Nordstrom's revenue has recovered to pre-pandemic levels after the acquisition.

2026-04-02 22:33:08

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Investing.com – According to a report by Bloomberg on Thursday, Nordstrom’s revenue has recovered to pre-pandemic peak levels, reaching about $15.8 billion last year.

The Seattle-based department store’s sales rose to $15.0 billion from the previous year, matching the all-time high it set before the pandemic accelerated the shift to online shopping in 2019.

The revenue growth came after a transaction completed in May of this year, when the Nordstrom family and Mexico department store chain El Puerto de Liverpool SAB acquired the company in an all-cash deal worth about $6.25 billion. El Puerto de Liverpool currently holds a 49.9% stake, while the Nordstrom family holds 50.1%.

Reportedly, last year’s adjusted earnings before interest and taxes grew 61%, to $799 million. The metric excludes pushdown privatization adjustments, which is an accounting method that allows the acquirer to pass the cost of acquiring the target company onto the target company’s financial statements.

Within the three months ended January 31, revenue grew 7% to $4.6 billion.

Nordstrom and Bloomingdale’s, which is owned by Macy’s Inc., could benefit from the bankruptcy of one of its key competitors, Saks Global Enterprises.

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