NEW YORK — Upscale department store operator Nordstrom Inc. said a Nordstrom family shareholder group will register with the Security and Exchange Commission to sell up to 5.4 million shares of Nordstrom common stock.

Elmer and Katharine Nordstrom Family Interest LP owns 8.2 million shares, or 6 percent of Nordstrom’s outstanding shares, and is proposing to sell an additional portion of its holdings in order to diversify its financial assets, the Seattle-based company said in a statement.

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