Why are so many home retailers going private? [Yahoo! Finance]
Macy's Inc (M)
Last macy's inc earnings: 2/25 06:55 am
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Source: Yahoo! Finance
Now it seems, especially for home furnishings retailers, the goal is just the opposite: Take the company private and escape the scrutiny—and often the scorn—of Wall Street and investors. Cases in point: An investor group circling around Macy's is talking about making it a private company, while the founding family behind Nordstrom is rumored to be considering a private buyout. Privatization is once again the talk of retail. Already, national retailers that are among the biggest sellers of home furnishings products are privately owned, including At Home, JCPenney, Belk, Hudson's Bay and Neiman Marcus. The reasons behind the shift are many. First and foremost, the strategy removes companies from the constant examination that accompanies each quarterly financial report. Retail businesses are notoriously erratic, usually performing best in the period that includes holiday sales and underperforming much of the rest of the year. By going private, they can relieve themselves of the str
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