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.



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