Nordstrom May Be Going Private

Department store Nordstrom may go private.

Department store Nordstrom may go private.

Reports indicate that members of the founding family are considering the move as the retail sector struggles with bankruptcies, decreased foot traffic at malls and increased pressure from online retailers.

A committee of independent directors has been formed to represent Nordstrom over the potential buyout.

©2018 FOX News Network, LLC. All rights reserved.


JOIN THE CONVERSATION

To find out more about Facebook commenting please read the
Conversation Guidelines and FAQs

Leave a Comment
TRENDING VIDEOS