Nordstrom Rack
47°36′45″N 122°20′11″W / 47.61237°N 122.3365°W
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.jpg) The exterior of a typical Nordstrom Rack store with the former logo, pictured in 2018, in St Louis Park, Minnesota | |
| Type | Subsidiary |
|---|---|
| Industry | Retail |
| Founded | 1973 |
| Headquarters | , U.S. |
Number of locations | 346 (2023) |
Area served | United States |
| Key people | Gemma Lionello (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, the company opened its first store in Seattle as a clearance outlet full-line store.[3] The first Nordstrom Rack location was in the basement of the downtown Seattle Nordstrom store.[4]
Its website was launched in February 2014 by HauteLook, which was acquired by Nordstrom in 2011.[5] 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.[1]
On March 22, 2018, Nordstrom Rack opened its first store in Canada, which began its 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]- 1 2 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 Post-Intelligencer. Archived from the original on June 18, 2015. Retrieved June 17, 2015.
- ↑ Chris Daniels (July 20, 2026). "Erik Nordstrom talks Downtown Seattle, expansion plans as company turns 125 years old". Seattle: KOMO-TV.
Nordstrom went public in 1971 and formally became Nordstrom Inc. That same decade, it opened its first Nordstrom Rack as a clearance operation in the basement of its downtown Seattle store.
- ↑ "Nordstromrack.com | HauteLook Reduces Downtime by 80% Using New Relic Insights". New Relic. Archived from the original on January 2, 2015. Retrieved June 17, 2015.
- ↑ 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". May 17, 2023.
- ↑ Thomas, Lauren (December 20, 2021). "Nordstrom reportedly hires AlixPartners to review possible Rack spinoff". CNBC. Retrieved March 31, 2022.
External links
[edit]- American companies established in 1973
- Clothing retailers of the United States
- Companies based in Seattle
- Department stores of Canada
- Discount stores of Canada
- Department stores of the United States
- Discount stores of the United States
- Family-owned companies of the United States
- Online clothing retailers of Canada
- Online clothing retailers of the United States
- Retail companies established in 1973
- 1973 establishments in Washington (state)
- Outlet stores