When Nordstrom went private last year, the move was seen by industry analysts as a way to let the founding family make the changes needed to rejuvenate its sagging department store business without being hemmed in by Wall Street’s short-term focus on profits.
Nearly a year later, co-CEOs Peter and Erik Nordstrom, great-grandsons of the retailer’s founder, say they don’t miss the distraction of being a public company. Indeed they hint that Nordstrom won’t return to the stock market anytime soon—if at all.
