Macy's, Nordstrom Eye Private Ownership While Adapting to Retail Market

The U.S. retail industry may be on the brink of a significant transformation as department store chains Nordstrom and Macy’s consider a shift toward private-equity or hedge-fund ownership.These potential moves could have extensive implications for the retail sector, reshaping the landscape of the industry, Reuters reported Wednesday (March 20).Over the past decade, only 7% of the total U.S. private equity deal volume was invested in retail and consumer companies, the report said, citing Dealogic data. Howev ...