Nordstrom Has Reason To Be 'Mad As Hell' At Wall Street

Aside from owning 100 percent of their name-sake company, the Nordstrom family would be free to operate without the scrutiny and criticism of investors and analysts, CNBC's Jim Cramer explained during Thursday's "Squawk on the Street" segment. Specifically, when the high-end fashion retailer wants to spend money on its business to better compete with Amazon.com, Inc. AMZN, analysts are still quick to "hate them." Related Links: Athleisure War? Amazon Will Sell Its Own Line Of Clothing Amazon Vs. The Department Store: The Battle Is Just Beginning ________ Image Credit: By Prayitno from Los Angeles, USA - Santa Monica Place ~ a Shopping Mall, CC BY 2.0, via Wikimedia Commons

In essence, the Nordstrom family is "mad as hell" with Wall Street and signals an end to their patience, Cramer continued. After all, stores remain profitable and the company also boasts a good e-commerce presence so there is nothing fundamental wrong with the business.

Nevertheless, Nordstrom family taking the company private doesn't solve its competitive problems as Amazon has accelerated its efforts to steal market share in the fashion and apparel space. But at the end of the day the Nordstrom family appears to be more than willing to "put its money where its mouth is."

At time of publication, shares of Nordstrom were up 11.14 percent at $44.99.