Nordstrom reported net earnings of $294 million for fiscal year 2024, with net sales increasing 2.4% to $14.6 billion compared to 2023. Adjusted EBIT was $593 million or 4.1% of net sales, and adjusted EPS was $2.17. The company saw comparable sales growth of 3.6%, driven by strength in women's apparel, active, and men's apparel categories.The company announced a definitive agreement to be acquired by a group including the Nordstrom family and Liverpool in a $6.25 billion all-cash transaction. Under the terms, shareholders will receive $24.25 per share in cash, with a potential additional special dividend of up to $0.25 per share. The transaction is expected to close in the first half of 2025, subject to shareholder approval and other conditions.Looking ahead, Nordstrom expects capital expenditures to range from 2.5% to 3.5% of net sales, primarily supporting investments in technology and stores. The company plans to continue expanding its Nordstrom Rack footprint, with plans to open a similar number of stores in 2025 as the 23 locations opened in 2024. Management remains focused on driving profitable growth while improving customer experience.

Nordstrom reported net earnings of $294 million for fiscal year 2024, with net sales increasing 2.4% to $14.6 billion compared to 2023. Adjusted EBIT was $593 million or 4.1% of net sales, and adjusted EPS was $2.17. The company saw comparable sales growth of 3.6%, driven by strength in women's apparel, active, and men's apparel categories.The company announced a definitive agreement to be acquired by a group including the Nordstrom family and Liverpool in a $6.25 billion all-cash transaction. Under the terms, shareholders will receive $24.25 per share in cash, with a potential additional special dividend of up to $0.25 per share. The transaction is expected to close in the first half of 2025, subject to shareholder approval and other conditions.Looking ahead, Nordstrom expects capital expenditures to range from 2.5% to 3.5% of net sales, primarily supporting investments in technology and stores. The company plans to continue expanding its Nordstrom Rack footprint, with plans to open a similar number of stores in 2025 as the 23 locations opened in 2024. Management remains focused on driving profitable growth while improving customer experience.