Agenda-setting intelligence, analysis and advice for the global fashion community.
For nearly a decade, the Nordstrom family has been vying to escape the scrutiny of the public market and take their namesake company private.
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The Nordstrom family has proposed buying the department store chain for $23 per share, aiming to take the company private for $3.8 billion, with financing from family members, Mexican retailer El Puerto de Liverpool, and new bank funding.
The upmarket department store chain also slightly revised its annual comparable sales forecast, raising the lower end to a range of flat to 2 percent growth.
While the Nordstrom family is pushing for private ownership, Macy’s faces an unsolicited hostile bid. Both scenarios could dramatically change the retail landscape in the United States.
Cathaleen Chen is Retail Editor at The Business of Fashion. She is based in New York and drives BoF’s coverage of the retail and direct-to-consumer sectors.
Yola Mzizi is the Editorial Associate at The Business of Fashion (BoF). She is based in New York and provides operational support to the New York team and writes features for BoF and The Business of Beauty.
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Join us on Tuesday, March 17 at 15:00 GMT / 10:00 EST for the next BoF Professional Masterclass on The State of Fashion 2026.
Nordstrom’s co-CEO and president joins Imran Amed to discuss the retailer’s 125-year history, why he believes the department store model still works and how taking the company private is shaping the company’s next chapter.
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