Seattle-based Nordstrom Inc announced the closing on March 23, 2011 of its acquisition of HauteLook, Inc., a leader in the online private sale marketplace. The Company previously announced its proposed acquisition of HauteLook by press release on February 17, 2011.
The acquisition will enable Nordstrom to participate in the fast-growing private sale marketplace and provide a platform to increase innovation and speed in the way it serves customers in all channels.
Nordstrom, Inc. is one of the nation's leading fashion specialty retailers, with 207 stores located in 28 states. Founded in 1901 as a shoe store in Seattle, today Nordstrom operates 115 full-line stores, 89 Nordstrom Racks, two Jeffrey boutiques and one clearance store.
Nordstrom serves customers through its online presence at Nordstrom.com and through its catalogs. Nordstrom also operates in the online private sale marketplace through its subsidiary HauteLook. Nordstrom, Inc.'s common stock is publicly traded on the NYSE under the symbol JWN.
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