We need your help to reach our fiscal year-end goal tomorrow. Donate Now

Nordstrom family members weigh taking the retailer private

Amy Scott Jun 8, 2017
HTML EMBED:
COPY

Nordstrom family members weigh taking the retailer private

Amy Scott Jun 8, 2017
HTML EMBED:
COPY

Nordstrom’s stock jumped today after the company said a group of Nordstrom family members is considering taking the company private. Like all department stores, Nordstrom has been battling a decline in shopping mall traffic and competition from online retailers. The company reported weaker-than-expected sales last month and warned of a sluggish year ahead. Among other benefits, going private would give the company a break from those pesky quarterly announcements.

Click the audio player above to hear the full story.

There’s a lot happening in the world.  Through it all, Marketplace is here for you. 

You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible. 

Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.  

The clock is ticking 

Our fiscal year ends tomorrow. Can you chip in $50, $25 or even $10 to help us reach our goal?