Nordstorm Rack's president to retire in March

After staying with Nordstrom for approximately 30 years Karen McKibbin has decided to retire from the company. After acting as president of Nordstrom Rack, McKibbin will officially leave her role this March.

She first started at Nordstrom in 1985 and has since worked as president of Nordstrom Canada and held other leadership roles at the company. In her role, she held lead the firs international expansion of Nordstrom's full line stores. "We are indebted to Karen for the many contributions she's made over her more than 30-year career with Nordstrom," Blake Nordstrom, co-president of Nordstrom, Inc., said in a statement. "During her long tenure, Karen brought great depth of experience to her various roles including president of Canada, president of Nordstrom Rack, and a member of the Executive Team. Her leadership will be missed across the company and we wish her all the best in her next endeavor."

McKibbin did not state what's next for her in terms of career. As she is choosing to retire from the company, it seems likely that she may be taking a break indefinitely from the fashion world. "I feel fortunate to be part of this company and to have built a career from which I garnered so much personal and professional fulfillment. I have a great passion for the team and the business," Karen McKibbin said in a press release. "Nordstrom has a strong legacy that I've been honored to be part of. It is an incredible brand that will continue to evolve— fueled by the best talent in the business."

Nordstrom, founded in 190, operates 366 stores in 40 stores including 12 full-line stores in the U.S., Canada, and Puerto Rico. The brand also has 232 operating Nordstrom Rack stores and various Nordstrom Local serve concepts. After McKibbin's departure, the company seems to be set to move forward with expansions. Currently, there are no confirmed statements on who will serve as McKibbin's replacement.