Rack

Nordstrom’s founding family in new bid to take US retailer private

by

By Reuters Published Mar 20, 2024 The founding family behind Nordstrom Inc is seeking to take the U.S. department store operator private, six years after a similar attempt proved unsuccessful, people familiar with the matter said on Tuesday. Nordstrom The deal deliberations come as Nordstrom and other U.S. retailers grapple with consumers curbing their discretionary … Read more

Nordstrom sees muted revenue, comparable sales in current year

by

By Bloomberg Published Mar 5, 2024 Nordstrom Inc. is forecasting muted revenue and comparable sales growth this year as sluggish demand at its high-end namesake stores offsets an improving outlook at its off-price Rack stores.  Nordstrom The department-store operator said on Tuesday it has plans to open more than two dozen Rack locations within the … Read more