Nordstrom Says Founding Family Is Weighing Going Private
- Retailer’s prior attempt to go private faltered in 2017
- US department stores are struggling to boost profitability
Nordstrom Inc.’s founding family has notified the board of its interest in taking the company private.
The department-store chain formed a special committee to evaluate any proposal from Chief Executive Officer Erik Nordstrom and Pete Nordstrom, the company’s president, the retailer said in a statement Thursday.