According to a recent Reuters report, Nordstrom’s founding family group is finalizing plans to submit an offer to take the U.S. department store retailer private.
Karen McKibbin, president of Nordstrom Rack, will be retiring from Nordstrom in March. Geevy Thomas, chief innovation officer, will succeed McKibbin as president of the Nordstrom Rack off-price division.
The Nordstrom family has suspended its exploration of possibly taking the upscale retailer private.
This holiday season, Nordstrom is hiring approximately 11,400 seasonal employees to serve customers at its Nordstrom and Nordstrom Rack stores, as well as in its fulfillment and distribution centers that support the company’s stores, Nordstrom.com, Nordstromrack.com, HauteLook and Trunk Club.
Nordstrom’s overall sales and earnings dipped but the company beat analyst expectations as the retailer’s Rack off-price brand continued to grow.
Nordstrom has appointed Kumar Srinivasan as its new chief technology officer. In this new role, the retailer said Srinivasan will…
For the fourth quarter ended January 31, Nordstrom, Inc. posted earnings of $255 million, or $1.32 per diluted share, versus…