Retail giant Nordstrom is closing its sprawling Santa Monica Place store as it restructures its network to try to better target customers who have moved to online shopping.

Seattle-based Nordstrom has agreed to be acquired and taken private by members of the longtime retail family and El Puerto de Liverpool, a Mexican retailer, in an all-cash-deal valued at $6.25 ...

Nordstrom shareholders will receive $24.25 in cash for each share of Nordstrom common stock, or about $4 billion in all, representing a 42% premium on the company’s stock as of March 18, when ...