Nordstrom Rack is an American off-price department store chain founded in 1973. It is a sister brand to the luxury department store chain Nordstrom. As of 2023, Nordstrom Rack operates 348 stores in 41 U.S. states. From Wikipedia
The retailer exceeded revenue expectations with a 4.6% sales increase, but higher costs and slowing late-quarter demand weighed on net earnings.
