HauteLook

RETAIL ECONOMY
11:55 am
Fri February 18, 2011

Nordstrom acquires upscale online retailer HauteLook.com

Shoppers carry bags past the downtown Seattle Nordstrom store. The company announced on Thursday that it's buying the high-end "flash sale" website HauteLook.
Elaine Thompson AP

Nordstrom has jumped deeper into the luxury online retailing world by acquiring the "flash sale" website HauteLook for $270 million. The Seattle-based chain made the announcement on the heels of a report citing regular-price sales of "historically high levels."

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