Tag: $Nordstorm Inc.

Nordstrom to go private in $6.25 billion deal with founding family, Mexican retailer

Nordstrom on Monday announced it will become a private company after it agreed to a buyout deal valued at roughly $6.25 billion from Nordstrom’s founding family and Mexican department store El Puerto de Liverpool.

Nordstrom Stock Surges After Earnings Smash Expectations. What Has Wall Street Excited.

Nordstrom stock surged Tuesday after the high-end department store topped earnings estimates and slightly raised its full-year guidance.

Nordstrom delivers surprise profit as inventory woes ease

Nordstrom Inc posted a surprise first-quarter profit on Wednesday as better inventory control and demand from wealthy shoppers helped the company defy an inflation-driven slump in retail spending, sending its shares up 7% after hours.