Nordstrom, Inc.

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 was founded in 1901 by John W. Nordstrom, a Swedish immigrant who arrived in the United States with $5, 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 store focused on quality shoes and customer service.

The company grew through the early 20th century, expanding to multiple locations in the Pacific Northwest. John Nordstrom's sons joined the business and led expansion across the western United States. The company acquired other shoe stores and expanded into apparel and accessories. Nordstrom became known for its customer service and quality merchandise.

In the 1960s and 1970s, Nordstrom expanded beyond the Pacific Northwest, opening stores in California and other western states. The company acquired other retailers including Liberty House in Hawaii and Best's Apparel in the Pacific Northwest. Nordstrom went public in 1970, raising capital for further expansion.

The 1980s and 1990s brought nationwide expansion as Nordstrom opened stores across the United States. The company introduced Nordstrom Rack off-price stores in 1973 to sell clearance merchandise. Nordstrom expanded into Canada in 2014, but the Canadian business was later shuttered as part of a strategic retreat. The company also closed its San Francisco stores and decided not to reopen 16 stores after the pandemic.

In 2018, the Nordstrom family made its first attempt to take the company private, but the offer was rejected by the board's special committee. The family renewed its efforts in 2024, this time with Liverpool as a partner. The $6.25 billion deal was announced and completed in May 2025, ending Nordstrom's 55-year run as a public company.

Since going private, Nordstrom has shown signs of improvement. The company reported 2025 sales of approximately $15.8 billion, up 7% from the prior year, with the highest comparable sales growth in over a decade. Pete Nordstrom has been visible in stores, including the Manhattan flagship, noting merchandising improvements and signs that the family's rejuvenation strategy is working. The company is betting on its off-price Rack business as a growth engine, with plans to open 23 new Rack stores in 2026 after opening 22 in 2025. However, two full-line stores are closing in spring 2026: the Galleria Dallas Mall anchor (closing May 16) and the Christiana Mall anchor in Delaware (closing April 30).

Nordstrom has not published independently verified sustainability targets since going private. As a public company, Nordstrom had announced goals around sustainable fashion and circularity, including a partnership with the Renewal Workshop to resell repaired garments. The company's current sustainability reporting is limited because it no longer files annual reports or publishes ESG disclosures as a private entity. Nordstrom does not hold B Corp certification.

Nordstrom's going-private transaction drew scrutiny from minority shareholders who argued the $24.25 per share offer undervalued the company. The deal was ultimately approved by shareholders, but some investors expressed concern that the Nordstrom family's dual-class share structure gave them disproportionate control over the decision. The special committee of the board negotiated the final price, which included a $0.25 per share special dividend and a stub-period quarterly dividend of $0.1462 per share.

The company has faced criticism for its store closure decisions. The closure of the entire Canadian business in 2023 affected hundreds of employees. The decision not to reopen 16 stores after the pandemic and the departure from San Francisco drew attention to the challenges of operating urban department stores. The spring 2026 closures of full-line stores in Dallas and Delaware continue this trend, though the company maintains other locations in both Texas and the broader East Coast.

Nordstrom has also faced labor relations issues. The company has dealt with unionization efforts at some store locations, and employee groups have raised concerns about staffing levels and compensation. These issues are common in the retail sector but have received attention given Nordstrom's reputation for customer service, which depends heavily on employee quality.