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

Nordstrom Rack
TypeSubsidiary
IndustryRetail
Founded1973 (1973)
FounderJohn W. Nordstrom
Headquarters
Seattle, Washington
,
US
Number of locations
346 (2023)
Area served
United States
Key people
Geevy Thomas (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, 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

  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 17 June 2015.
  4. ↑ "Nordstromrack.com | HauteLook Reduces Downtime by 80% Using New Relic Insights". New Relic. Retrieved 17 June 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". 17 May 2023.
  8. ↑ Thomas, Lauren (2021-12-20). "Nordstrom reportedly hires AlixPartners to review possible Rack spinoff". CNBC. Retrieved 2022-03-31.
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