Nordstroms Aims To Go Private

E-commerce retailers are squeezing traditional brick-and-mortar stores around the country. More than 30 retailers filed for bankruptcy between January and November 2017. The Nordstrom family is moving forward with efforts to take the retailer private, which would allow Nordstrom to reshape its business and make long-term changes without scrutiny from investors. The company has had difficulties in the past finding the financing needed to go private. It’s unclear whether the holiday sales growth of 2.5 percent will help. Nordstrom stock, recently told the Business Journal going private would allow Nordstrom to escape “retail hell.” CNBC reports the deal stalled because of uncertainty over the future of retail.

Follow us on social media for the latest updates in B2B!


Finishing Industry Trends and Challenges: Manufacturing A Stronger Standard
July 2, 2022
This episode of Manufacturing A Stronger Standard is live from FABTECH 2021. Host and President of LestaUSA and DeGeest Corp. Derek DeGeest, talked with Scott Francis, editor-in-chief of Products Finishing, the Read more
Manufacturing a Stronger Standard: Richard Wilcox and LestaUSA Increasing Customers’ Production with New Automation Systems
July 2, 2022
Achieving automation on the finishing side requires many pieces—two of the most important being the conveyor system and robotics. Host of Manufacturing a Stronger Standard Derek DeGeest spoke with Systems Sales Read more
Manufacturing a Stronger Standard: Nordson Customer Success with LestaUSA Technology
July 2, 2022
Derek DeGeest was back at FABTECH 2021 for another Manufacturing a Stronger Standard conversation. He spoke with Frank Mohar, Regional Sales Manager at Nordson, about the partnership between the companies and Read more