Acquisition fever has gripped American retailers as those that have survived the much hyped "retail apocalypse" jockey for position in an increasingly competitive landscape. Department stores are in precarious positions and under pressure to monetize assets or go private. Oddly enough, the notion that Nordstrom could be an acquisition target was sparked by a blog post written by Foursquare CEO Jeff Glueck. Foursquare’s data shows that Nordstrom shoppers are twice as likely to shop at Whole Foods than the average consumer. Nordstrom would give Amazon a network of stores, solid relationships with coveted designers and labels, and an off-price format in Nordstrom Rack.

Source: Forbes August 31, 2017 02:09 UTC