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Nordstrom completes acquisition of Trunk Club
26 Aug '14
2 min read
Within a month of its intent to acquire of Trunk Club, a leading personalized clothing service provider for men, NYSE-listed apparel retailer Nordstrom, announced that it has closed the acquisition of Trunk Club.
Nordstrom is of the opinion that this acquisition represents a natural extension of its core business, aligns with its strategic priorities around a relevant customer experience and accelerates entry into this fast-growing market.
Trunk Club offers a full suite of solutions, from day to day ready-to-wear basics to high-end custom garments.
Customers can seamlessly experience the service across the web, mobile and in-store, with showrooms in Chicago, Dallas and Washington DC, with a fourth opening in Los Angeles next month.
Trunk Club's 250 personal stylists build true, one-to-one relationships with their members to understand their lifestyles and styling preferences before hand-selecting merchandise that is then shipped to the customer.
Customers keep what they like and return the rest for free. There is no membership fee, no obligations and no commitments.
“The men's market is one of the fastest growing and most rapidly changing segments in retail, and Trunk Club has created a unique approach to capture the imagination of an under-served customer,” Nordstrom said.
The retailer added, “They deliver a stylist service that combines the convenience of online with a high-touch, personalized shopping experience.”
Trunk Club will continue to operate independently and focus on its core business while leveraging Nordstrom's capabilities and resources to scale its business and will be managed by its current leadership team and remain headquartered in Chicago.
Nordstrom is of the opinion that this acquisition represents a natural extension of its core business, aligns with its strategic priorities around a relevant customer experience and accelerates entry into this fast-growing market.
Trunk Club offers a full suite of solutions, from day to day ready-to-wear basics to high-end custom garments.
Customers can seamlessly experience the service across the web, mobile and in-store, with showrooms in Chicago, Dallas and Washington DC, with a fourth opening in Los Angeles next month.
Trunk Club's 250 personal stylists build true, one-to-one relationships with their members to understand their lifestyles and styling preferences before hand-selecting merchandise that is then shipped to the customer.
Customers keep what they like and return the rest for free. There is no membership fee, no obligations and no commitments.
“The men's market is one of the fastest growing and most rapidly changing segments in retail, and Trunk Club has created a unique approach to capture the imagination of an under-served customer,” Nordstrom said.
The retailer added, “They deliver a stylist service that combines the convenience of online with a high-touch, personalized shopping experience.”
Trunk Club will continue to operate independently and focus on its core business while leveraging Nordstrom's capabilities and resources to scale its business and will be managed by its current leadership team and remain headquartered in Chicago.
Fibre2fashion News Desk - India
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