This week the Nordstrom family completed its acquisition of the 125-year-old retailer, delisting it from the New York Stock Exchange and taking the company private. Erik and Pete Nordstrom will serve as co-CEOs, representing the family’s 50.1 percent ownership stake. The other 49.9 percent belongs to a new partner, Mexican retailer El Puerto de Liverpool. So what might all this mean for Nordstrom shoppers? Unclear. So far, the retailer has announced just one major change: As of June 3rd, Nordstrom credit card holders will get a 5 percent discount on their purchases at Nordstrom Rack. However, those purchases will no longer count toward the “Nordy Club” customer loyalty program. If you want to earn loyalty points, you’ll have to shop at the regular Nordstrom store.
