Deals
Nordstrom Taps Adviser for Potential Spinoff of Its Rack Business
- Rack’s performance hurt by low inventory in third quarter
- Competitor Macy’s is also weighing spinoff of online business
Nordstrom Rack store in the Herald Square neighborhood of New York.
Photographer: Caitlin Ochs/BloombergThis article is for subscribers only.
Nordstrom Inc. is consulting with AlixPartners to review options for its off-price Nordstrom Rack business, according to people with knowledge of the situation.
The advisers are looking at potentially spinning off Nordstrom Rack into a separate company and whether that would entail two management teams and individual public reporting, said the people, who asked not to be identified because the matter is private.