan Stanley and Centerview Partners to reach out to private equity firms to gauge their interest in a potential deal. The timing of the news is no coincidence; Nordstrom shares dropped hard earlie ...

Table of Contents or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to___________ Commission file number 001-15059 Nordstrom, Inc. (Exact name of registrant as specified in its charter) Washington 91-0515058 State or other jurisdiction of incorporation or organization (I.R.S. Employer Identification No.) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT T ...