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  • 11.11.16

In two years, Trunk Club has lost nearly $200 M in value 

 Nordstrom bought  Trunk Club in 2014 for $350 million, but in its third-quarter earnings release, it announced that it was taking a $197 million write-down on the service. It is now worth just over $150 million. 

Trunk Club is a service that allows customers to consult with a stylist and receive a box of high-end clothing and accessories. It also has six brick-and-mortar locations for in-person styling. 

According to the release, Trunk Club is continuing to deliver top-line growth, but now projects lower growth and profitability than originally expected. 

[Image via Trunk Club]ES