What: Nordstrom is expanding its Nordstrom Rack off-price stores in the United States.

Why it is important: This expansion is part of Nordstrom's strategy to cater to budget-conscious consumers, with plans to create over 4,000 jobs through its existing and new Rack locations.

The new locations are planned in Houston, Texas; Omaha, Nebraska; Noblesville, Indiana; and Franklin, Tennessee, and set to open in the fall of 2024.

The stores range from 24,000 to 34,000 square feet and will offer convenient services such as online order pickup and easy returns. Nordstrom's commitment to growing its off-price business is evident, as it continues to invest in brick-and-mortar locations even amid sales challenges. The company's push into new markets like Omaha, where it lacks a presence, highlights its determination to capture a broader consumer base.

Nordstrom plans to open new Rack locations in 4 states next fall