) announced plans to open 2 new Nordstrom Rack stores, one at The
Maxwell in Chicago, Ill. in 2014 and the other at The Markets at
Town Center in Jacksonville, Fla. by fall 2013.
Further bolstering the company's already strong presence in the
Chicago region, the company's new Rack store will occupy a street
level 36,500 square feet space in the 230,000 square feet Maxwell
Center. The center is located in the South Loop neighborhood of
Chicago, north of the intersection of Canal Street and Roosevelt
Road. The new store, besides being adjacent to Roosevelt Road, is
a two mile run south of the company's existing State Street Rack
Nordstrom has enjoyed tremendous customer loyalty ever since it
stepped into the Chicago area in 1991, where it opened its 1st
full-line store in Oakbrook Center. Since then, the company has
significantly augmented its presence in the region to currently
operate about 4 full-line and 7 Rack stores.
Further, Nordstrom's new Rack store in Fla. at The Markets at
Town Center will add to the company's 9 full-line and 8 Rack
stores operating in the state. The new Rack store will enclose
about 35,000 square feet space hybrid retail, dining, and
entertainment center located at Gate Parkway and Town Center
Parkway just off I-295 / J. Turner Butler Boulevard. The Rack
store is located opposite Nordstrom's recently announced
full-line store at St. Johns Town Center, which is expected to
open by fall 2014.
The new Rack store will join a mix of vibrant retailers and
restaurant chains in the mall, including REI,
Ulta Salon, Cosmetics & Fragrance Inc.
Best Buy Co. Inc.
West Marine Inc.
), Brio, Black Finn, Whiskey River, Suite and a variety of
Nordstrom's Rack stores generally offer merchandise from
Nordstrom stores and Nordstrom.com at a significantly reduced
price to customers. Products at these stores are sold with
discounts of roughly 50% to 60% from the original Nordstrom tags.
Nordstrom Rack also carries a vast assortment of branded apparel,
accessories and shoes that are available at Nordstrom stores, and
are offered to customers at a discount of about 30% - 70%.
Nordstrom's latest store openings signify the company's
commitment to strengthen its network with the aim of driving
top-line growth. As of Mar 8, 2013, Nordstrom operated 240
stores, including 117 Nordstrom full-line stores, 119 Nordstrom
Racks, 2 Jeffrey boutiques, 1 treasure&bond store and 1
clearance store. Nordstrom currently maintains a Zacks Rank #4
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