Nordstrom Rack

Nordstrom Walks Back on Luxury and Leans Into Deep Discounts
Nordstrom Walks Back on Luxury and Leans Into Deep Discounts
April 15, 2023  |  Retail

Following its recent earnings report in early March, fashion retailer Nordstrom has announced the upcoming launch of nine additional stores for its Nordstrom Rack off-price...

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Nordstrom Rack Takes On Renewed Focus as Luxury Retailer Departs Canada
Nordstrom Rack Takes On Renewed Focus as Luxury Retailer Departs Canada
March 02, 2023  |  Retail

Nine years after taking its high-end brand north of the border, luxury retailer Nordstrom says it will now shutter all 13 of its Canadian locations...

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Nordstrom Rack Undercuts Luxury Retailer’s Holiday Sales
Nordstrom Rack Undercuts Luxury Retailer’s Holiday Sales
January 20, 2023  |  Retail

Consumers pulled back on their spending during the holiday shopping season, according to Nordstrom. During the nine weeks ended Dec. 31, sales at the Nordstrom...

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Nordstrom Hurt by Soft Demand From Lower-Income Shoppers
Nordstrom Hurt by Soft Demand From Lower-Income Shoppers
November 23, 2022  |  Retail

Cost-conscious shoppers continue to shy away from Nordstrom, with the luxury retailer still feeling the effects of a paycheck-to-paycheck economy in the form of declining...

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Nordstrom Names New Rack Division Leaders Amid Retirements
Nordstrom Names New Rack Division Leaders Amid Retirements
April 04, 2022  |  Personnel

Two executives who were overseeing the Rack division of Seattle-based luxury retailer Nordstrom announced their retirements in a Monday (April 4) press release. In their stead,...

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Nordstrom Considers Spinning off Rack Into New Business
Nordstrom Considers Spinning off Rack Into New Business
December 20, 2021  |  Retail

Nordstrom is looking at spinning off its discount Nordstrom Rack business to trim its losses, Seeking Alpha reported. The company was down 0.6% as of...

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Department Stores Continue Slide As Nordstrom Reports 22 Pct Holiday Drop
Department Stores Continue Slide As Nordstrom Reports 22 Pct Holiday Drop
January 13, 2021  |  Earnings

Showing the continued struggles of retail stores in the pandemic era, Nordstrom reported a 22 percent net sales decline for the nine-week holiday period that...

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Nordstrom Beats, But Rack Disappoints
Nordstrom Beats, But Rack Disappoints
November 10, 2017  |  Earnings

It wasn’t all bad news when Nordstrom reported its Q3 earnings yesterday. In fact, the embattled retailer turned in a beat on both earnings and...

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