May 22, 2013, 1:16 PMMore on Saks-Neiman Marcus: A combination of the two high-end retailers could help save costs through store closings and would give rival Nordstrom (JWN +0.5%) plenty to think about. Still, striking a deal price could be very tricky with KKR advising Saks (SKS +17%) on one side and Goldman Sachs repping Neiman Marcus on the other. Stay tuned. | Comment!
May 6, 2013, 5:00 AMMore on a possible Neiman Marcus IPO: TPG Capital and Warburg Pincus reckon they can pull in $8B for the department store chain after sinking $5.1B into a purchase in 2005. If a deal is struck, the valuation set could be of interest to investors of mall rivals Saks (SKS) and Nordstrom (JWN). | Comment!
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Nordstrom Inc operates as a fashion specialty retailer, with 290 U.S. stores located in 38 states as well as a robust e-commerce business through Nordstrom.com and HauteLook. It has two reportable segments: Retail and Credit.
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