I hope this actually does change Nordstrom because their corporate direction has been terrible over the last few years while trying to maximize shareholder value.
They’ve closed all Canadian operations, despite their Vancouver store being one of their highest earning stores in North America. They’ve closed several west coast stores in the US as well, citing crime but insiders had said it was because they want to move into lower cost areas instead.
Basically they’re trying to move into the market that JC Penny and Macy are leaving open, which has been slowly making Nordstrom itself much lower quality as a shopping experience.
Over the last few years they’ve turned their shopping experience into more of a dumping ground of random clutter
Perhaps going private will let them focus on treating their experience as part of the product.
They’ve closed all Canadian operations, despite their Vancouver store being one of their highest earning stores in North America. They’ve closed several west coast stores in the US as well, citing crime but insiders had said it was because they want to move into lower cost areas instead.
Basically they’re trying to move into the market that JC Penny and Macy are leaving open, which has been slowly making Nordstrom itself much lower quality as a shopping experience.
Over the last few years they’ve turned their shopping experience into more of a dumping ground of random clutter
Perhaps going private will let them focus on treating their experience as part of the product.