Department stores: faced with pressure from the market, Nordstrom wants to go private

According to WWD, the American department stores’ chain Nordstrom announced an intention to go private, following a press release from the Nordstrom brothers last April. Similar to Macy’s (2023 sales: US$23.1 billion, down by 5.5% in a year), department stores are facing chronic difficulties, and Nordstrom (2023 sales: US$14.2 billion, down by 5.8% in a year) is no exception. Privatisation would mean that Nordstrom would no longer publish financial results every quarter, and would no longer...