April 19, 2024


The company said it forecasted its sales in its fiscal year 2024 could decline.

The company said it forecasted its sales in its fiscal year 2024 could decline.
Image: Bloomberg (Getty Images)

Nordstrom stock jumped more than 10% on Tuesday following a report that the retailer is considering going private.

The department store chain’s founding family is working with investment banking firms Morgan Stanley and Centerview Partners to gauge the possibility of taking the company private, Reuters reports.

Talks of a possible deal have not been confirmed. Nordstrom last considered going private in 2018.

The news comes shortly after the retailer reported a subdued financial outlook for 2024, in which it said its sales could continue to decline.

This is a developing story and will be updated.



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