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

Delayed Quote. Delayed  - 09/23 10:03:33 pm
51.57 USD   +2.14%
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Nordstrom, Inc. : Nordstrom Rack to Open at Warwick Mall in Rhode Island

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12/28/2011 | 04:20pm CEST

SEATTLE, Dec. 28, 2011 /PRNewswire/ -- Seattle-based Nordstrom, Inc. (NYSE: JWN) announced today plans to open a new Nordstrom Rack in Warwick, R.I., located just outside of Providence. The new 37,360 square-foot store is scheduled to open during fall 2012 in a newly developed wing at Warwick Mall.

Nordstrom Rack is the off-price retail division of Nordstrom, Inc., and carries on-trend merchandise from Nordstrom stores and Nordstrom.com at 50-60% 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 purchased specially for Nordstrom Rack, with most at savings of 30-70% off.

The new Nordstrom Rack will be part of a strong retail mix including Macy's, JC Penney, Target, OFF Broadway Shoes, Old Navy, Jordan's Furniture and Sports Authority. Warwick Mall, LLC is the owner and manager of the center.

This will be the first Nordstrom Rack in Rhode Island. In addition, the retailer operates a full-line Nordstrom store at Providence Place in downtown Providence, just eight miles north of the new Rack location.

"We've been serving customers in Rhode Island for over a decade at our Providence Place full-line store and we're thrilled to have the opportunity to better serve them with a Nordstrom Rack," said Geevy Thomas, president of Nordstrom Rack. "We're looking forward to next fall when we can open our doors and start helping more customers."

"The addition of Nordstrom Rack continues our plan to offer customers a first class shopping and entertainment destination and provides a great opportunity for shoppers to experience the many great retailers that Warwick Mall has to offer," said Aram G. Garabedian, Co-Managing Partner, Warwick Mall, LLC.

About Warwick Mall

Warwick Mall is Rhode Island's premier destination for a variety of shopping, dining and entertainment options. The mall features over 80 newly designed retail locations, 12 restaurants and a 12-screen Showcase Cinema. A recently, fully renovated public concourse provides a beautiful and comfortable shopping experience. The mall is located at the crossroads of all major highways including interstate 95,295 and RI Route 2 and Route 5. The highway access and ample free parking provides shoppers a convenient shopping experience.

About Nordstrom

Nordstrom, Inc. is one of the nation's leading fashion specialty retailers. Founded in 1901 as a shoe store in Seattle, today Nordstrom operates 225 stores in 30 states, including 117 full-line stores, 104 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 Haute Look. Nordstrom, Inc.'s common stock is publicly traded on the NYSE under the symbol JWN.

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

MEDIA CONTACT:
Kendall Ault
Nordstrom, Inc.
(206) 303-3019

SOURCE Nordstrom, Inc.

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