Apart from expanding its store base,
) growth strategy focuses on improving the shopping experience at
its existing stores through expansion, revamp and relocation. In
one such move, the company announced its plans to relocate its
full-line store at Westfield UTC in San Diego, CA, to a larger
two-level space within the advanced wing of the same mall.
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Westfield UTC, popularly known as University Towne Center (UTC),
is a shopping mall in the University City community of San Diego,
CA. Located just east of La Jolla, near the University of
California, San Diego campus, the mall is owned by the Westfield
Moving westwards in the mall next to Genesee Avenue, the new
Nordstrom store will expand the floor area from the existing
130,000 square feet to nearly 145,000 square feet. At its
existing location in the mall, Nordstrom competes with retailers
Sears Holdings Corp.
), while the latest wing is expected to house a number of new
specialty shops, restaurants, entertainment, sustainable design
features and family-friendly amenities.
While the new refurbished full-line store is expected to open
doors to public in 2017, the company will continue to operate
from its existing location in the mall.
The interior of the relocated Nordstrom store will integrate the
company's modern store designing concepts, created with the
intention of enhancing the customers' shopping experience.
Nordstrom had come to the Westfield UTC three decades back in
Additionally, the company serves the La Jolla and the greater San
Diego communities through three full-line stores operational at
Fashion Valley in the greater San Diego area, Westfield Horton
Plaza in San Diego and Westfield North County in Escondido. Apart
from full-line stores, the company operates 4 Rack stores in the
region including stores at Carmel Mountain Plaza and Westfield
Mission Valley in San Diego, Westfield Plaza Bonita in National
City and Grand Plaza in San Marcos.
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
(Sell). Another apparel, shoe retailer worth considering is
American Apparel Inc.
), which carries a Zacks Rank #2 (Buy).