Seattle-based Nordstrom, Inc. announced plans to open a Nordstrom Rack at The Greene Town Center in Dayton, Ohio. The approximately 35,000-square-foot store is scheduled to open in fall 2014. The Greene is managed by Olshan Properties, formerly known as MPI, Mall Properties, Inc.
Seattle-based Nordstrom, Inc. announced today plans to open a Nordstrom Rack at the Village at Dublin in Dublin, Calif. The approximately 35,000-square-foot store is scheduled to open in fall 2015. The center is being developed by Regency Centers Corporation (NYSE: REG).
Nordstrom Rack to Open Second Las Vegas Valley Store Location
Seattle-based Nordstrom, Inc. (NYSE: JWN) announced this week that they have plans to open a second Las Vegas area Nordstrom Rack in Summerlin. The approximately 36,000-square-foot store is scheduled to open in fall 2014 at The Shops at Summerlin, a 1.6 million-square-foot mixed-use development of The Howard Hughes Corporation (NYSE: HHC) that will launch the downtown of the acclaimed master planned community.
Nordstrom Rack is the off-price retail division of Nordstrom, Inc., offering customers a wide selection of on-trend apparel, accessories, and shoes at an everyday savings of 30-70 percent off regular prices. The Rack carries merchandise from Nordstrom stores and Nordstrom.com and specially purchased items from many of the top brands sold at Nordstrom.
"We've known for a long time that we wanted to be in Summerlin," said Geevy Thomas, president of Nordstrom Rack. "The Shops at Summerlin is a great fit for the Rack and we're excited about this opportunity to bring our take on the ultimate treasure hunt to customers in the western Las Vegas valley."
Located at the intersection of I-215 and Sahara Avenue, The Shops at Summerlin will serve the entire Las Vegas Valley with over 125 shops and restaurants in an open air-shopping environment. The Rack will join a growing list of retailers and restaurants filling out the development.
Currently, Nordstrom serves customers at two Las Vegas area locations: a full-line store at Fashion Show Mall and a Nordstrom Rack at Stephanie Street Center.
"Nordstrom Rack is a favorite among shoppers in the Las Vegas Valley and will serve as an outstanding addition to The Shops at Summerlin, one of the premier regional retail sites in the U.S.," said Kevin Orrock, president of Summerlin and vice president of master planned communities for The Howard Hughes Corporation. "Retailer response to the project has been tremendous as we work to create an unrivaled shopping, dining and entertainment hub for our Downtown Summerlin."
About The Shops at Summerlin
The Shops at Summerlin, one of the premier regional mixed-use development sites in the U.S., will be part of a planned urban center which will serve the entire Las Vegas Valley with over 125 shops and restaurants in an open-air shopping environment. The 106-acre, 1.6 million-square-foot mixed-use development along the Clark County 215 Beltway is located only 15 minutes from the Las Vegas Strip and Airport. When complete, The Shops at Summerlin will include retail, office and entertainment, designed to create a vibrant, walkable downtown in the heart of the affluent 22,500-acre master planned community. With over 100,000 residents today, the ever-increasing population in the Summerlin master planned community is expected to double to 200,000 when completed.
Nordstrom, Inc. is one of the leading fashion specialty retailers based in the U.S. Founded in 1901 as a shoe store in Seattle, today Nordstrom operates 252 stores in 34 states, including 117 full-line stores, 132 Nordstrom Racks, two Jeffrey boutiques and one clearance store. Nordstrom also serves customers through Nordstrom.com and through its catalogs. Additionally, the company operates in the online private sale marketplace through its subsidiary HauteLook. Nordstrom, Inc.'s common stock is publicly traded on the NYSE under the symbol JWN.
About The Howard Hughes Corporation
The Howard Hughes Corporation owns, manages and develops commercial, residential and mixed-use real estate throughout the U.S. Our properties include master planned communities, operating properties, development opportunities and other unique assets spanning 18 states from New York to Hawai'i. The Howard Hughes Corporation is traded on the New York Stock Exchange as HHC and is headquartered in Dallas, TX. For additional information about HHC, visit www.howardhughes.com.
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Plans were announced this week to expand Nordstrom's partnership with TOPSHOP and TOPMAN by adding 28 TOPSHOP departments and 8 TOPMAN departments across the country starting in late September 2013. The expansion will bring the total number of Nordstrom stores with TOPSHOP and TOPMAN to 42 and 18 respectively. In addition, Nordstrom plans a completely refreshed design for TOPSHOP and TOPMAN departments in new and existing stores.
With new deliveries each week, customers can continually shop trendsetting TOPSHOP apparel, shoes and accessories and TOPMAN apparel and accessories in-store and online, including limited-edition pieces created especially for Nordstrom. An expanded merchandise selection is available at nordstrom.com. The TOPSHOP Make-up collection will launch in select stores and online in late 2012.
Nordstrom Rack To Open In El Paso, Texas
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Nordstrom today announced plans to close its University Mall store in Orem, Utah. Originally opened March 29, 2002, the 122,000-square foot store will close to the public at the end of business on February 24, 2012.
The company will continue to operate at three nearby locations: a full-line store at Fashion Place Mall in Murray, Utah; the Sugar House Rack in Salt Lake City; and the Commons at South Towne Rack in Sandy, Utah. In addition, the company will be opening a new Nordstrom store at City Creek Center in Salt Lake City on March 22, 2012.
Nordstrom to Report Third Quarter 2011 Financial Results
Nordstrom, Inc. (NYSE:JWN) announced today that it will report its third quarter financial results and 2011 outlook after the close of the financial markets on Thursday, November 10, 2011. The announcement will be followed by a conference call at 4:45 p.m. Eastern Standard Time, in which senior management will comment on the company's third quarter financial results and 2011 outlook. The 45-minute conference call will be available by telephone and audio webcast.
To listen to the LIVE conference call on November 10, 2011 at 4:45 p.m. EST:
-- Dial 517-308-9140; Passcode: NORD.
-- Access the audio webcast at http://investor.nordstrom.com.
To listen to the REPLAY:
-- A telephone playback will be available at 203-369-0248, beginning about one hour after the live conference call through the close of business on November 17, 2011. The passcode is 6673.
-- An audio webcast will be available at http://investor.nordstrom.com in the Webcasts section, where it will be archived and available for one year.