It’s still a bit early to see what’s going on.Goldsmiths to open largest showroom and luxury space at Liverpool One “It’s just a question of where they take the partnership from there. “If you know both companies, it’s a very good fit,” Marcotte said. Much like Nordstrom, department stores in Liverpool have a similar demographic of consumers and their stores look similar, experts said. Marcotte said owning a large number of Nordstorm shares also helps Liverpool strengthen its name value. If Liverpool could win a seat on the board, it could allow the retailer to learn more about how Nordstrom is approaching the US market and bring that knowledge back to its business. However, they agreed that it is unusual for a company to acquire a large number of shares from another retailer. When Nordstrom announced the shareholder rights plan, also known as the poison pill, it claimed that it “was not passed in response to any specific takeover bid or other proposal to take control of the company.” Marcotte said this was done to avoid a similar situation to Kohl’s, where activist investors and other firms have expressed interest in a takeover.īecause of the poison pill, experts said the Nordstrom acquisition would be too complicated and costly. “The current Mexican government is not particularly pro-business, so there is some tension,” Marcotte said. Bodega Latina Corp., the US subsidiary of Mexican grocery and department store chain Chedraui, last year acquired warehouse-style grocery and utility stores Smart & Final for about $620 million. In a regulatory filing last month, Liverpool said it was trying to diversify its assets and was not moving towards acquiring Nordstrom.ĭavid Marcotte, senior vice president of global retail at Kantar, said there is a trend among Mexican retailers to diversify their business beyond the country. Liverpool recently squashed rumors of a Nordstrom takeover. “But while they’re diversified across Mexico, they’re not diversified across markets.” What does Liverpool want with Nordstrom? “They did some experiments,” Jashinsky said. In 2016, it bought Walmart’s Mexican clothing division Suburbia for 15.7 billion pesos ($853 million at the time). The potential Nordstrom takeover isn’t the only time Liverpool has had a stake in a US retailer, either. The Liverpool subsidiary acquired a 30% stake in Regal Forest Holding Co, a consumer durables retailer in Central America, in 2010. It has also taken steps to grow the company into a pan-Latin American retailer. This came from the notion that Mexicans living in the US often send money to their families in Mexico. Back in 2006, the department store giant launched an initiative focused on Mexican consumers in the US who might be interested in buying items for their families in their home country through a website or by calling a phone number.
Jashinsky said that while Liverpool have been focused on Mexico for most of their existence, the company has shown some interest in other markets. “I think it’s proof that they manage their inventory.” “Despite the pandemic and some other issues that other department stores and retailers have been facing, has come really strong,” said Brad Jashinsky, director analyst at Gartner. The Suburbia business unit offers items at a lower price. The company currently operates 122 department stores in Liverpool, 169 stores in suburbia, 28 shopping centers and 60 boutiques with brands such as Gap, Pottery Barn and West Elm.
What is Liverpool?įounded in the 1840s, El Puerto de Liverpool has expanded its presence throughout Mexico. “They have long been an integral part of the Mexican retail ecosystem,” he added. He said the company has performed exceptionally well in recent quarters. “They’re definitely one of the key players if you look at Mexico for yourself,” said Matteo Ceurvels, Insider Intelligence’s senior analyst for Latin America and Spain. Experts polled by Modern Retail said department store’s takeover of Nordstrom shares could be Liverpool’s attempt to gain insights from Nordstrom and diversify its business, rather than a takeover. Its annual revenue for 2021 increased 30.8% to over 151 billion Mexican pesos (about $7.5 billion), smaller than Nordstrom, whose total revenue for the 12-month period ended Jan. Liverpool or El Puerto de Liverpool is a large chain of department stores selling clothing, cosmetics and technology, among other things.
0 kommentar(er)
