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Stockreport

Nordstrom family eyes go-private deal for ailing retailer—again [Fortune]

Amazon.com, Inc. (AMZN)  More Company Research Source: Fortune
Last amazon.com, inc. earnings: 4/30 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: phx.corporate-ir.net/phoenix.zhtml%3fc%3d97664%26p%3dirol-irhome
The department-store chain formed a special committee to evaluate any proposal from Chief Executive Officer Erik Nordstrom and Pete Nordstrom, the company's president, the retailer said in a statement Thursday. The shares rose 2% in extended trading. They had closed 4.4% higher after the Nordstrom family's interest was reported earlier by the Wall Street Journal. Erik and Pete Nordstrom are “probably thinking that they need to take it private to do some significant changes to the business outside of public view to get the business back on track,” Morningstar analyst David Swartz said in a phone interview. “Nordstrom has not performed well since the pandemic.” The retailer's plan to expand its off-price Rack business faltered in 2021 because of poor inventory planning. While that business has improved recently, sales at flagship Nordstrom stores have remained sluggish, dragging on the overall outlook. In March, the company forecast muted revenue growth this year. It also wound d [Read more]
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Stockreport

Nordstrom family eyes go-private deal for ailing retailer—again [Fortune]

Amazon.com, Inc.  (AMZN) 
More Company Research Source: Fortune
Last amazon.com, inc. earnings: 4/30 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: phx.corporate-ir.net/phoenix.zhtml%3fc%3d97664%26p%3dirol-irhome
The department-store chain formed a special committee to evaluate any proposal from Chief Executive Officer Erik Nordstrom and Pete Nordstrom, the company's president, the retailer said in a statement Thursday. The shares rose 2% in extended trading. They had closed 4.4% higher after the Nordstrom family's interest was reported earlier by the Wall Street Journal. Erik and Pete Nordstrom are “probably thinking that they need to take it private to do some significant changes to the business outside of public view to get the business back on track,” Morningstar analyst David Swartz said in a phone interview. “Nordstrom has not performed well since the pandemic.” The retailer's plan to expand its off-price Rack business faltered in 2021 because of poor inventory planning. While that business has improved recently, sales at flagship Nordstrom stores have remained sluggish, dragging on the overall outlook. In March, the company forecast muted revenue growth this year. It also wound d [Read more]
IMPACT SNAPSHOT
EVENT TIME:
AMZN
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS