Nordstrom resumes plans to take the company private, escape ‘retail hell’

The Nordstrom family is moving forward with efforts to take the Seattle-based retailer private. The family — including co-presidents Blake Nordstrom, Peter Nordstrom and Erik Nordstrom — suspended plans in October to look for a buyer until after the holiday season. The plan has resumed, CNBC reported citing sources who “declined to be named because the information is confidential.” Nordstrom posted holiday sales growth of 2.5 percent. The company has had difficulties in the past finding…

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Nordstrom resumes plans to take the company private, escape ‘retail hell’