Nordstrom is reportedly considering going private weeks after it gave a gloomy sales outlook for 2024.:
Nordstrom shares jumped more than 10% on Tuesday following a report that the department store chain is attempting to go private. The retailer's founding family is working with Morgan Stanley and investment bank Centerview Partners to determine if private equity firms have interest in a deal, Reuters reported, citing people familiar with the matter. Morgan Stanley declined to comment. A deal might not happen, according to Reuters. A previous effort to take Nordstrom private fizzled out in 2018.