Saturday, April 13, 2024
HomeretailNordstrom shares fall as sales at its growth engine Nordstrom Rack stall

Nordstrom shares fall as sales at its growth engine Nordstrom Rack stall

  • Nordstrom family members recently put off efforts to take the retailer private until after the holiday season.
  • The department store had sought to escape the eye of public investors, but financing sources became skittish amid retail headwinds.
  • Investors will be closely watching to see how strongly both its discount store model and traditional store are performing.

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