Nordstrom to acquire online menswear retailer Trunk Club

Seattle – After weeks of speculation, Nordstrom Inc. has entered into an agreement to buy Trunk Club, a five-year-old e-commerce site offering personalized clothing services for men.

The move aligns two high-service, high-fashion banners and expands Nordstrom’s reach into the fast-growing men’s market.

Trunk Club, led by CEO Brian Spaly, has made its mark by delivering a stylist service combining online convenience with a personalized shopping experience. The free, no-obligation style service offers a full suite of solutions, from day to day ready-to-wear basics to high-end custom garments.

"What Trunk Club is doing in the personal styling space is a natural extension of our core business," Erik Nordstrom, president of Nordstrom Direct, said in a statement. "This acquisition is reflective of how we want to move quickly to evolve with customers by finding more ways to deliver a great shopping experience. One of the pillars of our long-term growth strategy is to integrate the online and offline customer experience, and the personal styling space is a great example of how these two worlds are coming together.”

Trunk Club will continue to operate independently through its website, mobile experience and in-store with showrooms in Chicago, Dallas, Washington, D.C. and, soon, Los Angeles. It will be managed by its current leadership team and remain headquartered in Chicago. Spaly, also the co-founder of trending menswear brand Bonobos, told the New York Times that Trunk Club is “barely profitable,” and expects revenue to just pass $100 million this year.

The deal is expected to close in Nordstrom's third quarter; terms of the transaction have not been disclosed.

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