Financial PerformanceAdjusted 2Q24 results exceeded expectations, with a modest increase to the low-end of the full-year guidance range, indicating a conservative yet achievable outlook.
Sales GrowthRack continues to drive sales, with total sales growth of 3% led by Rack stores, showing a sales increase of 9%.
Take-Private ProposalThe company received a going-private transaction proposal from the Nordstrom family and El Puerto de Liverpool, offering $23/share in cash.