Retail Roundup—Nordstrom not going private; Bed Bath & Beyond testing new format

Nordstrom store front facing mall
The Nordstrom family has tabled the idea of taking the company private.

Bed Bath & Beyond tests new format

Face Value & Beyond, a division of Bed Bath & Beyond since 2002, opened its first store in New York City, which will carry both beauty and healthcare products, along with traditional Bed Bath & Beyond merchandise. The 20,000-square-foot store will be the first to carry the name, as some of the other 15 locations are branded Harmon, Harmon Face Values or Face Values. (Forbes)

Nordstrom puts off going private

The Nordstrom family, which owns more than 30% of the company's stock, has announced it would suspend the plan to go private. Private equality firm Leonard Green, which had agreed to back the takeover, has supposedly walked away from the deal following Toys R Us filing for bankruptcy protection last month. (CNN)

Rue21 hires chief analytics officer

R21 Holdings has announced the reorganization of its board and named Michael Appel as the new chairman and interim CEO. Rue21 also appointed Mark Chrystal, DBA, as chief analytics officer. (PR Newswire)

Suppliers cut off shipments to Toys R Us UK

Hit by the news of the bankruptcy of its U.S. stores, suppliers have stopped deliveries to the U.K. arm of Toys R Us. The company has assured partners that it is business as usual in Europe, but some suppliers cut off shipments, citing that they cannot get credit insurance. (Telegraph)

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