(Reuters) - Upscale department store operator Nordstrom Inc
NORDSTROM (JWN.NY)has approached Citigroup Inc
The company, which has yet to set a date to solicit initial offers, is informally approaching buyers for the portfolio, Bloomberg said, citing one of the sources.
Nordstrom plans to reach out to other top issuers of credit cards and private-label cards, Bloomberg reported.
Nordstrom said on May 15 it was seeking a financial partner for its credit card receivables.
The company had said it was working with Goldman Sachs & Co and Guggenheim Securities LLC as financial advisors for a potential deal for its credit card portfolio, which totals about $2 billion.
Nordstrom could not be reached for a comment beyond normal business hours.
(Reporting by Kanika Sikka and Rohit T.K. in Bangalore; Editing by Lisa Shumaker)