In a strategic move, the founding family of Nordstrom Inc is reportedly exploring the possibility of taking the US department store operator private, Reuters quoted sources familiar with the matter.

Nordstrom family mulls privatisation amid retail turmoil

Ryan Cohen, the billionaire investor, is preparing to acquire a large stake in Nordstrom in order to shake up its board, said Reuters citing people familiar with the matter.

Billionaire Ryan Cohen preps to up stake in Nordstrom to shake up board

Nordstrom had earlier dropped Ivanka Trump's line of shoes and clothing owing to poor sales

Trump attacks retail chain for dropping daughter's clothing line

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