Nordstrom is still aggressively expanding discount concept Rack
/The most promising aspect of the marriage between Nordstrom and Mexican department store chain El Puerto de Liverpool is likely to result in a considerable market-driven expansion of Nordstrom Rack, a formidable competitor to discount fashion apparel chain TJMaxx.
The partnership that will take Nordstrom private won’t close until sometime late spring or early summer 2025 but the Nordstrom family-run chain has been aggressively opening Rack stores as the discount sector continues to experience demand while department stores in the U.S. continue to struggle.
Nordstrom opened 23 Nordstrom Rack stores in fiscal year 2024 and plans to open an additional 21 locations in 2025. Will we see an accelerated expansion of the Rack chain in 2026? I think so.
According to the latest reports, Nordstrom operates 277 Nordstrom Rack stores. For comparison, The TJX Companies, Inc. operates 1,333 TJMaxx locations and 1,230 MARSHALLS LLC locations in the U.S. alone.
Read more: Nordstrom doubles down on expansion of discount brand for future growth