) continues with its store expansion strategy by planning to open
a new Nordstrom Rack outlet in Houston by the fall of 2014. The
store covering an area of 38,000 square feet will be located at
the Willowbrook Mall.
This marks Nordstrom's third Rack concept store opening in the
Houston area. In 2003, this leading fashion specialty retailer
opened its full-line store at The Galleria, marking its arrival
in Houston. In 2010, the first Houston Rack store was
opened at Centre at Post Oak. Following this, the company opened
a Rack store at The Market at Town Center in 2011 and recently
announced a full-line store at The Woodlands Mall scheduled to
open on Sep 5, 2014, thus steadily consolidating its position.
Nordstrom is likely to face tough competition from the other
retailers housed in the Willowbrook Mall. The mall features a
host of prominent retailers including
Abercrombie & Fitch Co
Michael Kors Holdings Limited
Bebe Stores, Inc.
Nordstrom's Rack stores generally offer merchandise from
Nordstrom stores, Nordstrom.com and special collections from many
of the renowned brands offered at Nordstrom at a significantly
reduced price to customers. A vast assortment of branded apparel,
accessories and shoes that are available at Nordstrom stores 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 Jul 9, 2013, Nordstrom operated 248
stores, including 117 Nordstrom full-line stores, 127 Nordstrom
Racks, 2 Jeffrey boutiques, 1 treasure&bond store and 1
Seattle-based Nordstrom currently carries a Zacks Rank #3 (Hold).
ABERCROMBIE (ANF): Free Stock Analysis Report
BEBE STORES INC (BEBE): Free Stock Analysis
NORDSTROM INC (JWN): Free Stock Analysis
MICHAEL KORS (KORS): Free Stock Analysis
To read this article on Zacks.com click here.