Nordstrom Rack expansion has driven sales as the family look to take the company private. (Photo by ... [+] Eugene Gologursky/Getty Images for Nordstrom Inc.)gettyThe 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 co ...

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 ...

Nordstrom TodayJWNNordstrom$22.82 +0.48 (+2.15%) 52-Week Range$12.88▼$24.03Dividend Yield3.33%P/E Ratio12.47Price Target$19.85Add to WatchlistIt’s a tale of two retail department stores on the opposite ends of the financial spectrum. Nordstrom Inc. NYSE: JWN stock is trading up 21% year-to-date (YTD), while Macy’s Inc. (NYSE: M) stock is trading down 22.6% YTD. These retail/wholesale sector giants are no strangers to each other. They're often found in the same shopping malls serving as anchor stores, drawin ...

NoDerog Nordstrom, Inc. (NYSE:JWN) is a major consumer discretionary fashion retailer in North America selling apparel & other accessories, beauty products, and home goods online and in stores. With a market cap of around $3.5 billion, it sits on the edge of being a small-cap and a mid-cap stock, but that doesn't mean Nordstrom is small. JWN employs around 54,000 people and has 370 stores with over 26.5 million gross store square footage. The stock has suffered from being primarily a brick-and-mortar retail ...

KEY TAKEAWAYSNordstrom shares jumped Wednesday, a day after posting better-than-estimated adjusted EPS of 96 cents on revenue of $3.89 billion.The department store operator reported a nearly 9% year-over-year sales gain at its Nordstrom Rack discount chain.Nordstrom also said its comparable store sales would be in a range of flat to 2% growth from fiscal 2023, compared with its previous projection of a 1% decline to 2% growth. Nordstrom (JWN) shares jumped Wednesday, a day after posting better-than-expected ...

Shares of Nordstrom Inc JWN climbed in early trading on Wednesday, after the company reported upbeat second-quarter earnings.The company reported its results amid an exciting earnings season. Here are some key analyst takeaways.Telsey Advisory Group analyst Dana Telsey reiterated a Market Perform rating, while raising the price target from $23 to $24.Goldman Sachs analyst Brooke Roach maintained a Neutral rating, while lifting the price target from $19 to $21.JPMorgan analyst Matthew Boss reaffirmed an Unde ...

Retail stocks across the sector are dealing with the fallout from their corporate reports this morning. In the winner circle today is Kohls Corp (NYSE:KSS) and Nordstrom Inc (NYSE:JWN), with both stocks seeing a surge in options activity following their encouraging reports.At last glace, Kohls stock is 2.6% higher to trade at $20.11, though it remains 29.4% lower in 2024. While the department store chain reported second-quarter earnings that beat expectations and raised its full-year guidance, revenue misse ...

Shares of Nordstrom, Inc. (JWN) gained 7.7% during the after-market trading session on Tuesday, following the company’s second-quarter results, wherein both the top and bottom lines beat the respective Zacks Consensus Estimate and improved year over year. Anniversary Sale timing, which led to the shift of one week from the third quarter to the second quarter, had a positive impact on net sales. Following the results, management updated its fiscal 2024 outlook, raising the lower end of the guidance range for ...