Financial ResultsNordstrom reported 2Q adjusted EPS of $0.96, surpassing expectations of $0.71, with favorable gross margin expansion of +155 basis points to 36.6%.
Going-Private ProposalThe company received a going-private transaction proposal from the Nordstrom family and El Puerto de Liverpool, S.A.B. de C.V., with plans to acquire all shares for $23/share in cash.
Sales PerformanceRack continues to drive sales with total sales growth of 3%, led by Rack, showing a sales increase of 9%.