Reported about 1 month ago
Nordstrom is on the path to potentially becoming a private entity as the founding family collaborates with retail investor El Puerto de Liverpool to buy out other shareholders for $3.8 billion. Experts regard the offered price of $23 per share as fair, especially given the company's challenges and a severe drop in net earnings over recent years. Despite a slight uptick in same-store sales, the company struggles against changing retail trends and increased competition. The board is reviewing the proposal, weighing its implications against Nordstrom's historical context and future strategies.
Source: YAHOO