Reported 1 day ago
Nordstrom is set to go private through a $6.25 billion buyout by the Nordstrom family and Mexican group El Puerto de Liverpool, with analysts suggesting that this move could be beneficial given the company's current undervaluation. Morningstar's David Swartz indicates that the expansion of Nordstrom Rack stores represents the future direction for the retailer, as these outlets are better aligned with today's retail market despite being smaller than traditional Nordstrom locations.
Source: YAHOO