Nordstrom news and archive

Christmas displays from around the world

With Christmas fast approaching, FashionUnited has rounded up the best of this year’s festive displays, from Sir Paul Smith’s takeover at Claridge’s in London to Selfridges maximalist take on the holiday season, Saks Fifth Avenue’s dazzling 100th-anniversary showcase in New York, Fenwick’s 12 Days of Christmas in Newcastle, Dior’s showstopping...

Report

Nordstrom Q3 net sales increase, adjusts FY24 outlook

US department store giant Nordstrom welcomed a 4.6 percent increase in net sales for the quarter ended November 2, 2024, while comparable sales rose 4 percent compared to the same period in the year prior. The company’s banner net sales climbed 1.3 percent (4 percent on a comparable rate), while its Nordstrom Rack banner also reported an...

Retail

Nordstrom Rack to open new location in Prosper, Texas

Seattle-based department store chain Nordstrom, Inc. has announced plans to open a new Nordstrom Rack in Prosper, Texas, come fall 2025. "We look forward to being a part of the Prosper community and serving our customers with an amazing offering of great brands at great prices," said Gemma Lionello, president of Nordstrom Rack, in a statement....

Retail

Nudea expands in US via Nordstrom partnership

British underwear brand Nudea has expanded its presence in the North American market with a new partnership with department store retailer Nordstrom. In a release, founder and chief executive officer of the brand, Priya Downes, said that company was “excited” about the further expansion in the US. She added: “With Nordstrom’s wide reach and...

Report

Nordstrom appoints Alexis DePree as COO

US department store chain Nordstrom has announced the appointment of Alexis DePree as its newest chief operating officer. In the role, DePree will be responsible for supporting the company’s supply chain operations, transportation, inventory operations, enterprise operations, and store operations. It comes as an expanded title for the executive,...

ManagementFeatured

Nordstrom Q1 sales increase 5.1 percent, reaffirms outlook

Nordstrom, Inc. reported a first quarter net loss of 39 million dollars or loss per share of 24 cents and loss before interest and taxes of 21 million dollars. Net sales for the quarter increased 5.1 percent, while comparable sales increased 3.8 percent. Gross merchandise value (GMV) for the quarter increased 4.9 percent. Commenting on the first...

People

Bruce Nordstrom, scion of retail dynasty, dies at 90

Bruce Nordstrom, a third-generation member of the storied Nordstrom department store family, has passed away at the age of 90. “It is with deep sadness we announce our dad passed away comfortably at home on May 18, with his wife Jeannie by his side,” said Pete and Erik Nordstrom in a joint statement. “Our dad will be remembered not only for his...

Retail

Nordstrom Rack to open new location in Apple Vally, Minnesota

Nordstrom Rack is set to expand its retail presence in Minnesota with the opening of a new location. The new store, which will open in Apple Valley in spring 2025, will see the Nordstrom. Inc.-owned brand operates a total of five Nordstrom Rack stores across the Minnesota area. "We look forward to being a part of the Apple Valley community and...

Report

Sycamore may take Nordstrom private

New York-based private equity firm Sycamore Partners has set its sights on acquiring U.S. department store group Nordstrom, with plans to take it private. Following discussions held by Nordstrom CEO Erik Nordstrom and President Pete Nordstrom with the chain's board last month, the company confirmed its exploration of the possibility of...

Report

Nordstrom's delisting highlights challenges in the US retail market

US department store chain Nordstrom is once again attempting to delist from the stock exchange, following an unsuccessful bid in 2017. The move comes amid a challenging retail landscape and declining sales, prompting CEO Erik Nordstrom and President Pete Nordstrom, who collectively control 30 percent of the company, to express interest in...

Report

Nordstrom establishes special committee amid founding family's privatization proposal

Nordstrom Inc.'s (JWN) founding family has notified the board of its interest in taking the company private. The company formed a special committee to evaluate any proposal from the company's Chief Executive Officer Erik Nordstrom and the company's president Pete Nordstrom, and any proposals from other parties and consider whether they are in...

Business

Nordstrom founding family reportedly seeking options to take retailer private

Six years after their first attempt, the founding family of US retailer Nordstrom are said to once again be mulling taking the company private. It is believed that the department store giant has asked investment banks Morgan Stanley and Centerview Partners to contact private equity firms to gauge interest in such a deal, according to sources for...