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Nordstrom stock adds US$1B in value after reports say billionaire activist investor Ryan Cohen has significant stake in company; Cohen may look to oust board member Mark Tritton, who stepped down as CEO of Bed Bath & Beyond after Cohen pushed for changes

Fashion for Good launches Sorting for Circularity USA Project with partners such as Adidas, Inditex, Levi's, Target, Eastman, H&M; 18-month project to inform decisions regarding investments, actions to scale collection, sorting, recycling innovations

Paco Rabanne launches new feminine fragrance, Fame, in the US, with campaign featuring actress Elle Fanning; fragrance is created with 90% natural origin ingredients, available at retailers including Macy's, Ulta, Sephora, Nordstrom, Dillard's and others

Fitch downgrades Nordstrom to BB+ with outlook stable, reflecting its weakening operating trajectory due to macroeconomic and competitive pressure and elongated recovery at Nordstrom 's Rack brand, which could suggest longer-term challenges

Nordstrom Chief Merchandising Officer Teri Bariquit to retire after 37 years, will remain in role until successor is found; under Bariquit's leadership, company has made 'critical investments' in technology, organizational design to fuel long-term growth

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