Nordstrom Inc., struggling to stay profitable with its luxury stores, is expanding its better-performing off-price chain, Nordstrom Rack. The company plans to open two more Nordstrom Rack stores on Long Island, in Lake Grove and Holbrook. The existing 280 Racks nationwide include three on Long Island — at The... read full story
"is barely profitable this year. This is a business model that doesn't really work anymore,"