(Boursier.com) – Nordstrom could split Nordstrom Rack, its low-cost store subsidiary. The US group is consulting AlixPartners to examine the various options available, according to ‘Bloomberg’ sources. Nordstrom is “not at all happy” with the takeover of Nordstrom Rack, which would not offer enough premium brands and offer more products for less than its customers would like, chief executive Erik Nordstrom said at of the conference call following the presentation of the firm’s quarterly results last month. In response, the retailer hired outside consultants to help improve Nordstrom Rack’s performance and increase profitability, the leader said.
Several large American chain stores are reviewing their business models, upset by the coronavirus pandemic. Macy’s, for example, enlisted AlixPartners for help in evaluating its online operations at the behest of activist shareholder Jana Partners, while rival department store chain Saks Fifth Avenue decided to split its online business, Saks Off. 5th.
© 2021 Boursier.com