Nordstrom shares jump as founding family seeks to take retailer private: sources
JWNNordstrom(JWN) New York Post·2024-03-19 23:58

The founding family behind Nordstrom is seeking to take the department store operator private, six years after a similar attempt proved unsuccessful, people familiar with the matter said Tuesday. The deal deliberations come as Nordstrom and other US retailers grapple with consumers curbing their discretionary spending following a bout of inflation and high interest rates. Macy’s, another department store operator, has also become a takeover target. The deal deliberations come as Nordstrom and other US retai ...