Nordstrom's founding family needed roughly $7 billion to take the department store private, with lenders thought to have demanded twice the average borrowing cost for typical retailers.
Nordstrom's founding family needed roughly $7 billion to take the department store private, with lenders thought to have demanded twice the average borrowing cost for typical retailers.
The Nordstrom family intends to pick up where it left off after the holidays, at which point lenders will be able to price debt with a better understanding of how the company's Nordstrom Local experiment is panning out.
The Nordstrom family intends to pick up where it left off after the holidays, at which point lenders will be able to price debt with a better understanding of how the company's Nordstrom Local experiment is panning out.
The Nordstrom family is no longer actively looking to close on a sale this year but will resume after the holiday season ends.
The Nordstrom family is no longer actively looking to close on a sale this year but will resume after the holiday season ends.
"Revenue in the period slipped 0.5 percent, after it had dropped in the mid- to high-single digits over the previous quarters."
"Revenue in the period slipped 0.5 percent, after it had dropped in the mid- to high-single digits over the previous quarters."
"The Nordstrom family is working with private equity firm Leonard Green to provide equity financing on the deal, but it will need bank support for
"The Nordstrom family is working with private equity firm Leonard Green to provide equity financing on the deal, but it will need bank support for
The high-tech 24-hour store in partnership with Marie Claire and Mastercard looks to solve some of the retail industry’s woes.
The high-tech 24-hour store in partnership with Marie Claire and Mastercard looks to solve some of the retail industry’s woes.
The decline of the debt-laden American toy store chain does not bode well for the luxury department store giant.
The decline of the debt-laden American toy store chain does not bode well for the luxury department store giant.
The retailer will open 1,000-square-foot Amazon areas in 10 of its locations, offering gadgets like the Echo device and the Fire tablet.
The retailer will open 1,000-square-foot Amazon areas in 10 of its locations, offering gadgets like the Echo device and the Fire tablet.
Through its holding company Motier, the French luxury department store is acquiring a 51 percent stake in La Redoute, with the goal of acquiring the entire business in the future.
Through its holding company Motier, the French luxury department store is acquiring a 51 percent stake in La Redoute, with the goal of acquiring the entire business in the future.
The company, which has already hired an investment bank in response to pressure from activist shareholder Land & Buildings, plans to hire an additional financial adviser to conduct the review, according to a new report.
The company, which has already hired an investment bank in response to pressure from activist shareholder Land & Buildings, plans to hire an additional financial adviser to conduct the review, according to a new report.
Macy’s rose after naming former eBay senior VP Hal Lawton as president, bringing in an executive with an extensive technology background to the struggling department store giant.
Macy’s rose after naming former eBay senior VP Hal Lawton as president, bringing in an executive with an extensive technology background to the struggling department store giant.
"How a financial wizard took over a giant of American retailing, and presided over its epic decline."
"How a financial wizard took over a giant of American retailing, and presided over its epic decline."
In a document filed with the Securities and Exchange Commission, the company’s management has approved a plan for organisational changes expected to cost the brand nearly $300 million. One analyst posited the target could be its struggling subsidiary.
The decline in nonfarm payrolls reported by the Labor Department in its employment report on Friday was the sixth since January 2025 and the second largest.
The Japanese sportswear brand is accelerating global expansion by acquiring race-registration platforms to deepen engagement with runners.
The brands Gap and Banana Republic beat comparable sales estimates.
Christine Hunsicker admitted she falsified financial statements to promote CaaStle Inc. as a valuable, growing business when in reality it was struggling.
The underwear company is anticipating net sales of at least $6.85 billion in the current fiscal year, exceeding analyst estimates and marking the highest revenue since its split from L Brands Inc in 2021.
The Japanese brand is accelerating its expansion in India to capture a greater share of the rapidly growing apparel market and affluent consumer base.
Activist fund Oasis Management Co. is calling on the Japanese personal care company to convene an extraordinary general meeting, seeking a probe into its supply-chain risk management and internal control.