Nordstrom, Inc. (JWN)
After hours:
| Previous Close | 18.81 |
| Open | 19.28 |
| Bid | 19.89 x 800 |
| Ask | 19.93 x 900 |
| Day's Range | 19.07 - 20.47 |
| 52 Week Range | 12.88 - 23.53 |
| Volume | |
| Avg. Volume | 4,177,044 |
| Market Cap | 3.262B |
| Beta (5Y Monthly) | 2.62 |
| PE Ratio (TTM) | 24.37 |
| EPS (TTM) | N/A |
| Earnings Date | N/A |
| Forward Dividend & Yield | 0.76 (4.04%) |
| Ex-Dividend Date | Mar 11, 2024 |
| 1y Target Est | N/A |
- Reuters
Exclusive-Buyout firm Sycamore vies to take Nordstrom private, sources say
NEW YORK (Reuters) -Sycamore Partners is one of the buyout equity firms that have expressed interest in taking U.S. department store Nordstrom private, according to people familiar with the matter. Nordstrom said last month that CEO Erik Nordstrom and his brother Pete, the company's president, were exploring options to take the retailer private, confirming a Reuters report that had been published in March. Negotiations will take several weeks and there is no certainty that Sycamore, which owns regional U.S. department store operator Belk, or any other private equity suitor will reach a deal, the sources said, requesting anonymity because the matter is confidential.
- Yahoo Finance Video
Consumer confidence hits 21-month low. Are retailers prepared?
Consumer confidence has hit its lowest level since July 2022, as inflation remains high and spending slows down. Morningstar Equity Analyst David Swartz and Jefferies Senior Vice President of Equity Research Corey Tarlowe join Market Domination to break down what this news means for retailers. Tarlowe explains that consumers are willing to spend, but are increasingly cutting down in certain areas. This bodes well for value-conscious brands like Walmart (WMT) and Target (TGT), as consumers will likely choose generic grocery products over more expensive private-label brands. Swartz tells Yahoo Finance's Akiko Fujita and Josh Lipton that when it comes to apparel, the issues are often company-specific, rather than reflective of the economy. He points to Ralph Lauren (RL) as an example of a specialized brand that understands its consumers, which is ultimately reflected in its high stock price. On the other hand, department store Nordstrom (JWN) has been struggling since the pandemic and its inability to recover may lead to the company potentially being taken private. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Melanie Riehl
- WWD
Nordstrom Unveils Latest Designer Pop-up at NYC Store
Erdem has a pop-up on the third floor of the store featuring exclusive-to-Nordstrom pieces and the spring 2024 collection.
