Nordstrom’s Founding Family Seeks to Take the Retailer Private: What’s Driving the Move?

Nordstrom, Inc. has reported its financial results for the second quarter of 2024, announcing a solid performance amid ongoing strategic enhancements and operational optimizations. The company achieved net sales of $3.8 billion and an earnings per share of $0.96. This growth was supported by an uptick in comparable sales, net sales growth, and expanded margins across both its Nordstrom and Nordstrom Rack brands. Notably, the digital space experienced growth, with net sales increasing by 6%.