Why Nordstrom Is An Enticing Bargain For Activist Investors

by MR Magazine Staff

Nordstrom which in recent retail history has been considered the gold standard among department store operators, may have emerged as an enticing target for either activist hedge funds or private equity firms. The Seattle-based department store banner has seen its stock rapidly decline during the last six months from nearly $76 per share on Aug. 3 to a close on Tuesday of $49.16. That’s partly because the retailer has begun to feel the effects of declining traffic at malls and individual department stores, which was already affecting key competitors, as well as the general market selloff. Read more at The Street.