Nordstrom Rack

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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