Nordstrom Rack
47°36′45″N 122°20′11″W / 47.61237°N 122.3365°W
The exterior of a typical Nordstrom Rack store with the former logo, pictured in 2018, in St Louis Park, Minnesota | |
| Company type | Subsidiary |
|---|---|
| Industry | Retail |
| Founded | 1973 |
| Founder | John W. Nordstrom |
| Headquarters | , |
Number of locations | 346 (2023) |
Area served | United States |
Key people | Geevy Thomas (president) |
| Products | |
| Revenue | US$5.2 billion (2019)[1] |
| Parent | Nordstrom |
| Website | nordstromrack |
Nordstrom Rack is an American off-price department store chain founded in 1973. It is a sister brand to the luxury department store chain Nordstrom. As of 2023[update], Nordstrom Rack operates 348 stores in 41 U.S. states.[2]
History edit
In 1973, Nordstrom Rack opened their first store in Seattle as a clearance outlet full-line store.[3] The first Nordstrom Rack location was in the basement of a downtown Seattle Nordstrom store.
Their website was launched in February 2014 by HauteLook which was acquired by Nordstrom in 2011.[4] The Nordstrom Rack e-commerce site was built on a shared platform with Hautelook, which is Nordstrom's flash sale business.
Nordstrom Rack makes up about a fifth of Nordstrom's overall sales. Since 2013 Nordstrom Rack has generated over 2.5 billion dollars in sales.[5]
On March 22, 2018, Nordstrom Rack opened its first store in Canada which began their global expansion.[6] All seven Nordstrom Rack stores in Canada closed on May 14, 2023, following Nordstrom's exit from the country.[7]
On December 20, 2021, it was reported that Nordstrom was considering spinning-off Nordstrom Rack into a separate company.[8]
References edit
- ^ Rachel Lerman. "Did you know Nordstrom Rack never had a website — until now?". Bizjournal.
- ^ "All Nordstrom Rack US Locations | Clothing Store - Shoes, Jewelry, Apparel".
- ^ Casey Mcnerthney. "Seattle History: Nordstrom through the years". Seattle pi. Retrieved 17 June 2015.
- ^ "Nordstromrack.com | HauteLook Reduces Downtime by 80% Using New Relic Insights". New Relic. Retrieved 17 June 2015.
- ^ Rachel Lerman. "Did you know Nordstrom Rack never had a website — until now?". Bizjournal.
- ^ Marina Strauss. "Nordstrom delays openings of low-cost Rack stores in Canada". The Global and Mail. Retrieved June 17, 2015.
- ^ "Nordstrom Rack Stores In Canada Shuttered EOD Sunday As Nordstorm Stores Prepare To Close In June". 17 May 2023.
- ^ Thomas, Lauren (2021-12-20). "Nordstrom reportedly hires AlixPartners to review possible Rack spinoff". CNBC. Retrieved 2022-03-31.
External links edit
- Official website