In keeping with its ongoing store expansion strategy,
) announced plans to open a new Nordstrom Rack store at Mountain
Grove in Redlands, CA.
This new Rack store, spread over roughly 35,000 square-feet and
slated to open its doors in spring 2015, will mark the company's
7th Rack store within the Inland Empire. The company already
operates two full-line stores in the region at The Galleria at
Tyler in Riverside and at Montclair Plaza. Additionally, the
company recently inaugurated a new Rack store at Riverside Plaza
on Apr 3. Majestic Realty Co. is the proud owner and operator of
the Mountain Grove project.
Mountain Grove is situated adjacent to Citrus Plaza in the
northwest corner of the center off the 210 and 10 freeways. The
mall complements the already in place Citrus Plaza housing
popular retailers like
The TJX Companies Inc.
) operating its T.J.Maxx and HomeGoods stores,
Bed Bath & Beyond Inc.
) with its buybuy BABY stores, and
) coming up in the first phase of the project. On the other hand,
Citrus Plaza that opened in 2004 harbors several retailers
including Target, Kohl's and Bed Bath & Beyond.
The announcement of this new Rack store follows the company's Apr
8th announcement to open a Nordstrom Rack store in Bakersfield,
CA. This new rack store slated to open its doors in spring 2015,
will mark the company's debut in Bakersfield. The project,
developed by Castle & Cooke, Inc., will be an integral part
of the popular hub in the region, titled 'The Shops at River
Nordstrom Rack, 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. The Rack stores usually keep items from the
main Nordstrom stores and the online website, www.Nordstrom.com.
Alongside, these stores stack products bought from other big
brands as well.
Nordstrom's latest store openings signify its commitment to
strengthen the retail network to drive 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
today, the company operates 267 outlets across 36 states, with
147 Nordstrom Racks, 117 full-line stores, 2 Jeffrey boutiques
and 1 clearance outlet.
Currently, this Seattle-based company carries a Zacks Rank #4
BED BATH&BEYOND (BBBY): Free Stock Analysis
NORDSTROM INC (JWN): Free Stock Analysis
TJX COS INC NEW (TJX): Free Stock Analysis
TILLYS INC (TLYS): Free Stock Analysis Report
To read this article on Zacks.com click here.