---
schema_version: "secwatch.filing_event.v1"
accession: "0000072333-23-000013"
form_type: "8-K"
ticker: null
cik: "0000072333"
company_name: "NORDSTROM INC"
filed_at: "2023-03-02T23:59:59+00:00"
generated_at: "2026-06-18T16:31:15.484387+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Nordstrom to wind down Canadian operations, expects $300-350M Q1 charges; Q4 EPS $0.74

## Summary
- Canada wind-down: filed for CCAA protection; expects $300-350M pre-tax charges in Q1 2023, mostly non-cash.
- Q4 net earnings $119M, diluted EPS $0.74; net sales down 4.1% YoY to $4.2B.
- Full-year adjusted EBIT $502M (3.3% of sales), adjusted EPS $1.69; revenue up 5%.
- Quarterly dividend $0.19/share, payable March 29, record March 14; $438M remaining buyback capacity.
- Credit agreement amended to remove Canadian entities as loan parties; NCRI deconsolidated.

## SEC filing metadata
- accession: 0000072333-23-000013
- form_type: 8-K
- cik: 0000072333
- company_name: NORDSTROM INC
- filed_at: 2023-03-02T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.02, 2.05, 2.06, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/72333/000007233323000013/0000072333-23-000013-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/72333/000007233323000013/jwn-20230228.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000072333-23-000013
- JSON: https://secwatch.observer/filing/0000072333-23-000013.json
- Plain text: https://secwatch.observer/filing/0000072333-23-000013.txt

## Key facts
- Earnings Releases
  NORDSTROM INC reported quarter ended January 28, 2023 results: net income $119 million, EPS $0.74 per diluted share.
  - Period: quarter ended January 28, 2023
  - Net income: $119 million
  - EPS: $0.74 per diluted share
  - Result: reported results
  source text: Nordstrom, Inc. (NYSE: JWN) today reported fourth quarter net earnings of $119 million, or $0.74 per diluted share (“EPS”), and earnings before interest and taxes (“EBIT”) of $187 million, or 4.5 percent of sales, for the quarter ended January 28, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/72333/000007233323000013/0000072333-23-000013-index.htm
- Earnings Releases
  NORDSTROM INC reported fiscal year ended January 28, 2023 results: net income $245 million, EPS $1.51 per diluted share.
  - Period: fiscal year ended January 28, 2023
  - Net income: $245 million
  - EPS: $1.51 per diluted share
  - Result: reported results
  source text: For the fiscal year ended January 28, 2023, net earnings were $245 million and diluted EPS was $1.51, with EBIT of $465 million, or 3.1 percent of sales.
  evidence_url: https://www.sec.gov/Archives/edgar/data/72333/000007233323000013/0000072333-23-000013-index.htm
- Material Agreements
  NORDSTROM INC amended First Amendment with Wells Fargo Bank, National Association, as administrative agent (effective 2023-03-01).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Wells Fargo Bank, National Association, as administrative agent
  - Effective: 2023-03-01
  source text: On March 1, 2023, Nordstrom, Inc., the Guarantors party thereto, the Lenders party thereto and Wells Fargo Bank, National Association, as administrative agent (the “Agent”) entered into a First Amendment (the “Amendment”) to the Revolving Credit Agreement originally dated as of May 6, 2022 (the “Credit Agreement”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/72333/000007233323000013/0000072333-23-000013-index.htm
- Restructurings & Charges
  NORDSTROM INC announced a restructuring with charges of approximately $300 million to $350 million affecting Nordstrom Canada.
  - Type: restructuring
  - Charge: approximately $300 million to $350 million
  - Affected area: Nordstrom Canada
  source text: Nordstrom expects to incur pre-tax charges of approximately $300 million to $350 million in the first quarter of 2023, the substantial majority of which are anticipated to be non-cash charges, including an estimate for the impairment of the Nordstrom Canada investment and an estimate of certain claims that may be asserted against Nordstrom or its subsidiaries as a result of the wind-down of Nordstrom Canada’s operations.
  evidence_url: https://www.sec.gov/Archives/edgar/data/72333/000007233323000013/0000072333-23-000013-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.