Nordstrom Rack

Nordstrom Defies Retail Slump With Surprising Quarterly Profit and Strong Revenue Growth 

Nordstrom Defies Retail Slump With Surprising Quarterly Profit and Strong Revenue Growth 
Nordstrom Defies Retail Slump With Surprising Quarterly Profit and Strong Revenue Growth 
June 01, 2023  |  Retail

In the previous quarter, PYMNTS dubbed Nordstrom’s strategy of excessive discounting as the “big blue mistake.” However, on Wednesday (May 31), the retailer has proven...

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Nordstrom Closes San Francisco Stores as Foot Traffic Falls
Nordstrom Closes San Francisco Stores as Foot Traffic Falls
May 04, 2023  |  Retail

Nordstrom is reportedly shuttering two of its San Francisco stores amid declining foot traffic. Get the Full Story Complete the form to unlock this article...

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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. Get the Full Story Complete the form to unlock this article...

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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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