
Nordstrom is owned by the Nordstrom family and El Puerto de Liverpool, a Mexican retailer, following a $6.25 billion going-private transaction completed in March 2025. The company is no longer publicly traded. Nordstrom was founded in 1901 in Seattle, Washington and operates full-line Nordstrom department stores and the Nordstrom Rack off-price chain.
| Brand | Parent Company | Ownership Type |
|---|---|---|
| Nordstrom | Nordstrom, Inc. | Private |
John W. Nordstrom, a Swedish immigrant who made money in the Alaska Gold Rush, and shoemaker Carl F. Wallin opened a shoe store called Wallin and Nordstrom in Seattle in 1901. The store was profitable from its first year, and John's son Everett Nordstrom eventually bought out Wallin's share in 1929. By 1960, the family business had grown to become the largest independent shoe chain in the United States.
In 1963, Nordstrom acquired Best's Apparel, a Seattle clothing retailer, and rebranded as Nordstrom Best, then simply Nordstrom, expanding from shoes into full-line fashion retail. The company went public in 1971 and was listed on the Nasdaq before moving to the NYSE.
Through the 1970s, 1980s, and 1990s, Nordstrom expanded nationally, developing a reputation for extraordinary customer service, particularly in its shoe department, that became the foundation of its brand identity. The customer service culture at Nordstrom became a business school case study cited in discussions of service differentiation.
Nordstrom Rack, the off-price format, opened its first standalone store in 1975 in Seattle, initially to clear overstocked and returned merchandise. It has since grown into a standalone retail chain and e-commerce platform.
In 2020, the Nordstrom family made an unsuccessful attempt to take the company private. They succeeded in 2025 with the $6.25 billion deal backed by El Puerto de Liverpool, a Mexican department store operator that had held approximately 9.9% of Nordstrom shares since 2017. The transaction closed on May 1, 2025, and Nordstrom shares ceased trading on the NYSE.
Who owns Nordstrom?
Nordstrom is owned by the Nordstrom family (including Erik, Pete, and Jamie Nordstrom) and El Puerto de Liverpool, a Mexican retailer listed on the Bolsa Mexicana de Valores (BMV: LIVEPOL). The two parties completed a $6.25 billion all-cash acquisition on May 20, 2025, taking the company private at $24.25 per share. Erik and Pete Nordstrom serve as Co-CEOs. The company no longer trades on any stock exchange.
Is Nordstrom publicly traded?
No, Nordstrom is no longer publicly traded. The company was delisted from the New York Stock Exchange on May 21, 2025, after the Nordstrom family and El Puerto de Liverpool completed their $6.25 billion acquisition. Prior to the transaction, Nordstrom traded on the NYSE under the ticker JWN. The company had been publicly listed since 1970.
What is Nordstrom's revenue?
Nordstrom reported 2025 total sales of approximately $15.8 billion, up 7% year over year. This matched the record-high revenue last achieved in 2019 before the pandemic. The company achieved its highest comparable sales growth in over a decade during 2025. As a private company, Nordstrom no longer files quarterly or annual reports with the SEC, so financial disclosures are now voluntary.
When was Nordstrom founded?
Nordstrom was founded in 1901 by John W. Nordstrom, a Swedish immigrant, and Carl F. Wallin, a shoemaker. The partners opened a shoe store in Seattle called Wallin & Nordstrom. John Nordstrom had earned his initial capital working in gold mines during the Klondike Gold Rush. The company grew from a single shoe store into a nationwide department store chain over 125 years.
How many Nordstrom Rack stores are there?
Nordstrom operated approximately 250 Nordstrom Rack stores across the United States as of early 2026. The company opened 22 new Rack stores in 2025 and plans to open 23 more in 2026. CEO Erik Nordstrom has described Rack as the company's growth engine and the biggest driver of customer acquisition. The Rack expansion contrasts with the closure of two full-line stores in spring 2026.
What is El Puerto de Liverpool?
El Puerto de Liverpool is a Mexican omnichannel retailer listed on the Bolsa Mexicana de Valores under the ticker LIVEPOL. Liverpool operates 310 stores in Mexico under the Liverpool and Suburbia banners, 119 specialized boutiques, and 29 shopping centers. The company is also one of Mexico's leading credit card issuers with over 7.6 million cardholders, accounting for 47% of its sales transactions. Liverpool partnered with the Nordstrom family to take Nordstrom private in May 2025.
Where is Nordstrom headquartered?
Nordstrom is headquartered in Seattle, Washington, USA. The company has maintained its headquarters in Seattle since its founding in 1901. Seattle remains the center of Nordstrom's corporate operations, including its executive leadership team, merchandising operations, and digital technology functions.
Nordstrom operates sustainability initiatives focused on responsible sourcing, environmental impact reduction, and social responsibility. As a private company since 2025, Nordstrom continues its sustainability commitments but with reduced public reporting requirements.
Sustainable Apparel Sourcing: Nordstrom has implemented sustainable sourcing guidelines for its private label products and works with suppliers to improve environmental practices in textile production. The company has committed to increasing the percentage of sustainable materials in its Nordstrom Made products.
Environmental Initiatives: Nordstrom has invested in energy-efficient store operations, waste reduction programs, and sustainable packaging for e-commerce shipments. The company has set targets for reducing carbon emissions from its operations and supply chain.
Social Responsibility: Nordstrom maintains programs focused on diversity, equity, and inclusion in its workforce and supplier base. The company supports community initiatives through the Nordstrom Foundation and has historically been recognized for its employee-friendly workplace practices.
Nordstrom has received recognition for its customer service, retail innovation, and brand reputation over its long history.
Customer Service Recognition: Nordstrom's customer service culture has been the subject of business school case studies and has been consistently recognized by consumer surveys and retail industry publications. The company's policy of empowering employees to make customer service decisions has been cited as a model for retail service excellence.
Brand Reputation: Nordstrom ranks among the most respected retail brands in the United States, with strong consumer trust and brand loyalty. The company's reputation for quality merchandise and service has been maintained through multiple retail cycles and competitive challenges.
Digital Innovation: Nordstrom has been recognized for its early investment in e-commerce and digital capabilities, including its integrated omnichannel platform that allows customers to shop across stores and online channels. The company's digital sales have consistently outperformed many traditional department store competitors.
Post-Privatization Performance: Fortune's March 2026 report describing Nordstrom as "thriving" in its first year of private ownership represents recognition of the company's successful transition from public to private ownership and its ability to capitalize on competitive disruptions in the luxury retail sector.
Nordstrom has maintained a relatively clean record on product safety and regulatory compliance, though the company has faced some challenges common to large retailers.
Product Recalls: Like all major retailers, Nordstrom has participated in product recalls coordinated with the Consumer Product Safety Commission (CPSC) for items that did not meet safety standards. These recalls have been routine and have not involved systematic quality control issues.
Going-Private Controversy: The 2025 going-private transaction faced some shareholder opposition from institutional investors who argued the $6.25 billion valuation undervalued the company. However, the transaction was approved by shareholders and completed without major legal challenges.
Store Closure Impact: Nordstrom's decision to close several underperforming full-line stores as part of its post-privatization restructuring has drawn criticism from affected communities and employees. The company has stated that these closures are necessary for long-term profitability and that affected employees are being offered transfers or severance packages.
These competing brands operate in the same categories and provide similar products or services. Compare key attributes to understand market positioning and competitive landscape.
| Brand | Parent Company | Country | Founded | Market Position | Primary Market | Gender Target |
|---|---|---|---|---|---|---|
| Saks Global | USA | 1924 | Luxury department-store | United states | All Genders | |
| Macys | USA | 1861 | Premium | United states | All Genders | |
| Tjx | USA | 1977 | Mass market | United states | All-ages |
Retail EcommerceOwned by Saks Global Enterprises
American luxury department store chain known for its flagship location on Fifth Avenue in Midtown Manhattan and its curated selection of designer fashion, beauty, and accessories.
Retail EcommerceOwned by Macy's, Inc.
Premium department store founded in 1861, owned by Macy's Inc., operating 61 locations including Bloomie's small format and outlet stores.
Retail EcommerceOwned by The TJX Companies, Inc.
T.J. Maxx is the flagship off-price apparel and home fashions banner of The TJX Companies, with roughly 1,300 U.S. stores selling brand-name goods at discount prices.
Market Positioning: Nordstrom competes with 3 brands in the same categories, ranging from mass market to luxury positioning.
Geographic Distribution: Competitors are headquartered across multiple regions, indicating global competition in this market segment.
Brand Heritage: Competitor brands range from established heritage brands to newer market entrants, with founding years spanning several decades.
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