The group of Nordstrom family members seeking to take the eponymous U.S. department store private is offering preferential terms to potential equity partners willing to fund the buyout, according to sources.
A group of Nordstrom Inc family members is reportedly talking to buyout firms about raising $1 billion to $2 billion in equity to fund a potential bid to take the U.S. department store operator private.
Macy's said its strategy of opening its Backstage off-price chain within its department stores drives traffic into the main store, but experts say the move confuses customers and could hurt Macy's longer-term results.
Nordstrom posted an increase in net sales, led by its Rack business that offset its full-line stores. While the Seattle-based retailer met earnings expectations at $63 million, comparable store sales were still down 0...
As the retail industry continues on a dismal path, the secondhand market is on the rise—particularly in the area of clothing, footwear and accessories, which equates to about half of the resale market.