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4-Traders Homepage  >  Equities  >  Nyse  >  Nordstrom, Inc.    JWN

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Nordstrom, Inc. : Nordstrom Rack To Open In Naples, FL.

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01/09/2013 | 07:05pm CET

SEATTLE, Jan. 9, 2013 /PRNewswire/ -- Seattle-based Nordstrom, Inc., (NYSE: JWN) announced today plans to open a Nordstrom Rack in Naples, FL at The Mercato. The approximately 30,000-square-foot store is scheduled to open in fall 2013.

Nordstrom Rack is the off-price retail division of Nordstrom, Inc., carrying on-trend merchandise from Nordstrom stores and Nordstrom.com at 50 to 60 percent off original Nordstrom prices. Nordstrom Rack also offers a wide selection of apparel, accessories and shoes from many of the brands carried in Nordstrom stores. These items are purchased specially for Nordstrom Rack, with most at savings of 30 to 70 percent off.

Nordstrom operates nine full-line and eight Rack stores in Florida, including its location at Waterside Shops in Naples. "We're fortunate to have lots of customers living in south Florida and hope this new store will make it more convenient for our Naples customers to shop both our full-line and Rack locations," said Geevy Thomas, president of Nordstrom Rack.

The new Nordstrom Rack will be conveniently located off of US-41 and will be just two miles north of the Nordstrom full-line store at Waterside Shops. The new two-level Rack store will occupy the former Borders book store and will join a vibrant retail and restaurant scene. Nearby stores include Whole Foods, Ulta, Sur La Table, Capital Grille and Blue Martini, among others. Madison Marquette Retail Services owns and manages The Mercato.

"We are extremely proud of our Madison Marquette Florida Leasing Team and the addition of this leading fashion retailer to Mercato. Nordstrom Rack will attract a variety of brand conscious, fashion forward customers and is a perfect fit for the surrounding area's demographics," said Chuck Taylor, Senior Vice President of Leasing of MMRS.

About Madison Marquette Retail Services
MMRS provides a full range of retail real estate services for over 20 million square feet of retail and mixed-use properties throughout the United States. The company specializes in enhancing the value of retail assets through an integrated approach to leasing, property management, marketing and development services. MMRS has offices located in Ft. Lauderdale, Charlotte, San Francisco, Los Angeles, New York, Philadelphia, San Diego, Seattle and Washington, DC. For more information about the company, please visit http://www.madisonmarquette.com.

About Nordstrom
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 240 stores in 31 states, including 117 full-line stores, 119 Nordstrom Racks, two Jeffrey boutiques, one treasure&bond store 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.

MEDIA CONTACTS:
Megan Garvey
Nordstrom, Inc.
(206) 303-3019

Kim Ellis
Madison Marquette Retail Services
(561) 807-1000

(Logo: http://photos.prnewswire.com/prnh/20001011/NORDLOGO)

SOURCE Nordstrom, Inc.

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