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Nordstrom May Cut 'Rack' Loose on Advice of Turnaround Consultant

Retailer's Discount Chain Accounts for More Than Two-Thirds of Its Store Portfolio
Sales at full-price Nordstrom stores returned to 2019 levels this past quarter, but sales at Nordstrom Rack, the company's off-price chain, have not yet recovered from the pandemic. (CoStar)
Sales at full-price Nordstrom stores returned to 2019 levels this past quarter, but sales at Nordstrom Rack, the company's off-price chain, have not yet recovered from the pandemic. (CoStar)
By Clare Kennedy
CoStar News
December 22, 2021 | 1:55 AM

Luxury retailer Nordstrom Inc. may be mulling a spinoff of its discount chain, Nordstrom Rack, which accounts for a big chunk of its real estate portfolio.

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