Latest Nordstrom Inc News

British manufacturer Portmeirion buys Nambé for $12 million

Jul. 17, 2019 5:29 PM EDT

SANTA FE, N.M. (AP) — A Santa Fe-based company known for its polished aluminum alloy kitchenware and home decor has been acquired by a British manufacturer and worldwide distributor for $12 million. Portmeirion Group's purchase of Nambé LLC from the Hillenbrand family closed Tuesday, the Santa Fe New...

Nordstrom to permanently close Anchorage store in September

Jun. 27, 2019 10:06 AM EDT

ANCHORAGE, Alaska (AP) — Nordstrom has announced plans to close its Anchorage department store, a report said. The retailer expects its last day of business in Anchorage will be Sept. 13, KTUU-TV reported Wednesday. Seattle-based Nordstrom announced the closure Wednesday after informing employees. The...

Hudson's Bay executive leads bid to take retailer private

Jun. 10, 2019 12:21 PM EDT

NEW YORK (AP) — A group of shareholders of Saks Fifth Avenue's parent has made a cash offer to take the struggling department store chain private. The offer, announced Monday, is being led by Hudson's Bay Executive Chairman Richard Baker, Rhone Capital LLC, WeWork Property Advisors, Hanover Investment SA...

Nordstrom to close its Seattle Northgate store in August

Jun. 7, 2019 5:15 PM EDT

SEATTLE (AP) — Seattle-based Nordstrom has announced it plans to close one of its oldest stores this summer. The Seattle Times reports Nordstrom's approximately 170 employees at North Seattle's Northgate store learned the news Friday. Spokeswoman Emily Sterken said in an email the company is confident it...

US companies are in line of fire of tariffs aimed at Mexico

May. 31, 2019 9:54 PM EDT

WASHINGTON (AP) — President Donald Trump's surprise threat to impose escalating tariffs on Mexican imports jolted industry leaders throughout the U.S. economy Friday, sparked opposition even from usual Trump allies and set the stage for American consumers to face higher prices. It also sent stock markets...

Asian shares slip as US-China spat takes center stage

May. 22, 2019 11:36 PM EDT

SINGAPORE (AP) — Asian markets were broadly lower on Thursday as traders focused on tensions between the U.S. and China and braced for the impact of their tariff hikes. The Shanghai Composite index retreated 0.6% to 2,873.70 and Hong Kong's Hang Seng tumbled 1.2% to 27,376.69. The Kospi in South Korea was...

Target's online game is on target

May. 22, 2019 5:23 PM EDT

NEW YORK (AP) — An aggressive campaign at Target to let customers do more online is paying off. The retailer exceeded first quarter expectations on just about every level, saying the same day services it's rolled out, including picking up online orders at the store, drove more than 25% of comparable sales...

How major US stock indexes fared Wednesday

May. 22, 2019 5:18 PM EDT

Stocks ended lower on Wall Street Wednesday, weighed down by mixed corporate earnings from big retailers and uncertainty over the trade dispute between the U.S. and China. Lowe's and Nordstrom slumped on disappointing quarterly results. Target surged after delivering a strong quarterly report. Chipmakers and...

Target soars while Qualcomm plunges

May. 22, 2019 4:26 PM EDT

NEW YORK (AP) — Stocks that moved substantially or traded heavily on Wednesday: Target Corp., up $5.60 to $77.56 The retailer reported a surge in online sales that helped push profit and revenue beyond Wall Street forecasts. Lowe's Cos., down $13.16 to $97.94 The home improvement retailer cut its profit...

Markets Right Now: Stocks fall as energy, retail stocks drop

May. 22, 2019 4:18 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Stocks are closing lower on Wall Street Wednesday as energy companies and retailers bear the brunt of the declines. Lowe's and Nordstrom were among the biggest decliners in the S&P 500 after the companies reported...