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Nordstrom sees growth potential in off-price stores

Nordstrom sees growth potential in off-price stores

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Home › News › Nordstrom sees growth potential in off-price stores

Nordstrom plans to open 20 off-price Nordstrom Rack stores this year and aims to grow the chain further in the coming years, betting that a renewed focus on stocking the stores with recognizable brands will be key to future growth. Rack stores have proven instrumental in drawing younger aspirational shoppers with less disposable income who later move up to the retailer’s full-line department stores. CNBC

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