Nordstrom Rack
Multinational luxury outlet retail chain founded in the United States From Wikipedia, the free encyclopedia
 | |
.jpg) 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 | , 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
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]
References
External links
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