Maybe you’ve noticed: all of a sudden a whole lot of big national retailers are privately owned and there may be two very important additions soon. Privatization is a way for previously publicly traded companies to operate without Wall Street and other investors up their butts. Sometimes that’s good if they are doing some real work to make their businesses better…and sometimes it’s bad when the company is a financial disaster and headed in the wrong direction. We’ve seen countless examples of both and now both Nordstrom and Macy may join the list — for two different reasons and by two very different paths. Here’s a look at all of this, naming names and, as usual, taking no prisoners. https://businessofhome.com/articles/home-retailer-privatization-macys-jc-penney
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