Hudson's Bay's executive chairman is trying to raise equity to fund a take-private of the company, sources familiar with the situation said Friday.
Investor fear of retail has turned to despair, with bets against the sector reaching the highest level since the collapse of Lehman.
Centene Corp., up $7.28 to $98.16. The health insurer and Medicaid coverage provider will expand into New York by buying Fidelis Care for $3.75 billion. Western Digital Corp., down $3.04 to $85.74.
CNBC's Courtney Reagan reports on Nordstrom shares soaring on news that a privatization deal may close.
NEW YORK— U.S. stock indexes are hardly budging Wednesday as banks and technology companies give back some of their gains from earlier in the week while retailers and energy companies trade higher. The Dow Jones industrial average added 22 points, or 0.1 percent, to 22,141. The Nasdaq composite remained at 6,453. The Russell 2000 index of smaller-company...
Leonard Green would provide Nordstrom family members with roughly $1 billion in equity to help fund the deal, sources say.
Some of the names on the move ahead of the open.
The Nordstrom family is close to a deal with private equity firm Leonard Green to take the retailer private.
See which stocks are posting big moves after the bell.
The "Fast Money" traders give you 3 stocks to buy on the Nordstrom buyout news.
CNBC's Courtney Reagan reports the Nordstrom family is in talks to partner with Leonard Green.
Leonard Green would provide the Nordstrom family members with roughly $1 billion in equity to help fund the deal, sources said.
Retail mashups are becoming more common as stores strive to incorporate unexpected experiences to entice customers, USA Today reports.
The first shop of this kind is set to open in West Hollywood, California, on Oct. 3.
Nordstrom Local will have dressing rooms for shoppers to try on clothes, but stores won't actually keep inventory for purchase in stock.
M&A bankers say their clients are asking them to pitch Jeff Bezos on a deal, Financial Times reports.
Credit Suisse believes some apparel retailers can thrive as the industry moves toward online shopping.
Dana Telsey shared her thoughts on the retail sector in an exclusive interview for CNBC PRO with Mike Santoli.
Target is plotting a big move away from AWS as Amazon takes over retail.
This suggested buy list, built on Foursquare data, includes retailers like Nordstrom, Warby Parker, Ulta and Lowe's.