Nordstrom news and archive

Nordstrom shareholders approve merger proposal

Shareholders of Nordstrom have approved of the US department store’s proposal to go private. The shift will come as part of a merger agreement between Navy Acquisition Co. and Delaware-based Norse Holdings, under which Nordstrom will operate as a wholly owned subsidiary. The matter was voted on during a Special Meeting of shareholders, for which...

Retail|In Pictures

Carhartt WIP launches coffee concept at Nordstrom Men’s store

Carhartt WIP, the streetwear version of workwear brand Carhartt, has launched its first US-based coffee concept at Nordstrom Men’s store in New York City. The concept is in partnership with Nordstrom Ebar, the coffee bar within the department store, and follows multiple in-store Carhartt WIP Coffee spaces across Europe and Asia. Located at 235...

Retail

Celtic & Co. expanding in the US with Nordstrom and Macy’s

British heritage fashion brand Celtic & Co., known for its ethically sourced, sustainable knitwear, footwear and outerwear, is expanding into the US with Nordstrom and Macy’s with its spring/summer 2025 collection. Celtic & Co. worked in collaboration with Refined Networks, the global e-commerce platform for cross-border digital commerce used by...

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Business

Unwrapping in 2025 – Eyebrow raising IPOs: From Shein’s controversy to Nordstrom’s private pursuit

The landscape of IPOs has twisted and turned over the last year as the market undergoes continued challenges. Yet, this landscape has seemingly not made the pursuit of a public listing any less appealing to those hoping to bolster their positioning. FashionUnited takes a look at what is on the horizon as the biggest stories of this year continue...

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Business

Seasalt to continue US expansion in response to demand

British retailer Seasalt has revealed that it is planning to continue expanding in the US with at least two more store openings after reporting that its first location in the region had outperformed expectations. Speaking to The Times, the company said the decision to grow further came on the back of unprecedented demand at its Falmouth,...

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Business

Nordstrom to go private, namesake family receives board approval to acquire retailer

A deal that could see US department store giant Nordstrom go private has been approved by the board of directors, potentially allowing for the company’s namesake family to acquire all outstanding shares of the firm. The Nordstrom family, consisting of Erik, Pete, Jamie and other members, will come together with Mexican real estate company El...

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Fashion|In Pictures

Christmas displays from around the world

With Christmas fast approaching, FashionUnited has rounded up the best of this year’s festive displays, from Sir Paul Smith’s takeover at Claridge’s in London to Selfridges maximalist take on the holiday season, Saks Fifth Avenue’s dazzling 100th-anniversary showcase in New York, Fenwick’s 12 Days of Christmas in Newcastle, Dior’s showstopping...

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Business

Nordstrom Q3 net sales increase, adjusts FY24 outlook

US department store giant Nordstrom welcomed a 4.6 percent increase in net sales for the quarter ended November 2, 2024, while comparable sales rose 4 percent compared to the same period in the year prior. The company’s banner net sales climbed 1.3 percent (4 percent on a comparable rate), while its Nordstrom Rack banner also reported an...

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Retail

Nudea expands in US via Nordstrom partnership

British underwear brand Nudea has expanded its presence in the North American market with a new partnership with department store retailer Nordstrom. In a release, founder and chief executive officer of the brand, Priya Downes, said that company was “excited” about the further expansion in the US. She added: “With Nordstrom’s wide reach and...

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People

Nordstrom appoints Alexis DePree as COO

US department store chain Nordstrom has announced the appointment of Alexis DePree as its newest chief operating officer. In the role, DePree will be responsible for supporting the company’s supply chain operations, transportation, inventory operations, enterprise operations, and store operations. It comes as an expanded title for the executive,...

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Business

Nordstrom Q1 sales increase 5.1 percent, reaffirms outlook

Nordstrom, Inc. reported a first quarter net loss of 39 million dollars or loss per share of 24 cents and loss before interest and taxes of 21 million dollars. Net sales for the quarter increased 5.1 percent, while comparable sales increased 3.8 percent. Gross merchandise value (GMV) for the quarter increased 4.9 percent. Commenting on the first...

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People

Bruce Nordstrom, scion of retail dynasty, dies at 90

Bruce Nordstrom, a third-generation member of the storied Nordstrom department store family, has passed away at the age of 90. “It is with deep sadness we announce our dad passed away comfortably at home on May 18, with his wife Jeannie by his side,” said Pete and Erik Nordstrom in a joint statement. “Our dad will be remembered not only for his...