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Top related persons:
Nordstrom - 3 Pete Nordstrom - 3 Erik Nordstrom - 2 Jim Cramer's - 1 Jim Cramer - 1 — - 1 Cramer - 1 Morgan Stanley - 1
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Search resuls for: "Pete Nordstrom"


5 mentions found


☆ Jim Cramer shares his thoughts on Netflix, Nordstrom, KB Home, Shopify and American Express
  + stars: | 2024-04-19 | by ( ) www.cnbc.com   time to read: +2 min
Nordstrom : The department store chain's CEO and president — both members of the founding Nordstrom family — have shown interest in taking the company private . "They should just worry about operating" the company, Cramer said, referring to CEO Erik Nordstrom and President Pete Nordstrom. Shopify : Shares rose more than 2% after analysts at Morgan Stanley upgraded the stock to a buy-equivalent rating. "This is to I think stem the endless decline that is unwarranted because it's a great company," Cramer said. Shares rose more than 4%.
Persons: Jim Cramer's, Jim Cramer, Nordstrom, —, Cramer, Erik Nordstrom, Pete Nordstrom, Morgan Stanley, Stephen Squeri Organizations: CNBC, Club, Netflix, homebuilder, American Express
☆ Nordstrom family tries again to take department store private, forms special committee
  + stars: | 2024-04-18 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com   time to read: +2 min
A sign marks the location of a Nordstrom store in a shopping mall on March 20, 2024 in Chicago, Illinois. The Nordstrom family is once again considering taking the department store private and has formed a special committee to evaluate bids, it announced on Thursday. CEO Erik Nordstrom and president Pete Nordstrom recently told the company's board of directors that it's interested in pursuing a take private deal for the 123-year-old department store, Nordstrom said in a news release. In 2017, private-equity firm Leonard Green & Partners came close to taking the company private but the deal ultimately fell apart. The announcement comes as department stores face an uncertain future and grapple with declining sales.
Persons: Nordstrom, Erik Nordstrom, Pete Nordstrom, it's, Leonard Green Organizations: Leonard Green & Partners, Reuters Locations: Chicago , Illinois
☆ Retailers hope to draw picky Black Friday shoppers to stores
  + stars: | 2023-11-24 | by ( Katherine Masters | ) www.reuters.com   time to read: +5 min
Originally known for crowds lining up at big-box stores in the U.S., Black Friday has moved online and gone global. In France, Italy, and Spain, most shoppers planned to buy clothing on Black Friday, with electronic goods coming second, according to a PwC survey. On average, shoppers in France expected to spend 295 euros ($322) on Black Friday, the survey found. Most U.S. stores were closed on Thanksgiving but opened to shoppers at 5 a.m. or 6 a.m. on Friday. In post-earnings calls this week, retailers from Kohl's (KSS.N) to Nordstrom (JWN.N) told investors they had invested in jackets, cashmere sweaters and Ugg boots to lure Christmas shoppers after an unseasonably warm October.
Persons: Shannon Stapleton, Jessica Ramirez, Jane Hali, Jeff Gennette, Mari Shor, Bergdorf Goodman, Nordstrom, Oscar de, ” Nordstrom, Pete Nordstrom, Katie Wyle, Katherine Masters, Mimosa Spencer, Helen Reid, James Davey, Josie Kao, Miral Fahmy, Frances Kerry Organizations: Black, REUTERS, Retailers, Associates, National Retail Federation, Insider Intelligence, Barclays, Macy's, The New York Police, Nordstrom, Walmart, Columbia Threadneedle Investments, Westfield, Thomson Locations: Westbury , New York, U.S, Europe, France, Italy, Spain, Amazon, Israel, New York City, Kohl's, Mall, Britain, Westfield, Paris, London
☆ Nordstrom could use an activist, but Ryan Cohen might not be the right one
  + stars: | 2023-02-03 | by ( Christina Cheddar Berk | ) www.cnbc.com   time to read: +6 min
Activist investor Ryan Cohen is building a stake in the department store chain as he looks to shake up its board, people familiar with the matter told CNBC. Tritton had once worked at Nordstrom, and Cohen thinks this makes him "conflicted and unqualified" to serve, the Journal report said. JWN 1D mountain Nordstrom shares surged after a report says Ryan Cohen is building a stake in the department store chain. 'Begs for an activist' The department store business hasn't been an easy one as shoppers buy more goods online or look to avoid large malls. The analyst also recalled that El Puerto de Liverpool, a Mexico City-based department store operator, holds a 10% stake in Nordstrom.
☆ Nordstrom CFO Anne Bramman to Leave the Company
  + stars: | 2022-10-18 | by ( Jennifer Williams-Alvarez | Suzanne Kapner | ) www.wsj.com   time to read: +3 min
Nordstrom Inc.’s finance chief is stepping down as the retailer confronts industrywide pressures including soft consumer spending and high inventory levels. The Seattle-based retailer said Monday evening that Anne Bramman will leave the company effective Dec. 2 after more than five years as CFO. Nordstrom’s senior vice president and chief accounting officer, Michael Maher, will serve as interim finance chief. Nordstrom is looking for ways to reduce its inventory levels, Mr. Nordstrom said during an earnings call in late August. Merchandise inventory levels increased 9.9% from a year ago, to around $2.4 billion, although they were lower than the previous quarter.
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