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Nordstrom's CEO Erik Nordstrom and President Pete Nordstrom have told the retailer's board that they're interested in taking the company private. As a result, the board has formed a special committee of independent and disinterested directors that will evaluate any proposals from those executives and from other parties, the company said in a Thursday (April 18) press release.

The Nordstrom family is once again considering taking the department store private and has formed a special committee to evaluate bids.

The department store is forming a special committee to explore a bid to take the company private.

Nordstrom said on Thursday that its board had formed a special committee of independent directors in response to the Nordstrom family's interest in exploring a go-private deal.

Department-store chain Nordstrom Inc. JWN has formed a special committee of independent directors to explore going private, the company said on Thursday. The chain's board made that decision after Erik Nordstrom and Pete Nordstrom, the company's chief executive and president, expressed interest in such a deal.

Nordstrom (JWN) focuses on three key priorities for fiscal 2024, which include driving growth at Nordstrom banner, optimizing operations and building on momentum at Rack banner.

Nordstrom's founding family has engaged multiple banks to contact private equity firms to explore taking the company private. There are no guarantees a deal will be made.

The Nordstrom founding family is looking to take the company private. The JWN stock price is trading higher today following the report.

Shares of Nordstrom Inc. (JWN) surged Tuesday on a report that the founding family of the upscale retailer was trying to take it private.

Shares of Nordstrom Inc. rallied on Tuesday following a report that the department-store chain was looking to go private — the latest effort by a major retailer to shake up business after two years of weaker demand for clothing.