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Nordstrom Focuses On Off-Price Rack Brand and E-Commerce

Luxury Retailer Says Its New Model Is Less 'Capital Intensive'
Nordstrom has turned its Nordstrom Rack location at the Gateway Center in New York City into a new "hybrid" store, which includes less pricey stock than a traditional Rack store. (CoStar)
Nordstrom has turned its Nordstrom Rack location at the Gateway Center in New York City into a new "hybrid" store, which includes less pricey stock than a traditional Rack store. (CoStar)
By Clare Kennedy
CoStar News
February 5, 2021 | 2:55 AM

The future is discount and digital for Nordstrom, one of the few legacy department store companies to avoid filing for bankruptcy protection during the coronavirus pandemic.

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