Nordstrom is trading nearly $20 a share lower than a $50 a share offer it once rejected as too low [CNBC]
Macy's Inc (M)
Last macy's inc earnings: 2/25 06:55 am
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Source: CNBC
Nordstrom is trading nearly $20 a share lower than a $50 a share offer it once rejected as too low Two years ago, Nordstrom Nordstrom's stock is down roughly 35% year-to-date, swept up in the general malaise investors have shown the retail sector. Nordstrom's challenges are not unique to the industry. Its competitors, Macy's J.C. Penney Kohl's But Nordstrom — with its affordable luxury price-point and high-touch customer service — has long been viewed as the darling of the sector. That perception was part of the argument that family members, who own 31.2% of the company, used in their quest to take the company private two years ago. The goal at the time was to avoid the pressure of the public market and make needed tougher decisions, like store closures, that are harder when at the mercy of quarterly reports and public investors. That deal never came to fruition, however. A special committee advising the company's board rejected the family's offer of $50 a share as too low, and the tw
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M
Earnings
- 2/27/24 - Beat
M
Sec Filings
- 4/19/24 - Form 3
- 4/19/24 - Form 3
- 4/19/24 - Form 3
- M's page on the SEC website