With its store expansion in full swing,
) announced its latest plans to introduce one Nordstrom Rack store
each in New Jersey and Virginia.
Located at Rockaway Commons in Rockaway, the store will mark the
company's fifth Nordstrom Rack store in New Jersey. The store which
is scheduled to open in fall 2015 will cover an area of
Situated on the south side of Interstate 80 between State
Highway 15 and Mt. Hope Ave, Rockaway Commons is owned and managed
by Washington Prime Group. Its pre-existing retail and lifestyle
Macy's Inc. (
), J. C. Penney Co. Inc. (
), Lord & Taylor and Sears Holdings Corp. (
The company currently operates two Rack stores in the state in
Cherry Hill at Towne Place at Garden State Park and in Paramus at
Bergen Town Center. Nordstrom is set to open its third Rack store
in the state on Oct 8, 2014 at Livingston Center in Livingston, and
a fourth one is scheduled to follow in spring 2015 at Mercer Mall
in Princeton. Apart from these, the company also operates five
full-line stores in the state.
The new Nordstrom Rack store in Virginia will be located at
Springfield Town Center in Springfield and is scheduled to open in
spring 2015. The approximately 33,000-square-foot store will mark
the company's sixth outlet in the state. The Springfield Town
Center is situated at the intersection of I-95, I-395 and the
Nordstrom Rack, being the off-price retail segment of the
company, offers fashion-savvy customers with a wide range of
on-trend apparel, footwear and other accessories at discounted
prices. These Racks usually keep items from the main Nordstrom
stores and its online store Nordstrom.com. Alongside these, the
stores stack products bought from other big brands sold by the
Nordstrom's focus on store expansion is evident from the series
of Rack store openings since the beginning of fiscal 2014. Its
latest store openings signify the company's commitment toward
strengthening its network with the aim of driving top-line
During first half of the fiscal 2014, the company opened 11 new
Rack stores, expanding the total company store count to 271 from
248 at the end of second quarter of fiscal 2013. For fiscal 2014,
this Zacks Rank #3 (Hold) company plans to further expand its store
base by opening 16 stores in the remaining period.
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