SEATTLE, United States — Nordstrom is halting, at the very least quickly, the seek for a purchaser.
Shares tumbled 5 p.c on the opening bell Monday.
The retailer mentioned in a regulatory submitting that a number of members of the Nordstrom household instructed the corporate’s particular committee that they’re suspending actively trying to shut on a sale this yr. The corporate will once more be wanting right into a potential deal after the vacation season ends.
In June, Nordstrom Inc. introduced that members of the Nordstrom household together with co-presidents Blake, Peter and Erik Nordstrom have been contemplating making a proposal to purchase out the 70 p.c of the division retailer’s inventory they do not already personal.
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