Nordstrom consults adviser for potential spinoff of Rack business – Bloomberg News

The Nordstrom store is seen at a mall in a Denver suburb May 16, 2008. The upscale department store chain Nordstrom Inc. reported earnings that topped Wall Street estimates. REUTERS/Rick Wilking

Dec 20 (Reuters) – Nordstrom Inc (JWN.N) is consulting with AlixPartners to review options for its off-price Nordstrom Rack business including a potential spinoff into a separate company, Bloomberg news reported on Monday.

Nordstrom and AlixPartners did not immediately respond to requests for comment on the report.

Register now for FREE unlimited access to Reuters.com

Register

Reporting by Uday Sampath in Bengaluru; Editing by Ramakrishnan M.

Our Standards: The Thomson Reuters Trust Principles.

Read more…