Going ahead with its store expansion strategy,
) announced its plans to open two Nordstrom Rack stores in
Summerlin, NV and Westwood, MA.
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Located at The Shops at Summerlin, the first 36,000 square foot
Nordstrom Rack store is scheduled to open by the fall of 2014.
The Shops at Summerlin boasts nearly 125 shops and restaurants
This is the second Nordstrom Rack in the Las Vegas area.
Currently, the company operates a full-line store at Fashion Show
Mall and a Nordstrom Rack at Stephanie Street Center in the Las
The second Nordstrom Rack store slated to open is located at
University Station in Westwood and covers 35,000 square feet. It
will likely open by the spring of 2015. University Station is a
retail, office, residential and hotel destination in Greater
Boston spanning 2 million square feet. It boasts the presence of
eminent retailers such as
In 2007, Nordstrom first arrived in Greater Boston with its
full-line store at Natick Mall. Since then, the company has
opened three more full-line stores and four Rack stores in the
area. On Sep 12, Nordstrom unveiled a Central Massachusetts Rack
store at The Shoppes at Blackstone Valley in Millbury.
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. Nordstrom's focus on store expansion is evident
from the series of Rack store openings since the beginning of
fiscal 2013. So far, the company has announced its plans to open
more than 10 Rack stores in locations such as Riverside County,
CA, Webster, TX; Brooklyn, NY; Skokie, IL and West Palm Beach,
Nordstrom targets to double the number of Rack stores to more
than 230 by 2016, with roughly 24 openings in 2013 and more than
30 in 2014. Currently, the company plans to open 12 more Rack
stores during the remainder of 2013.
As of Sep 17, 2013, Nordstrom operated 252 stores, including 117
Nordstrom full-line stores, 132 Nordstrom Racks, 2 Jeffrey
boutiques and 1 clearance outlet.
Seattle-based Nordstrom currently carries a Zacks Rank #3