Category: RETAIL

Nordstrom ready to make ANOTHER brilliant move as the rest of retail sinks

Department store chain Nordstrom announced on Thursday that members of the Nordstrom family are exploring the possibility of taking the company private, according to a company press release. Nordstrom did not immediately respond to requests from Retail Dive to comment further on the news. The group considering the move includes: Company Co-Presidents Blake Nordstrom, Peter

Another U.S. retailer ready to file for BANKRUPTCY after amassing more than $1 BILLION dollars in debt

Navigating a retail business in today’s chaotic retail environment would be difficult under any circumstances. But for any retailer working under the weight of a distressed balance sheet, their prospects can become very dark, very quickly. Things are looking particularly gloomy right now for children’s apparel retailer Gymboree, with recent reports suggesting the company is

RUMOR: Kroger and Whole Foods to merge?

Edward Kelly, an analyst for Credit Suisse, said a merger between Kroger Co. and Whole Foods Market would benefit both retailers, according to Supermarket News. In a research note, Kelly said the possibility of a deal like this occurring is heightened by last week’s report that activist investor Jana Partners has taken a position in