Erik and Pete Nordstrom are the fourth-generation leadership at the Seattle retailer, which was founded in 1901 as a shoe store. Erik is the company’s chief executive and Peter is president.

Nordstrom shareholders will receive $24.25 in cash for each share of Nordstrom common stock they own, or about $4 billion in all, representing a 42% premium on the company's stock as of March 18 ...

Erik and Pete Nordstrom are the fourth-generation leadership at the Seattle retailer, which was founded in 1901 as a shoe store. Erik is the company’s chief executive and Peter is president.

Shareholders will receive $24.25 in cash for each share, a roughly 42% premium of the stock based on the price on March 18, 2024 when speculation about Nordstrom being taken private began.

From the Puget Sound Business Journal. In a crosstown move, Starbucks Corp. (Nasdaq: SBUX) has hired away Nordstrom Inc.'s (NYSE: JWN) chief financial officer to its rapidly changing C-suite. The ...

Nordstrom shares have fallen nearly 70% from their all-time peak in 2015 as the rise of e-commerce giants such as Amazon led to a change in consumer shopping habits.

Nordstrom’s quest to become a private company took a step forward this week. The Nordstrom family, led by Erik and Pete Nordstrom — great grandsons of company founder John Nordstrom — announced that ...

Nordstrom's founding family has offered to take the department store chain private for $23 a share, teaming up with a Mexico-based retailer in its latest bid, a filing showed on Wednesday.

Shares of Nordstrom fell 36 cents, or 1.5%, to $24.17 in late morning trading. Nordstrom family, El Puerto de Liverpool's offer. That offer announced Monday tops the previous $23-per-share bid ...