Nordstrom, Macy’s deals could put private ownership back in vogue for US retailers

But deals for Macy's and Nordstrom might change the dynamic, putting private ownership of major U.S. retailers back in vogue. In its new bid to take Nordstrom private, for example, the Nordstrom founding family wants to keep control of the chain but doesn't want the pressure of having to release quarterly performance as it's trying to figure out its strategy. Nordstrom opened 19 new Nordstrom Rack locations in 2023 and has plans to open an additional 22 stores in 2024, executives told investors in a post-earnings call on March 5.