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Department store retailer's attempt to go private stalls
Nordstrom may not be going private anytime soon. Attempts by the Nordstrom family to take Nordstrom private have stalled over financing difficulties, reported CNBC. According to the report, banks have become cautious amid today's unstable retail climate. The Nordstrom family group owns 31.2% of Nordstrom. In June, the family said it was exploring a possible buy-out. -
Not Fake News
Fake news. Or, at the very least, over-exaggerated news. That’s what I call the reports about the death of retail. Retail sales are up $121.5 billion (through the first seven months of the year) and the holiday forecasts look promising, with Deloitte predicting a healthy 4 to 4.5% increase over last season.

