In a significant move signaling a new chapter in retail strategy, the Nordstrom family has decided to take their iconic department store chain private. This announcement, made by the company’s board of directors, highlights an all-cash transaction valued at $6.25 billion, setting the price at $24.25 per share. This transaction marks a critical turning point […]
Lord & Taylor Will Relaunch as an Online Off-Price Retailer
The historic Lord & Taylor department store, which first opened its doors nearly 200 years ago in New York City, is poised for a remarkable transformation under new ownership. This iconic retailer, known for its chic offerings and customer service excellence, will soon emerge with a restructured identity as an online off-price luxury retailer. Anticipated […]