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The Latest Breaking News from Erik Nordstrom

Nordstrom hires the 'Michael Jordan of personal styling,' Catherine Bloom, to be its first director of luxury styling

Nordstrom will transform its Melrose Place location in Los Angeles into the “Catherine Bloom for Nordstrom” storefront.

Fortune

Nordstrom Going Private In 6.25 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

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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

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

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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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.

Tribune News Service

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.

Benzinga

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