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Nordstrom Again Weighs Going Private as Department Stores Struggle To Boost Profits

Upscale Seattle-Based Retailer to Explore Private Sale Amid Interest From Its Founding Family
Nordstrom’s flagship store in Seattle is a city landmark. The company said Thursday that CEO Erik Nordstrom and President Pete Nordstrom, members of the department store chain's founding family, had shown an interest in exploring a deal to take the company private. (CoStar)
Nordstrom’s flagship store in Seattle is a city landmark. The company said Thursday that CEO Erik Nordstrom and President Pete Nordstrom, members of the department store chain's founding family, had shown an interest in exploring a deal to take the company private. (CoStar)
CoStar News
April 19, 2024 | 12:28 AM

Nordstrom's founding family has again shown interest in a deal to take the upscale department store chain private as struggling retailers look at strategies to boost profits, including monetizing their real estate and other holdings.

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