In keeping with its store expansion strategy,
) plans to open a new Nordstrom rack store each in Queens, New
York and Brandon, Florida.
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The 39,000 square-feet store in New York, which is slated to open
doors by the fall of 2014, will mark the company's first store in
Queens. The project will be taken care of by Onex Real Estate
Partners. This two-floor outlet will be a part of the dynamic
700,000 square-feet shopping mall, The Shops at SkyView Center.
This mall situated centrally in Queens, across Long Island Rail
Road, harbors many other retailers including
Bed Bath & Beyond Inc.
Best Buy Co., Inc.
), Old Navy and few more. In spring 2014, the company plans to
open its first Nordstrom rack store in Brooklyn, on Fulton
Street. Further, it is set to open its second Brooklyn store in
fall, at the Gateway Center.
The 32,700 square-feet store in Florida, expected to open in fall
2014, will mark the third Nordstrom Rack outlet in the greater
Tampa area, with the first one being situated at Walters Crossing
since 2010. Also since 2001, the company has been operating a
full-line outlet in International Plaza, a shopping mall in
This new store in Florida will be part of the 440,442 square-feet
shopping centre, Lake Brandon Plaza, across Interstate 75 in
Brandon. This latest addition is expected to draw traffic to the
Nordstrom Rack, being the off-price retail segment of the
company, caters to stylish and trend-savvy customers. It stocks a
broad range of fashionable apparel, footwear and other
accessories at discounted prices. These Racks usually keep items
from the main Nordstrom stores and the online shopping website,
www.Nordstrom.com. Alongside, these stores stack products, bought
from other big brands and sold at the company.
Nordstrom's latest store openings signify the company's
commitment to strengthen its network with the aim of driving
top-line growth. Nordstrom's focus on store expansion is evident
from the series of Rack store openings since the beginning of
fiscal 2013. As of Jan 7, 2014, the company operated 261 outlets
across 35 states, with 141 Nordstrom Racks, 117 full-line stores,
2 Jeffrey boutiques and 1 clearance outlet.
Currently, this Seattle-based company carries a Zacks Rank #3