Nordstrom’s stock jumped today after the company said a group of Nordstrom family members is considering taking the company private. Like all department stores, Nordstrom has been battling a decline in shopping mall traffic and competition from online retailers. The company reported weaker-than-expected sales last month and warned of a sluggish year ahead. Among other […]

Amazon announced a plan today that will make its Prime membership cheaper for people receiving government assistance. If you’re getting food stamps, say, Amazon will sell you Prime for about $5.99 a month. That’s less than the full-price monthly option of $10.99. Behind the move: Amazon, again, is going toe-to-toe with Walmart. Click the audio […]