Ryan Cohen Takes Stake in Nordstrom
Activist investor
Ryan Cohen
is amassing a sizable stake in
Nordstrom Inc.
JWN 5.86%
and intends to urge the upscale department-store chain to make changes to its board following a steep share-price decline, according to people familiar with the matter. Mr. Cohen, who built his fortune on online pet retailer
Chewy Inc.,
CHWY 5.06%
hopes to engage with Nordstrom’s management about a…