Financial PerformanceNordstrom reported adjusted EPS of $0.96, surpassing expectations, driven by favorable gross margin expansion.
Going-private TransactionA going-private transaction has been proposed by the Nordstrom family and El Puerto de Liverpool to acquire all company shares, which has led to an upgrade in the company's stock rating.
Sales GrowthNordstrom Rack continues to drive sales with a 9% increase, supported by strong merchandising and relevant product assortment.