SEATTLE, Sept. 25, 2024 /PRNewswire/ -- Seattle-based fashion retailer Nordstrom, Inc. (NYSE: JWN) announced plans to open a new Nordstrom Rack in Holbrook, New York, in fall 2025.
"We look forward to being a part of the Holbrook community and serving our customers with an amazing offering of great brands at great prices," said Gemma Lionello, President of Nordstrom Rack. "We're excited to grow our footprint in the New York market and introduce new customers to the Nordstrom experience."
Lionello added that in this location "customers will be able to take advantage of our convenient services such as online order pick up from both Nordstrom.com and NordstromRack.com, and they can make returns easily."
Cast offers artfully designed jewelry to enjoy everyday
SAN FRANCISCO, Sept. 17, 2024 /PRNewswire/ -- Cast, the San Francisco-based fine jewelry brand known for its artful and modern designs, partnered with internationally renowned creator, tastemaker, actor, and entrepreneur Issa Rae to create the Braeve Collection. The collaboration supports Cast's vision to make artfully designed jewelry more accessible along with their shared passion to inspire and empower the women wearing it. The partnership is a reflection of Issa's own personal jewelry journey from curious, to collector and co-creator. The Braeve Collection launches on September 17, 2024, at Cast Boutiques, CastJewelry.com, and exclusively at select Nordstrom stores and Nordstrom.com.
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 be financed through a combination of rollover equity and cash commitments by members of the Nordstrom family and Liverpool and $250 million in new bank financing, with the existing indebtedness of the Company to remain outstanding.
SEATTLE, Aug. 27, 2024 /PRNewswire/ -- Nordstrom, Inc. (NYSE: JWN) today reported second quarter net earnings of $122 million, or earnings per diluted share ("EPS") of $0.72, and earnings before interest and taxes ("EBIT") of $190 million. Excluding a charge primarily related to supply chain asset impairment, the Company reported adjusted EBIT of $244 million and adjusted EPS of $0.96.1
SEATTLE, Aug. 21, 2024 /PRNewswire/ -- Nordstrom, Inc. (NYSE: JWN) announced today its board of directors approved a quarterly dividend of 19 cents per share payable on September 18, 2024, to shareholders of record at the close of business on September 3, 2024.
ABOUT NORDSTROM
At Nordstrom, Inc. (NYSE: JWN), we exist to help our customers feel good and look their best. Since starting as a shoe store in 1901, how to best serve customers has been at the center of every decision we make. This heritage of service is the foundation we're building on as we provide convenience and true connection for our customers. Our interconnected model enables us to serve customers when, where and how they want to shop – whether that's in-store at more than 350 Nordstrom, Nordstrom Local and Nordstrom Rack locations or digitally through our Nordstrom and Rack apps and websites. Through it all, we remain committed to leaving the world better than we found it.
SEATTLE, Aug. 20, 2024 /PRNewswire/ -- Seattle-based fashion retailer Nordstrom, Inc. (NYSE: JWN) announced plans to open a new Nordstrom Rack in Surprise, Ariz. in fall 2025.
"We look forward to being a part of the Surprise community and serving our customers with an amazing offering of great brands at great prices," said Gemma Lionello, President of Nordstrom Rack. "We're excited to grow our footprint in the Phoenix market and introduce new customers to the Nordstrom experience."
Lionello added that in this location "customers will be able to take advantage of our convenient services such as online order pick up from both Nordstrom.com and NordstromRack.com, and they can make returns easily."
SEATTLE, Aug. 13, 2024 /PRNewswire/ -- Seattle-based fashion retailer Nordstrom, Inc. (NYSE: JWN) announced plans to open a new Nordstrom Rack in Morrisville, North Carolina in spring 2025.
"We look forward to being a part of the Morrisville community and serving our customers with an amazing offering of great brands at great prices," said Gemma Lionello, President of Nordstrom Rack. "We're excited to grow our footprint in the Raleigh market and introduce new customers to the Nordstrom experience."
SEATTLE, July 9, 2024 /PRNewswire/ -- Seattle-based fashion retailer Nordstrom, Inc. (NYSE: JWN) announced plans to open a new Nordstrom Rack in Coral Springs, Fla. in fall 2025.
"We look forward to being a part of the Coral Springs community and serving our customers with an amazing offering of great brands at great prices," said Gemma Lionello, President of Nordstrom Rack. "We're excited to grow our footprint in the Miami market and introduce new customers to the Nordstrom experience."
Lionello added that in this location "customers will be able to take advantage of our convenient services such as online order pick up from both Nordstrom.com and NordstromRack.com, and they can make returns easily."
THE BEST SALE OF THE YEAR FEATURES FRESH NEW ARRIVALS AND EXCLUSIVE PRODUCTS ON SALE FOR A LIMITED TIME
All Loyalty Cardmembers Shop Early Access Starting July 11 or Earlier Based on Status
SEATTLE, June 27, 2024 /PRNewswire/ -- Nordstrom is thrilled to announce the launch of our highly anticipated Nordstrom Anniversary Sale, our biggest event of the year! Download the Nordstrom App to start shopping on July 15 and explore new arrivals from the most coveted brands across women's, men's, children, beauty and home on sale for a limited time until prices go back up on August 5. Whether you're updating your fall wardrobe, preparing for back-to-school, or indulging in a little self-care, now is the ideal time to save big. Nordy Club loyalty cardmembers can shop Early Access beginning July 11, or earlier depending on their loyalty status. The best deals go quickly, and it's not too late to sign up for a card to shop the sale early! It's more than a sale, it's an event. Check out livestreams, store events and more at nordstrom.com/anniversaryevents.
SEATTLE, June 25, 2024 /PRNewswire/ -- Seattle-based fashion retailer Nordstrom, Inc. (NYSE: JWN) announced plans to open a new Nordstrom Rack in Houston in spring 2025.
"We look forward to opening this new location in the Houston market and continuing to serve our customers with an amazing offering of great brands at great prices," said Gemma Lionello, President of Nordstrom Rack. "We're excited to grow our footprint in the Houston market and introduce new customers to the Nordstrom experience."
SEATTLE, June 18, 2024 /PRNewswire/ -- Seattle-based fashion retailer Nordstrom, Inc. (NYSE: JWN) announced plans to open a new Nordstrom Rack in Tarzana, California in fall 2024.
"We look forward to being a part of the Tarzana community and serving our customers with an amazing offering of great brands at great prices," said Gemma Lionello, President of Nordstrom Rack. "We're excited to grow our footprint in the Los Angeles market and introduce new customers to the Nordstrom experience."
Lionello added that in this location "customers will be able to take advantage of our convenient services such as online order pick up from both Nordstrom.com and NordstromRack.com, and they can make returns easily."
SEATTLE, May 30, 2024 /PRNewswire/ -- Nordstrom, Inc. (NYSE: JWN) today reported a first quarter net loss of $39 million, or loss per share of $0.24, and loss before interest and taxes of $21 million.
For the first quarter ended May 4, 2024, net sales increased 5.1 percent versus the same period in fiscal 2023, and total Company comparable sales increased 3.8 percent. Gross merchandise value ("GMV") increased 4.9 percent. First quarter net sales include a 75 basis point negative impact from the wind-down of Canadian operations. During the quarter, Nordstrom banner net sales increased 0.6 percent and comparable sales increased 1.8 percent. Net sales for Nordstrom Rack increased 13.8 percent and comparable sales increased 7.9 percent.
SEATTLE, May 22, 2024 /PRNewswire/ -- Nordstrom, Inc. (NYSE: JWN) announced today its board of directors approved a quarterly dividend of 19 cents per share payable on June 19, 2024, to shareholders of record at the close of business on June 4, 2024.
ABOUT NORDSTROM
At Nordstrom, Inc. (NYSE: JWN), we exist to help our customers feel good and look their best. Since starting as a shoe store in 1901, how to best serve customers has been at the center of every decision we make. This heritage of service is the foundation we're building on as we provide convenience and true connection for our customers. Our interconnected model enables us to serve customers when, where and how they want to shop – whether that's in-store at more than 350 Nordstrom, Nordstrom Local and Nordstrom Rack locations or digitally through our Nordstrom and Rack apps and websites. Through it all, we remain committed to leaving the world better than we found it.
SEATTLE, May 9, 2024 /PRNewswire/ -- Nordstrom, Inc. (NYSE: JWN) announced that it will report its first quarter 2024 financial results after the close of the financial markets on Thursday, May 30, 2024. The announcement will be followed by a conference call at 4:45 p.m. EDT, in which senior management will provide a business update and discuss the company's first quarter financial results along with the 2024 outlook. The 45-minute conference call will be available by telephone and audio webcast at investor.nordstrom.com.
SEATTLE, May 6, 2024 /PRNewswire/ -- Seattle-based fashion retailer Nordstrom, Inc. (NYSE: JWN) announced plans to open a new Nordstrom Rack in Apple Valley, Minnesota in spring 2025.
"We look forward to being a part of the Apple Valley community and serving our customers with an amazing offering of great brands at great prices," said Gemma Lionello, President of Nordstrom Rack. "We're excited to grow our footprint in the Minneapolis market and introduce new customers to the Nordstrom experience."
SEATTLE, April 18, 2024 /PRNewswire/ -- The Board of Directors of Nordstrom, Inc. (NYSE: JWN) is committed to enhancing shareholder value and regularly evaluates a wide range of strategic, financial and operational alternatives as the Company continues to execute its strategic plan.
As part of the Board's most recent evaluation, the Board authorized the exploration of possible avenues to enhance shareholder value. During this process, Erik and Pete Nordstrom, the Company's chief executive officer and president, respectively, notified the Board of their interest in pursuing a potential transaction pursuant to which Nordstrom would become a private company.
The new Nordstrom brand reflects timeless pieces with an emphasis on versatile styling, offering approachable silhouettes across Women's and Men's
SEATTLE , March 18, 2024 /PRNewswire/ -- Nordstrom is redefining its namesake brand with a new assortment of high quality, style-driven essentials. The Nordstrom team of designers created styles that reinvent traditional silhouettes to be versatile across occasion, season and individual. Each piece has been designed with an emphasis on premium fabrics and details, ensuring comfort while being crafted to last.
SEATTLE, March 5, 2024 /PRNewswire/ -- Nordstrom, Inc. (NYSE: JWN) today reported fourth quarter net earnings of $134 million, or $0.82 per diluted share ("EPS"), for the 14-week quarter ended February 3, 2024. Excluding a supply chain asset impairment and related charge, the Company reported adjusted EPS of $0.96.1
SEATTLE, Feb. 28, 2024 /PRNewswire/ -- Nordstrom, Inc. (NYSE: JWN) announced today its board of directors approved a quarterly dividend of 19 cents per share payable on March 27, 2024, to shareholders of record at the close of business on March 12, 2024.
ABOUT NORDSTROM
At Nordstrom, Inc. (NYSE: JWN), we exist to help our customers feel good and look their best. Since starting as a shoe store in 1901, how to best serve customers has been at the center of every decision we make. This heritage of service is the foundation we're building on as we provide convenience and true connection for our customers. Our interconnected model enables us to serve customers when, where and how they want to shop – whether that's in-store at more than 350 Nordstrom, Nordstrom Local and Nordstrom Rack locations or digitally through our Nordstrom and Rack apps and websites. Through it all, we remain committed to leaving the world better than we found it.
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