Nordstrom ( (JWN) ) has shared an update.
On December 22, 2024, Nordstrom, Inc. entered into a Merger Agreement with Norse Holdings, Inc., which will result in Nordstrom becoming a wholly-owned subsidiary. To ensure leadership stability through the merger process, Nordstrom has initiated a retention bonus program for named executive officers. This program includes substantial bonuses for key executives, designed to retain them during and after the merger, subject to their continued employment and performance.
More about Nordstrom
Nordstrom, Inc. is a leading fashion retailer in the United States, primarily offering apparel, shoes, cosmetics, and accessories. The company focuses on providing high-quality customer service and maintaining a strong presence in the retail market.
YTD Price Performance: 0.0%
Average Trading Volume: 2,725,287
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $3.99B
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