Key TakeawaysFounding family members of Nordstrom reportedly are looking at taking the upscale retailer private.Sources told Reuters the family members have asked Morgan Stanley and Centerview Partners to investigate whether any private equity firms might want to buy the company.Family members previously looked into taking Nordstrom private, but their roughly $8.4 billion offer was rejected by the company's board in March 2018. Shares of Nordstrom Inc. (JWN) surged Tuesday on a report that the founding fami ...

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.In 2017, Nordstrom put together a special committee to consider a buyout deal, discussing the option with several private equity firms. In 2018, the committee rejected an $8.4 million bid as insufficient, according to the report.PYMNTS contacted the company for comment but did not recei ...

The founding family behind Nordstrom is seeking to take the department store operator private, six years after a similar attempt proved unsuccessful, people familiar with the matter said Tuesday.The deal deliberations come as Nordstrom and other US retailers grapple with consumers curbing their discretionary spending following a bout of inflation and high interest rates. Macy’s, another department store operator, has also become a takeover target.The deal deliberations come as Nordstrom and other US retaile ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

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. This has it requesting them to contract private investment firms that may be willing to assist in taking Nordstrom private.It’s worth noting that this isn’t the first time that the family behid Nordstrom has tried to take it private. ...

Nordstrom, Inc. (JWN) has been making efforts to drive efficiency in its business and enrich customer experience. The company has been making improvements in the Nordstrom Rack banner, driven by an increase in its strategic brand penetration. In the latest developments, the company said that it is redefining its flagship brand to give it a trendy look. It will redesign its namesake brand with a style-driven and top-quality assortment.These collections will offer tailored classics with minimalist pieces for ...

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. Each piece has been designed with an emphasis on premium fabrics and detail ...

Some stocks just aren’t worth owning. This is especially true when the company has fallen on hard times, lost its competitive edge, and is trying to turnaround its business. While investors might be attracted to the stock of a company that is in turnaround mode, especially if that company is a storied brand that was once dominant in its sector, it’s worth heeding the words of Warren Buffett who said “turnarounds seldom turn.” If a company is consistently missing its earnings targets, issuing weak forward gu ...

Key PointsRoss Stores had a solid quarter and issued favorable guidance, helping to support the market. Nordstrom continues to struggle with growth as shoppers tighten discretionary spending habits.Both stocks are trending strongly and present opportunities for traders and investors. 5 stocks we like better than Ross StoresResults from the retail sector are a mixed bag, revealing shifting consumer habits that will impact results for the remainder of the year. Stocks like Ross Stores NASDAQ: ROST and Nordstr ...

Shares of Nordstrom (JWN -16.08%) fell 16.1% on Wednesday after the department-store chain announced better-than-expected quarterly results but followed with underwhelming forward guidance.Nordstrom's solid end to fiscal 2023For its fiscal fourth quarter ended Feb. 3, 2024, Nordstrom's net sales grew 2.2% year over year to $4.293 billion, translating to adjusted (non-GAAP) net income of $0.96 per share. Most analysts were only modeling earnings of $0.89 per share on revenue closer to $4.38 billion.Managemen ...