Shares of Nordstrom Inc and Gap Inc slumped more than 20% on Wednesday as warnings of product shortages during the crucial holiday season raised fears that the retailers were losing out to ...

A major off-price retailer is expanding its footprint, signaling shifts in discount retail and where value-focused shoppers ...

Nordstrom is aggressively expanding Rack, its discount retail concept. Nineteen Rack stores opened in 2023, and another 22 or so openings are expected in 2024, which should bring the total to about ...

Nordstrom Rack in Huntington Station will close this spring after nine years there. The department store, an off-price version of high-end Nordstrom, is at 350 Walt Whitman Rd. in the Huntington ...

Nordstrom does plan to open about 20 Rack stores in 2023, which will bring its total to about 260 stores. We estimate Nordstrom’s yearly capital expenditures will average about $600 million (3.8% of ...