Nordstrom Inc. is suspending efforts to take the company private after struggling to get financing with favorable terms, another sign that the department-store industry has lost favor with both customers and investors, Bloomberg News reported yesterday. The controlling members of the Nordstrom family will renew a review of its operations after the holiday season, the company announced yesterday. In scrubbing the deal for now, the Seattle-based company cited “the difficulty of obtaining debt financing in the current retail environment.” Together, the Nordstrom family owns about 30 percent of the company’s shares. Gordon Haskett analyst Chuck Grom estimated they needed to raise between $5.65 billion and $8.19 billion to acquire the remainder of the retailer.
