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Top related persons:
Nordstrom - 1 Erik Nordstorm - 1 we're - 1 we'll - 1 we've - 1 Erik Nordstrom - 1 Peter Nordstrom - 1
Top related locs:
Chicago , Illinois Seattle Mexican El Puerto
Top related orgs:
LSEG - 1 Nordstrom - 1 Retailers - 1 Walmart - 1 El Puerto de Liverpool - 1

Search resuls for: "El Puerto de Liverpool"


4 mentions found


☆ Nordstrom tops Wall Street’s earnings expectations, as shoppers buy more clothes and shoes
  + stars: | 2024-11-26 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com   time to read: +4 min
Nordstrom on Tuesday beat Wall Street's quarterly sales expectations, as revenue grew about 4% year over year from shoppers buying clothing, shoes and activewear at both the company's namesake department store and its off-price chain. Compared with the second quarter, women's apparel, shoes and men's apparel sales in the fiscal third quarter also grew sequentially. Comparable sales increased 4% across Nordstrom's two brands, its namesake and its off-price chain, Nordstrom Rack. That easily topped analysts' expectations for 0.7% gains in comparable sales, according to StreetAccount. Nordstrom's sales growth, while modest, is notable at a time when sales of discretionary merchandise and the luxury category have been under pressure.
Persons: Nordstrom, Erik Nordstorm, we're, we'll, we've, Erik Nordstrom, Peter Nordstrom Organizations: LSEG, Nordstrom, Retailers, Walmart, El Puerto de Liverpool Locations: Chicago , Illinois, Seattle, Mexican, El Puerto
☆ 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.
☆ Nordstrom Adopts Poison Pill After Mexican Retailer Buys Stake
  + stars: | 2022-09-20 | by ( Suzanne Kapner | ) www.wsj.com   time to read: 1 min
The largest shareholder of Nordstrom is the Nordstrom family, which owns about 30% of the Seattle company. Nordstrom adopted a so-called poison pill to prevent outsiders from boosting their stake in the business after a Mexican company acquired a 9.9% stake in the upscale U.S. retailer. A roughly $300 million investment made El Puerto de Liverpool SAB—which operates high-end department stores in Mexico—the second largest shareholder after the founding Nordstrom family, which owns about 30% of the Seattle company.
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