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The Latest Breaking News from Erik Nordstrom

Nordstrom Going Private In .25 Billion Deal With Founding Family

Nordstrom's .25 billion deal to go private with its founding family signals a strategic move amidst industry challenges and changing consumer habits.

Top News

Nordstrom Family Buys Back Store Chain With Help From Mexican Retail Group

Nordstrom common shareholders will receive $24.25 in cash for each share they hold, a premium of about 42% on the company's closing common stock price as of March 18, 2024.

International Business Times

Stocks making the biggest moves ahead of Nvidia's earnings - Midday Movers

Here are the stocks making the biggest market moves today.

The Street

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Nordstrom blames recent financial loss on a deal shoppers love

The retailer reveals that a trend in consumer behavior has helped contribute to a major loss.

The Street

The rise of Bruce Nordstrom, who once swept the floors of his grandfather’s shoe stores for 25 cents an hour—and climbed the ranks to build a multibillion-dollar retail empire

The former Nordstrom president, who led the company for over 40 years, died on Saturday at age 90.

Fortune

Nordstrom (JWN) Pre-Earnings Assessment: Is This a Fashion Stock to Watch?

Nordstrom’s (JWN) revenue and earnings topped analysts’ expectations in the last reported quarter. The fashion retailer’s long-term outlook looks bright, driven by its diverse product offerings and strategic moves to expand its retail presence. Amid inflation-led bleak demand, should you add this fashion stock to your watchlist before its third-quarter…

StockNews.com

Defense Attorney busts the pervasive shoplifting myth

Retailers say they're experiencing a crisis -- but many people disagree.

The Street

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Retail Theft Losses Mount From Shoplifting, Flash Mobs — And Organized Crime

Retail theft losses are swelling as flash mob smash-and-grabs and organized crime rise. Stores are trying to limit losses and protect shoppers and employees, yet no end is in sight.

Investors Business Daily

Stocks higher, Powell speech in focus, Disney, Nordstrom, Marvell

Stocks higher, Powell speech in focus, Disney slump, Nordstrom warning, Marvell earnings.

The Street

Nordstrom slides as 'historic' theft, weakened consumers cloud earnings

Nordstrom CEO Erik Nordstrom said "losses from theft are at historical highs" and dragging down earnings for the upscale retailer.

The Street

Patagonia Accuses Luxury Retailer Nordstrom of Selling Counterfeit Apparel

Patagonia has accused the luxury retailer of selling counterfeit apparel at Nordstrom Rack stores.

The Street

U.S. Retailers Often Fail in a Key International Market - at Big Cost to Holders

From Nordstrom to Target, U.S. retailers overestimate their chances in Canada and then prove unwilling to make it work.

The Street

Stocks Edge Higher, Costco, Broadcom, Nordstrom, Dell In Focus - Five Things To Know

Stock futures edge higher with ISM data, inflation in focus; Costco slides after Q2 sales miss, 'big ticket' spending caution; Broadcom sees AI boost to chip sale after Q1 earnings beat; Nordstrom posts muted holiday sales, plans Canada business wind-down and Dell Technologies slumps as tepid outlook clouds Q4 earnings…

The Street

Nordstrom says it will close its Canadian stores and cut 2,500 jobs

Nordstrom chief executive Erik Nordstrom said the Seattle-based retailer is exiting Canada because it does not see a realistic path to profitability for the business in the country.

WEKU

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The Street

Nordstrom Stock Slides as Retailer Slashes Profit Forecast Following Weak Holiday Sales

"The holiday season was highly promotional, and sales were softer than pre-pandemic levels," said CEO Erik Nordstrom.

The Street

Stocks Mixed, Netflix, Costco, Nordstrom, Eli Lilly In Focus - Five Things To Know

Stock futures mixed with Fed talk, earnings in focus; Netflix surges as blowout subscriber gains offset earnings miss; Costco shares gain as bulk retail unveils $4 billion buyback plan; Nordstrom slumps after slashing profit forecast following weak holiday sales and Eli Lilly slides as FDA rejects fast track review of…

The Street

Nordstrom Stock Dives As Markdowns, Inflation Hit 2022 Profit Forecast, Cloud Q2 Earnings Beat

"We had to take deeper markdowns than anticipated to move clearance inventory, and we expect that dynamic to continue in the second half of the year," said chief brand officer Pete Nordstrom.

The Street

Stocks Edge Higher, Oil, Twitter, Nordstrom, Nvidia In Focus - Five Things To Know

Stock futures edge higher with Fed retreat in focus; oil prices march higher amid OPEC production cut worries; Twitter shares steady as whistleblower complaint reaches Congress; Nordstrom shares dive after cutting 2022 profit forecast and Nvidia Q2 earnings in focus as gaming sector weakens.

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Tribune News Service

Nordstrom and Rack recovering as sales surge and shoppers return

The return of in-person events and on-site work led to a sales boom for Nordstrom as it recovers from a pandemic rut, the retail giant said during an earnings call with investors Tuesday.

Benzinga

Why Nordstrom Shares Are Rising

Nordstrom, Inc. (NYSE: JWN) shares are trading higher by 32.6% at $25.90 Wednesday morning after the company reported better-than-expected fourth-quarter EPS and sales results. The company also issued FY22 guidance.

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