1217 ET - Mexican department store operator El Puerto de Liverpool and Nordstrom complete the deal to take the U.S. retailer private with Liverpool holding 49.9% and the Nordstrom family 50.1%. Analysts at Barclays see "potential upside in Liverpool's expertise to help manage the department store format," while the Mexican company "could learn from Nordstrom about developments such as e-commerce and structural shifts in shopping habits." Two main reasons for caution, however, are a softer U.S. consumer that could drive lower sales and same-store-sales amid trade wars, and that Liverpool "may find it difficult to translate its expertise into a new market," they add in a note. Liverpool shares are up 0.3% on the Mexican stock exchange. (anthony.harrup@wsj.com)
(END) Dow Jones Newswires
May 21, 2025 12:17 ET (16:17 GMT)
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