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Retail

Nordstrom’s threat to go private may stave off competitors

June 9, 2017

Nordstrom has been public since 1971, but this may be changing. Image credit: Nordstrom Nordstrom's threat to go private may stave off competitors' IPOs

 

By Danny Parisi

Department store chain Nordstrom's family members have announced that they are exploring the possibility of returning the corporation to a private business in an effort to stave off stiff competition from Amazon and other online retailers.

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