What: Nordstrom Inc. has announced that Erik and Pete Nordstrom are considering taking the company private, a move now under review by a special committee.

Why it is important: This proposal marks a significant shift in the company's ownership structure and could influence its future strategic direction, affecting shareholder value, corporate operations, and potentially altering its market approach. This comes as part of broader efforts by the company to enhance shareholder value amidst its ongoing strategies to expand Rack stores and grow digitally.

Nordstrom Inc. is potentially facing a major ownership restructure as brothers Erik and Pete Nordstrom have expressed interest in taking the retailer private. This news has already positively impacted the stock prices. A special committee has been formed to evaluate this proposal and consider other offers, indicating a critical period of strategic review for the company. The board is working with top financial and legal advisors to explore various strategic, financial, and operational avenues to enhance shareholder value. The company's current strategies include significant expansion of its Rack stores and increasing digital and comparable-store sales. The outcome of this review could significantly influence Nordstrom's direction moving forward, maintaining the suspense on whether the Nordstrom brothers' bid will be accepted or if other strategic alternatives will be pursued.

It’s official: Nordstrom brothers pursue Nordstrom Inc. takeover