What happened to HauteLook website?
The Hautelook brand will be phased out by Nordstrom. Shutterstock. The retailer, which acquired the off-price site for $270 million in 2011 at the height of the flash sales boom, said in a presentation to investors on Thursday that it would “sunset” the brand as it focuses on Nordstrom Rack.
What happened to Nordstrom HauteLook?
Nordstrom Inc. is phasing out the HauteLook brand it bought years ago and will move flash sales into its Nordstrom Rack discount store, the latest attempt to streamline the department-store chain.
Is HauteLook part of Nordstrom?
Nordstrom will acquire HauteLook for $180 million in Nordstrom stock with a portion subject to ongoing vesting requirements. In addition, the transaction includes a three-year earn-out of up to $90 million in Nordstrom stock subject to company performance and vesting requirements for the existing management team.
Did Nordstrom sell HauteLook?
The company acquired HauteLook for $270 million in 2011, and the founder, Adam Bernhard, stepped down as the business's CEO in 2013. ...
Is HauteLook going away?
Nordstrom Inc. is phasing out the HauteLook brand it bought years ago and will move flash sales into its Nordstrom Rack discount store, the latest attempt to streamline the department-store chain.
Is HauteLook the same as Nordstrom Rack?
What happened to HauteLook? In 2021, Nordstrom closed the HauteLook brand. All of the brands and events previously hosted by HauteLook are now available on nordstromrack.com and the Nordstrom Rack app. Please visit our HauteLook FAQ page for more information.
What is HauteLook website?
www.hautelook.com. HauteLook is a member-only shopping website offering flash-sales and limited-time sale events featuring women's and men's fashion, jewelry and accessories, beauty products, kid's clothing and toys, and home décor.
What are Nordstrom sister stores?
The Company's operations consist of its Nordstrom United States and Canada full-line stores, the United States and Canada Nordstrom Rack stores, Jeffrey boutiques, Last Chance clearance stores, Trunk Club clubhouses and Nordstrom Local.