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2025-01-21
From a small shoe store back in 1901, Nordstrom is now the world’s retail giant that has been able to sustain such a legacy. It started as a footwear retailer established by John W. Nordstrom and Carl F. Wallin in Seattle, but it evolved into being the largest independent shoe retailer in the U.S. under John’s three sons. This growth paved the way for the eventual establishment of a high-end fashion destination that, above all, was a place of quality and excellent service. The Nordstrom family played a significant role in expanding the business with the passing of generations. In the 1970s, the company established clothing and accessories, making it a comprehensive and full-fledged fashion retailer. The third generation took the company public in 1971. They then established Nordstrom Rack in 1973 as a clearance outlet. This made it easier for Nordstrom to access more customers than before, therefore expanding much more broadly. The fourth generation of Nordstrom leadership further transformed the brand by embracing e-commerce, propelling Nordstrom into the digital age and ensuring its competitiveness in an increasingly online-driven retail landscape. Today, Nordstrom’s annual sales exceed $13.1 billion, as reported by Forbes, solidifying its place as one of the top retailers in the world. Family’s Role In $6.25 Billion Acquisition Deal In a shocking move, Nordstrom has agreed to be taken private in a $6.25 billion deal involving the Nordstrom family and a Mexican retail group. This acquisition comes at a time when traditional department stores like Nordstrom are facing increasing challenges from discount retailers and e-commerce giants. The decision to privatize Nordstrom comes at a time when public companies are under greater scrutiny. By going private, the Nordstrom family hopes to regain greater control and flexibility to restructure and adapt to a changing retail environment. This is seen as an effort to give the brand a fresh start, free from the pressures of quarterly earnings reports and shareholder demands. According to the Associated Press, Nordstrom shareholders will be given $24.25 in cash for every share, which amounts to about $4 billion. This offer translates to a 42% premium over the value of the company’s stock at March 18, when the potential acquisition news was announced. The deal also includes the assumption of more than $2 billion in Nordstrom’s debt. In a retail world increasingly dominated by Amazon, Walmart, and fast-fashion brands, traditional department stores like Nordstrom have struggled to maintain their foothold. This acquisition could provide the company with the opportunity to regain market share and develop a more agile, competitive business model for the future. Nordstrom Family Legacy The Nordstrom family has always been at the heart of the brand’s growth since its humble beginnings as a small shoe shop and eventually into the retail powerhouse that it is today. Erik and Pete Nordstrom, fourth-generation members of the family, have guided the company through growth and transition. As the company looks into this new chapter, the influence of the Nordstrom family will remain central to its future. ALSO READ | Why Nordstrom Is Going Private In $6.25 Billion Deal With Its Family And Mexican Retail GiantEUAN MCCOLM: Sarwar wants to be our next First Minister - now might be a good time for him to start telling the voters why Click here to visit the Scotland home page for the latest news and sport By EUAN MCCOLM FOR THE SCOTTISH DAILY MAIL Published: 22:39, 10 December 2024 | Updated: 22:46, 10 December 2024 e-mail 1 View comments For the first time in living memory, the mood has lifted in SNP ranks. After a prolonged period of turmoil, Nationalist MSPs are indulging themselves with mild feelings of optimism. Brows have begun to unfurrow. Some SNP members have even been seen smiling in public. The game, they think, might not be over yet. Their spirits have been lifted by the contents of the draft Budget announced by Finance Secretary Shona Robison last week. So far as Nationalists at Holyrood are concerned, this document just might be the key, in 2026, to a fourth successive Scottish parliamentary election victory for the SNP. Ms Robison’s colleagues don’t rejoice because her draft Budget is in the best interests of Scotland. It is not. Rather, the Finance Secretary is now the toast of her colleagues because she has managed to make life difficult for the Scottish Labour Party leader Anas Sarwar. Finance Secretary Shona Robison's Budget earlier this month has made make life difficult for Scottish Labour leader Anas Sarwar After receiving a £3.4billion funding increase in Chancellor Rachel Reeves’s first Budget, last month, the Scottish Government’s already tired attack line about ‘Westminster austerity’ finally ran out of steam. The challenge for Ms Robison was to show what she could do with a substantial sum of extra money, rather than simply to describe what she might do if only the cash was available. Inaction In the end, the Finance Secretary’s draft Budget was low on innovation. Much of the extra funding is earmarked for new pay agreements, while there is no significant planned spending on long overdue reform in the NHS or the education system. But Nationalist MSPs haven’t cared about the inaction of their government in those key areas for the past 17 and a half years, so we should not be surprised that this ongoing neglect is of no concern to them now. What matters to Nationalists at Holyrood is that two headline-grabbing announcements in Ms Robison’s draft Budget present political difficulties for Mr Sarwar. The Labour leader may wish to vote against the SNP’s Budget – and he would have many good reasons to withhold his support – but the political cost of refusing to back a plan which includes the maintenance of the winter fuel payment for pensioners and the removal of the two-child benefit cap would, I think, be too high for him to pay. Values The SNP became the dominant party of the left in Scotland by persuading former supporters of Labour that it maintained the values their party had abandoned . That accusation landed, hard. The refrain ‘I didn’t leave Labour, Labour left me’ could be heard across constituencies which had once seemed stained indelibly red. Ms Robison and First Minister John Swinney, whose fingerprints I detect on the draft Budget, have used money supplied by Labour at Westminster to make life difficult for Labour at Holyrood. This is smart, if unattractive, politics. If the SNP is to see off Labour in 2026, it will have to win back Scottish voters who got behind Sir Keir Starmer in July’s general election. The draft Budget is an attempt to do that. Over recent years, it has suited Mr Sarwar perfectly well to be seen to be close to Sir Keir. Scottish Labour leaders of the recent past may have suffered from the accusation made by SNP opponents that they were nothing more than ‘branch managers’, but the inevitability of Labour’s general election victory made a virtue of Mr Sarwar’s closeness to his boss. Now, however, while I don’t for a moment think Mr Sarwar should do anything to distance himself from the PM – unless it is politically necessary for him to do so – it is time for the Scottish Labour leader to tell us more about himself and – if he has one – his vision for Scotland. Mr Sarwar is clever and affable and, although the SNP may be back in the fight, there is a reasonable chance that he will become the next First Minister of Scotland. Scottish Labour leader Anar Sarwar must convince voters to give him a chance Click here to visit the Scotland home page for the latest news and sport Advertisement However, if the Scottish Labour leader is to achieve this ambition and break the nationalists’ political gridlock, he will have to do more than be clever and affable. For reasons of cynical political expediency, Mr Sarwar should support the SNP’s Budget. He cannot win an argument against the measures outlined by Ms Robison with the voters he will need if he is to replace John Swinney as First Minister (even if those measures are poorly thought through and largely uncosted). The Scottish Labour leader has no choice but to be reactive when it comes to the draft Budget. If he is to lead his party to victory in 2026, it’s time for him to get proactive on matters of policy. Bogged down in a police investigation and split over independence strategy, the SNP has not looked more vulnerable in two decades, yet it would be wrong to assume that the Nationalists are a spent force. Recent polling may have given Mr Swinney a net approval rating of -11 but Mr Sarwar fared worse, with -16. The Scottish Labour leader doesn’t have time to spare if he is to persuade voters to give him the chance to lead the country, yet even those closest to him struggle to describe his political vision. One ally said: ‘He’s been incredibly careful not to put a foot wrong. The party’s been disciplined and he’s been a great communicator. 'But all that said, you could also accuse us of lacking a real identity. ‘If we weren’t a viable alternative government, then it would be fine for us to just attack, attack, attack, but we need to start showing people at least the shape of a plan.’ His fear of provoking any kind of backlash left Mr Sarwar at odds with voters on the controversial issue of gender self-ID. While the majority of Scots are opposed to allowing male-bodied people access to female single-sex spaces , Mr Sarwar supported the SNP’s plan to allow just that. Since plans to allow self-ID were blocked last year by then Scottish Secretary Alister Jack, Mr Sarwar has remained conspicuously silent on the matter. Failure The Labour leader is naive if he thinks the matter of gender ideology and its impact on women’s rights won’t play a substantial part in the next Holyrood election campaign. On this – and, indeed, on a wide range of subjects – Mr Sarwar needs clear messages. The SNP’s government of Scotland since 2007 has been marked by failure after failure. All things considered, Scottish Labour should now be runaway favourites to head the next government at Holyrood. As things stand – thanks, in part, to Shona Robison’s tricksy draft Budget – Labour and the Nationalists are neck and neck in the polls. If Mr Sarwar is to change this state of affairs and take those smiles off Nationalist faces, I suggest he gets on with persuading us he’s more than merely Sir Keir’s man in the north. Anas Sarwar wishes to be Scotland’s next First Minister. This being so, it might be a good idea for him to start telling us why. 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An online promotion campaign and nighttime safety plan topped the agenda at the first meeting of Ottawa's new nightlife council, members say. The meeting earlier this month gave newly-appointed nightlife councillors an opportunity to meet and discuss the city's first nightlife action plan , member Eric Vance told CBC's Ottawa Morning on Monday. Vance, who is also a drag performer and co-owner of Glittershaker Events, said it's important for Ottawa to have a central online resource for event promotion. "We hear a lot of the time, that event sounded so great but we really didn't know it was happening," Vance said. "I think the online resource for promotion ... that's a really great way for people to find out about events." Vance is part of the new team of volunteer nightlife councillors assembled by the City of Ottawa and nightlife commissioner Mathieu Grondin in an effort to reverse Ottawa's image as the "city that fun forgot." City of Ottawa nightlife commissioner Mathieu Grondin was hired in June from a role promoting Montreal's nightlife. (Spencer Colby/The Canadian Press) The nightlife council was greenlit last year as part of a nightlife action plan to develop and promote a "more vibrant, diverse, inclusive, viable, safe, and well-managed nightlife." Vance said in addition to larger organizations such as Ottawa Tourism, members representing "the little guys who make some really great stuff happen" also appeared. 'Spirit of celebration' Rachel Weldon, director of Ottawa arts non-profit Debaser, attended the meeting. Although Weldon acknowledged that some people might be fatigued by family commitments during the holidays, she said nightlife can still thrive. "Everybody's budget is a little bit stretched tighter this time of year, and they have other social events," said she said. "But there is also a spirit of celebration in the air." 'The city fun is about to remember': Meet Ottawa's new nightlife commissioner Ottawa's night mayor is building a nightlife council Like Vance, Weldon often works on smaller scale events that range up to 1,000 people. She hopes by bringing a voice for those events to the nightlife council, she can help artists and cultural workers carve out a better career in nightlife. "We're looking for a better industry for the people who participate in it, who make it run," she said.

Iowa QB Cade McNamara slams 'ridiculous' rumors

The NBA fined Timberwolves guard Anthony Edwards $75,000 on Monday for criticizing the referees of Saturday's game between Minnesota and the visiting Golden State Warriors . In a news release, the league said Edwards used "inappropriate and profane language" during a postgame media session after the Timberwolves' 113-103 loss. It marks the second time in two weeks that Edwards' postgame comments have cost him cash. The 23-year-old was fined $25,000 on Dec. 9 for using profane language during an interview after Minnesota won at Golden State 107-90 three days earlier. A two-time All-Star, Edwards leads the Timberwolves (14-13) with 25.6 points per game this season to go with 5.4 rebounds and four assists per contest.2 'Strong Buy' Biotech Stocks With 120% or More Upside Potential1 2 3 Patna: A day after the Grand Alliance (GA) put up a disastrous performance in by-elections to four assembly seats in the state, RJD leader Tejashwi Prasad Yadav on Sunday vowed to win next year's assembly elections, saying the "bypoll win is the last victory of the NDA". The NDA made a clean sweep in the Bihar bypolls winning all four seats, three of which were earlier held by the GA. Addressing a party workers' meeting at the RJD office, Tejashwi said they won Jharkhand in 2024 and would win the Bihar assembly elections next year. IPL 2025 mega auction IPL Auction 2025: Who got whom IPL 2025 Auction: Updated Full Team Squads Claiming the GA will script a saga of victory in 2025, Tejashwi said, "Bihar badalna chahta hai (Bihar wants a change in govt)." Stating the GA installed JD(U) leader Nitish Kumar as the CM despite the RJD being the single-largest party, Tejashwi wondered over the way the former ditched them twice. "The kind of respect we accorded Nitishji, none will give him. The BJP has hijacked him completely," Tejashwi said. He alleged the "double-engine" govt of the NDA has done nothing for the state. "While one engine is indulged in corruption, the other is indulged in crime," Tejashwi said. He also charged PM Narendra Modi with making empty promises. "The NDA has been in power in Bihar for the past 20 years but the state has not got its due. What happened to PM's promise of granting special status to the state? What happened to crediting Rs15 lakh to the bank accounts of every citizen? What happened to his promise to give 2 crore jobs to youths every year?" asked Tejashwi. He said the problem of unemployment has become so severe that people are migrating to other states in large numbers in search of livelihoods. Tejashwi exhorted the people to come together and drive out the "communal forces" to "help create a new Bihar" that the erstwhile Grand Alliance govt showed by turning the venue of political rallies into "employment fairs". "It was during our short tenure of 17 months that Gandhi Maidan, which once hosted mainly election rallies, organised job fairs. We provided jobs to 5 lakh people within a short time," he said.

First openly trans rep-elect claims GOP spotlighting transgender issues an 'attempt to distract' voters

Our community members are treated to special offers, promotions and adverts from us and our partners. You can check out at any time. More info Sort Your Life Out star Stacey Solomon has shared a photo of her stunning decorations on social media, but has admitted that this Christmas she has been the “most disorganised I’ve ever been.” Sharing the image of her front door, decked out with beautiful ice pink decorations, she wished her followers a “Happy Christmas Eve Eve” and said that it didn’t matter if everything wasn’t organised as her kids’ Christmas wish was that the family was all together. The mum of five and stepmum of one started the post by writing “Forgot to show you the front door.” Her photo was worth the wait as it featured a sleigh with a snowy reindeer, huge pale pink baubles mixed with foliage over the doorway, a handful of figurines and a pretty pink wreath on the wooden door. She added: “I finished it the other week and I can honestly say this is the most disorganised I’ve ever been at Christmas. But I’m rolling with it all because all the kids will care about is that we are together and home with nothing to focus on but Christmas day.” Husband Joe revealed in an interview with Metro that Christmas this year at their Pickle Cottage would be more of a low key affair. "Last year, we had about 28 people at our house for Christmas dinner. This year is a bit more quiet: just me, Stacey, the kids and three or four other people coming." Stacey has had a busy few months leading up to Christmas. As well as filming Sort Your Life Out and Stacey Solomon ’s Craft Christmas, she recently flew to Las Vegas and enjoyed a trip to see Adele in concert there. Back in England, she and husband Joe Swash are also filming a reality show that will peek behind the scenes of their family life. As part of Craft Christmas, Stacey also got to spread some festive joy with a member of her own family. On The One Show she revealed that she hosted a yuletide bash at the care home where her grandmother Gwen lives. She enlisted a dream team to bring her festive vision to life, roping in her hubby Joe, the kids, her sister Jemma, and her Sort Your Life Out sidekick, Dilly Carter. They were tasked with transforming the care home into a magical winter wonderland. Stacey's hand-crafted decorations decked the halls just in time for the residents and staff to bask in the holiday cheer. "Grandma Gwen was so excited we were coming to her care home! She was over the moon,” she told hosts Alex Jones and Roman Kemp. "My grandma is just the most amazing woman. She's 96 this month. So when we said we'll come to her care home, she was absolutely delighted."DUBLIN (AP) — Ireland’s fresh charges gave coach Andy Farrell options to ponder for the autumn rugby closer against Australia after they comfortably handled Fiji 52-17 on Saturday. All eight Ireland tries came off set plays, and the result — and a 29-year perfect record against Fiji — was effectively secured by halftime, when it led 28-3. Fiji posted historic wins in Europe in the last 15 months against England, Australia and Wales but struggled to get any rhythm. It was undermined by 11 penalties in the first half, alone, and a horrible 17 overall, and a powerful backline was smothered. Farrell made seven changes to the Ireland XV after the muted performances against New Zealand and Argentina, to inject some life and spice into his aging squad, and they impressed while overcoming some bumps. Sam Prendergast, the starting flyhalf in his second test, was sin-binned in just the eighth minute for a shoulder shot but returned to manage the backline coolly with soft hands, confident loops, and accurate kicking on and off the tee. He set up one try with a crosskick and converted five. On debut, Gus McCarthy deepened Ireland’s grand stock of hookers with no-look passes and a try after two crooked throw-ins in another shaky lineout, while flanker Cormac Izuchukwu stood out with a high work rate. He would have had a try, too, but for a forward pass. RELATED COVERAGE Gatland not offering to resign after Wales loses every rugby test this year All Blacks win in Turin but struggle against a passionate Italy Springboks complete unbeaten tour after handing Wales 12th straight loss Ireland butchered three tries, and man of the match Bundee Aki was held up over the line, denying him a second try as he rebounded from being dropped after the New Zealand loss. Other standouts were scrumhalf Craig Casey in his third start of the year, and in-form wing Jacob Stockdale, who went looking for action in his first test this year until he limped off in the 50th with a hamstring injury, putting him in doubt for the Wallabies next weekend. “I thought for all sorts of reasons (the game) was very pleasing,” Farrell said. “First and foremost there’s some really nice stories within our group, with two debutants and people getting a chance to get their second, third start. To get the win, play some nice rugby — could’ve, should’ve done better at times — but I thought we controlled the game very well.” Captain Caelan Doris, up for world player of the year on Sunday, launched Ireland’s scoring with a fifth-minute try after McCarthy burst around the back of a lineout. While Prendergast was in the sin-bin, McCarthy fed Doris again to send flanker Josh van der Flier charging over. Up 14-3, Ireland spent the rest of the half blowing more tries than it scored but getting Casey and wing Mack Hansen across. Aki scored the first try of the second half, barging over from his third touch in a 10-pass buildup. McCarthy scored from a rolling maul, Hansen got his second try and Ronan Kelleher completed Ireland’s biggest win over Fiji in 22 years. Ireland was patched together by then, with hooker Kelleher in the back row, No. 8 Doris in the centers, and replacement scrumhalf Conor Murray on the wing. Fiji had to be consoled by tries for flanker Kitione Salawa and its youngest ever test player, 19-year-old lock Setareki Turagacoke, who was in support of Caleb Muntz for his second try off the bench in his second test. Moments later, he also received his first test yellow card. Of the high penalty count, Fiji coach Mick Byrne said, “At the end of the day, it’s on us, we need to get better, and it’s not on the referee.” But Byrne also believed the Irish got all of the 50-50 calls because they were at home. ___ AP rugby: https://apnews.com/hub/rugbyOhio Supreme Court sides with pharmacies in appeal of $650 million opioid judgment

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