Nordstrom, Inc.: Initiation Of Coverage – Another Potential Takeover Attempt But What Is The Valuation Upside? 

This is our first report on Nordstrom, Inc., a company that has captured the market’s attention given the recent rumors of a takeover offer from the founding family. The company’s fourth quarter results delivered revenues of $4.3 billion and an earnings per share of $0.96, an improvement over the previous year. Importantly, 2023 results met or exceeded company guidance. All through the year, executive focus was on enriching customer experience and driving financial outcomes higher. For the next year, Nordstrom has ideological strategic plans which are proactive response to both positives and negatives in the current business environment.