47°36′45″N 122°20′11″W / 47.61237°N 122.3365°W
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 | Geevy Thomas ( 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]
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]