Seattle’s Nordstrom family is poised to take control of its namesake company again next year, as its fourth generation attempts to invigorate the family business away from market pressures.

Nordstrom said it was going private. It continued to move in that direction Monday. According to a Bloomberg story reported in The Seattle Times, the publically-held Nordstrom has agreed to be re ...

Nordstrom has faced its fair share of criticism over the years, everything from inventory issues to store closures to financial performance. And there’s no denying that department stores are in a ...

Erik and Pete Nordstrom are the fourth-generation leadership at the Seattle retailer, which was founded in 1901 as a shoe store. Erik is the company’s chief executive and Peter is president.

Nordstrom, a Swedish immigrant who started the company with money acquired by prospecting during the Klondike Gold Rush, and cofounder Carl Wallin, a Seattle shoemaker. The company went public in ...