Nordstrom Rack

47°36′45″N 122°20′11″W / 47.61237°N 122.3365°W / 47.61237; -122.3365

Nordstrom Rack
Company typeSubsidiary
IndustryRetail
Founded1973; 51 years ago (1973)
FounderJohn W. Nordstrom
Headquarters
Seattle, Washington
,
U.S.
Number of locations
346 (2023)
Area served
United States
Key people
Gemma Lionello (president)
Products
RevenueIncrease US$5.2 billion (2019)[1]
ParentNordstrom
Websitenordstromrack.com

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]

References

  1. ^ Rachel Lerman. "Did you know Nordstrom Rack never had a website — until now?". Bizjournal.
  2. ^ "All Nordstrom Rack US Locations | Clothing Store - Shoes, Jewelry, Apparel".
  3. ^ Casey Mcnerthney. "Seattle History: Nordstrom through the years". Seattle pi. Retrieved June 17, 2015.
  4. ^ "Nordstromrack.com | HauteLook Reduces Downtime by 80% Using New Relic Insights". New Relic. Retrieved June 17, 2015.
  5. ^ Rachel Lerman. "Did you know Nordstrom Rack never had a website — until now?". Bizjournal.
  6. ^ Marina Strauss. "Nordstrom delays openings of low-cost Rack stores in Canada". The Global and Mail. Retrieved June 17, 2015.
  7. ^ "Nordstrom Rack Stores In Canada Shuttered EOD Sunday As Nordstorm Stores Prepare To Close In June". May 17, 2023.
  8. ^ Thomas, Lauren (December 20, 2021). "Nordstrom reportedly hires AlixPartners to review possible Rack spinoff". CNBC. Retrieved March 31, 2022.