With its store expansion in full swing,
) announced its latest plans to introduce a Nordstrom Rack store
in Bakersfield, CA.
AMER APPAREL (APP): Free Stock Analysis
BJ'S RESTAURANT (BJRI): Free Stock Analysis
CHESAPEAKE UTIL (CPK): Free Stock Analysis
FOOT LOCKER INC (FL): Free Stock Analysis
NORDSTROM INC (JWN): Free Stock Analysis
TARGET CORP (TGT): Free Stock Analysis Report
To read this article on Zacks.com click here.
This new rack store, spread over roughly 35,000 square-feet and
slated to open its doors in spring 2015, will mark the debut for
the company 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 Walk.'
The Shops at River Walk, is situated left of Calloway Drive on
Stockdale Highway and south of the Westside Parkway. The
mixed-use property, which houses the store, presents an
impressive blend of specialty retail, dining as well as fashion
The first development phase of The Shops at River Walk harbored
several stores like
) and Aveda, alongside restaurants like
California Pizza Kitchen
BJ's Restaurant & Brewery
), P.F. Chang's and Eureka! Burger. The second development phase
will see the opening of Nordstrom Rack along with T.J.Maxx,
Sprouts Farmers Market and many other local and national
retailers, thus enticing more shoppers with various shopping
Although Nordstrom was operational in California, its first
appearance in Bakersfield will add to the convenience of the
customers. Moreover, by catering to customers through a local
store, the company will enhance their shopping experience by
offering them the same brands at discounted prices.
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
(Sell). However, other better-ranked stocks in the same sector
American Apparel, Inc.
Foot Locker, Inc.
), both holding a Zacks Rank #2 (Buy).