Overview

• Liverpool officially terminated its BYD alliance after the venture contributed just 1.5% of its revenues and generated minimal profit.
• The company will redirect capital toward its core retail and financial services businesses, prioritizing enhancements to its logistics infrastructure.
• Nordstrom will remain independently run under a seven-member board evenly split between Liverpool and the Nordstrom family plus one jointly appointed director.
• Liverpool expects to record about $210 million from its 49.9% share of Nordstrom’s net income for June–December and to receive roughly $17 million in dividends.
• Executives are targeting collaboration in e-commerce, cross-border logistics, advanced analytics and private-label development to drive future growth.