Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended August 3, 2024 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) Washingto ...

Nordstrom has received a proposal from its CEO Erik Nordstrom, President and Chief Brand Officer Pete Nordstrom, other members of the Nordstrom family and Mexican omnichannel company El Puerto de Liverpoolto acquire all the outstanding shares of the company and take the company private. The proposal offers $23 per share in cash, the special committee of the board of directors of Nordstrom said in a Wednesday (Sept. 4) press release. "The special committee, composed of independent and disinterested directors ...

Key Takeaways Chief Executive Officer (CEO) Erik Nordstrom and President Peter Nordstrom have teamed with Mexican retailer El Puerto de Liverpool in an attempt to take their namesake company private. The group offered $23 per share, a slight premium to Tuesday's closing stock price, in a deal valued at almost $3.8 billion. The Nordstrom family owns a 33.4% stake in the company, while Liverpool owns about 10%. Nordstrom (JWN) Chief Executive Officer (CEO) Erik Nordstrom and other members of the company's fou ...

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, The ...

The Nordstrom family offered $3.8 billion to take the company private — a steep discount from a bid it made six years earlier as department stores continue to get slammed by dwindling mall traffic. Brothers Erik and Pete Nordstrom – chief executive and president, respectively – are joining with Mexican department store chain El Puerto de Liverpool to offer $23 a share in cash to acquire all of the outstanding shares of the company. The fresh takeout bid, revealed in a securities filing on Wednesday, values ...

The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks. Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors rely on traditional forms of analysis on key valuat ...

Nordstrom Rack expansion has driven sales as the family look to take the company private. (Photo by ... [+] Eugene Gologursky/Getty Images for Nordstrom Inc.) getty The Nordstrom family group has offered $3.8 billion to take the department store chain private, bringing the store group back into the family's hands. To help finance the deal, CEO Erik Nordstrom and his brother, President Pete Nordstrom, have made the offer in conjunction with other members of the family plus Mexico-based retail and real estate ...

Nordstrom Inc. confirmed Wednesday that it has received a buyout bid from members of the family that founded the department-store chain and Mexico-based retailer El Puerto de Liverpool SAB. Under terms of the buyout proposal, Erik and Pete Nordstrom, other Nordstrom family members and Liverpool would pay $23 for each outstanding share JWN that they don't already own. That represents a 0.8% premium to Tuesday's closing price of $22.82. ...

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SEATTLE, Sept. 4, 2024 /PRNewswire/ -- The special committee of the Board of Directors of Nordstrom, Inc. (NYSE: JWN) today confirmed receipt of a proposal from Erik and Pete Nordstrom, other members of the Nordstrom family, and El Puerto de Liverpool, S.A.B. de C.V. ("Liverpool") (BMV: LIVEPOL) to acquire all of the outstanding shares of the Company, other than shares held by members of the Nordstrom family and Liverpool, for $23.00 per share in cash. The proposal states that the merger consideration would ...