Nordstrom family is considering store buyout

New York • Members of the Nordstrom family, including co-presidents Blake, Peter and Erik Nordstrom, are considering making an offer to buy out the 70 percent of the department store’s stock they don’t already own. Nordstrom Inc. said Thursday that the group also includes President of Stores James Nordstrom and Chairman Emeritus Bruce Nordstrom. Shares in the department store chain, which have fallen by about a third since December, rebounded more than 10 percent on the news. Department stores i...

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