Activist investor seeks to oust Mark Tritton—who was also his focus at Bed Bath & Beyond—from Nordstrom’s board.
The activist investor plans to urge Nordstrom to refresh its board and replace the former CEO of Bed Bath & Beyond as a director.
Shares of pet e-commerce company Chewy (NYSE: CHWY) jumped 21.5% in January, according to data provided by S&P Global Market Intelligence. As of market close on Feb. 2, Chewy stock is now up 33% in 2023, ahead of the 8.7% jump for the S&P 500 so far. Through the first three quarters of 2022, Chewy's net sales are only up 13.7% from the comparable period of 2021.