Nordstrom to phase out HauteLook and shift flash sales to Rack
February 5, 2021
Nordstrom announced it would phase out its HauteLook flash sales business and transfer that function to its off-price Nordstrom Rack business. The department store retailer also forecast sales growth of 25 percent over the next fiscal year compared to the current one. It expects to maintain low single digit annual growth thereafter.
Recent News
Alaska Airlines Resumes Flights After Ground Stop
As a precautionary measure to resolve an issue that arose during a system upgrade, Alaska Airlines requested a ground stop, which lasted about an hour.
Google Announces More Layoffs and Roles Moving Overseas
Google has made significant changes to its workforce, laying off employees and shifting some jobs overseas as part of a large-scale restructuring.
Peloton Ends Free App Access Amidst Subscriber Struggles
Peloton has ended its unlimited free app membership, less than a year after its introduction.
Eli Lilly’s Weight Loss Drug Can Help With Sleep Apnea
Tirzepatide reduced sleep apnea by upwards of two-thirds in adults.