Nordstrom family makes $3.76 billion bid to take retailer private

• Second quarter revenues of $767.0 million rose 89.7% as compared to the prior year, reflecting the Acquisition. ◦ Same store pro forma revenues (as defined and reconciled below) decreased 28.0%, due to unfavorable impacts resulting from the COVID-19 pandemic and general trends adversely impacting the publishing industry. • Digital advertising and marketing services revenues were $168.8 million in the second quarter, or 22.0% of total revenues. • Over $160 million in annualized synergy measures were implemented by the end of the second quarter, with approximately $41.2 million in savings recognized in the quarter.

FY23 fourth quarter service performance scores covering July 1 through September 1, included: *First-Class Mail: 91.5 percent of First-Class Mail delivered on time against the USPS service standard, a decrease of 1.1 percentage points from the fiscal third quarter. *Marketing Mail: 95.4 percent of Marketing Mail delivered on time against the USPS service standard, consistent with performance from the fiscal third quarter. *Periodicals: 86.3 percent of Periodicals delivered on time against the USPS service standard, a decrease of 2.6 percentage points from the fiscal third quarter.

Bertelsmann is using its sound operational and financial health as a starting point to further develop its successful strategy. In doing so, the international media, services and education company is now pursuing five priorities, which Bertelsmann Chairman and CEO Thomas Rabe presented to key executives at the Group’s second purely virtual management meeting on Thursday. The goal is to trigger another growth spurt for Bertelsmann. This is to be achieved by creating national media champions, expanding the global content businesses, Bertelsmann’s global services businesses, the online education division, and the worldwide network of holdings. More than 600 executives from all eight business divisions and the Corporate Center took part in the digital meeting. They come from 30 countries; more than a third of them are women. Besides Thomas Rabe, Bertelsmann Executive Board members Markus Dohle, Rolf Hellermann and Immanuel Hermreck, as well as ten other top executives, most of them members of the Bertelsmann Group Management Committee, presented their strategic priorities and plans.