About Nordstrom Rack
Nordstrom, Inc. is an American upscale fashion retailer, founded by John W. Nordstrom and Carl F. Wallin and headquartered in Seattle, Washington. The company began as a shoe retailer and has since expanded its inventory to include clothing, accessories, handbags, jewelry, cosmetics, and fragrances. Select Nordstrom stores also have wedding and home furnishing departments. There are 296 stores operating in 38 states, which includes 118 full-line stores and 178 Nordstrom Racks. Nordstrom also serves customers through Nordstrom.com, the newly developed e-commerce site nordstromrack.com, and its online private sale site, HauteLook. In addition, Nordstrom operates one clearance store, along with two Jeffrey boutiques. Nordstrom, Inc.'s common stock is publicly traded on the NYSE under the symbol JWN. The company announced plans to open six stores in Canada beginning in 2014, as well as its first namesake in New York City in 2018. Nationally, Nordstrom competes with luxury retailers Bloomingdale's, Lord & Taylor, Neiman Marcus, and Saks Fifth Avenue, as well as middle class retailers such as Macy's, Von Maur, Dillard's and Belk. Of its luxury retail competitors, Nordstrom has both the largest number of store locations and the largest geographic footprint, and its stores anchor many upscale malls throughout the United States.