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A comment on Nordstrom Family to Take Company Private in $6.25B Deal. Parent comment

Re:Nordstrom Family to Take Company Private in $6.25B Deal by bhouston on Monday December 23, 2024 @01:45PM (#42496645)
> I don't think department stores are failing because they're a bad business. I think they're failing because they're being gutted by corporate raiders for their real estate assets.

I think you are confusing cause and effect at least the case I know of, Sears. Because Sears' core business was dying, because of Amazon, the best way to get value out of it was to raid its real-estate assets. It may have hastened Sears' demise, but it probably was the smartest thing to do from a business standpoint.

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Re:Nordstrom Family to Take Company Private in $6.25B Deal by ghaff on Monday December 23, 2024 @05:38PM (#42498167)
A lot of people imagine that private equity etc. is scooping up successful businesses and running then into the ground. A company like Sears was a confused mess when they were bought.
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