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, Nordstrom Rack operates 348 stores in 41 U.S. states.[2]
History
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 a downtown Seattle Nordstrom store.
Its 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 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]
External links
References
- Did you know Nordstrom Rack never had a website — until now? Bizjournal^
- All Nordstrom Rack US Locations | Clothing Store - Shoes, Jewelry, Apparel^
- Seattle History: Nordstrom through the years Seattle pi, retrieved June 17, 2015^
- Nordstromrack.com | HauteLook Reduces Downtime by 80% Using New Relic Insights New Relic, retrieved June 17, 2015^
- Did you know Nordstrom Rack never had a website — until now? Bizjournal^
- 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^
- Lauren Thomas. Nordstrom reportedly hires AlixPartners to review possible Rack spinoff CNBC, December 20, 2021, retrieved March 31, 2022^