- December 22, 2021
- Posted by: Stratford Team
- Category: Business
Dive Brief:
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Nordstrom has hired consulting firm AlixPartners to explore a spinoff of its off-price Rack business, Bloomberg reports, citing unnamed sources. Nordstrom and AlixPartners each declined to comment to Retail Dive.
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CEO Erik Nordstrom last month told analysts the company had hired “external consultants with function-specific expertise across three key areas: improving Nordstrom Rack performance, increasing profitability, and optimizing our supply chain and inventory flow.”
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AlixPartners helped Saks Fifth Avenue spin off its e-commerce business earlier this year and was hired by Macy’s last month to look into growth opportunities.
Dive Insight:
Breaking off its off-price business into a separate entity would be a remarkable reversal of Nordstrom’s efforts in recent years to weave its full-line, Rack, Local and e-commerce operations together — a seamless customer experience across channels and brands…
