Nordstrom Rack to Open First Store in North Carolina
November 23 2009 - 12:00PM
PR Newswire (US)
SEATTLE, Nov. 23 /PRNewswire-FirstCall/ -- Seattle-based Nordstrom,
Inc. (NYSE:JWN) announced plans to open its first Nordstrom Rack in
North Carolina. The new 33,000-square-foot store will be located at
Renaissance Center in Durham. The store is expected to open in fall
2010. Nordstrom Rack, a unit of the company's off-price retail
division, carries merchandise from Nordstrom stores and
Nordstrom.com at 50-60% off original Nordstrom prices. Nordstrom
Rack also offers a wide selection of apparel, accessories and shoes
from many of the brands carried in Nordstrom stores and purchased
specially for Nordstrom Rack, with most at savings of 30-70% off.
The Nordstrom Rack store will be located between Cost Plus World
Market and Pier 1 Imports, and will join other retailers at
Renaissance Center such as REI, Old Navy, Babies"R"Us and Best Buy.
The center is located across the road from The Streets of
Southpoint mall, where Nordstrom has operated a full-line store
since 2002. Renaissance Center is owned and managed by CBL &
Associates Properties, Inc. (NYSE:CBL). "We are excited about this
opportunity to open a Nordstrom Rack in the Raleigh/Durham area and
provide our customers with another way to shop with us," said Scott
Meden, president of Nordstrom Rack. "Renaissance Center is a
convenient, easily-accessible shopping destination with an
outstanding mix of retailers. This is a great location for our
first Nordstrom Rack in North Carolina." "We are pleased to
announce the addition of another terrific shopping option to our
community center in Durham," said Jan Wills, vice president -
leasing for CBL & Associates Properties, Inc. "Nordstrom Rack
is a great shopping destination that will truly complement the
attractive retailer lineup at Renaissance Center. We are excited to
continue to deliver on our goal of enhancing our shopping
properties." Nordstrom, Inc. is one of the nation's leading fashion
specialty retailers, with 184 stores located in 28 states. Founded
in 1901 as a shoe store in Seattle, today Nordstrom operates 112
full-line stores, 69 Nordstrom Racks, two Jeffrey boutiques and one
clearance store. Nordstrom also serves customers through its online
presence at http://www.nordstrom.com/ and through its catalogs.
Nordstrom, Inc. is publicly traded on the NYSE under the symbol
JWN. CBL & Associates Properties, Inc. is one of the largest
and most active owners and developers of malls and shopping centers
in the United States. CBL owns, holds interests in or manages 163
properties, including 88 regional malls/open-air centers. The
properties are located in 27 states and total 87.8 million square
feet including 3.0 million square feet of non-owned shopping
centers managed for third parties. CBL currently has one project
under construction totaling 500,000 square feet, The Pavilion at
Port Orange in Port Orange, FL. Headquartered in Chattanooga, TN,
CBL has regional offices in Boston (Waltham), MA, Dallas (Irving),
TX, and St. Louis, MO. Additional information can be found at
cblproperties.com. MEDIA CONTACTS: Colin Johnson Nordstrom, Inc.
(206) 373-3036 Katie Reinsmidt CBL & Associates Properties,
Inc. (423) 490-8301 (Logo:
http://www.newscom.com/cgi-bin/prnh/20001011/NORDLOGO)
http://www.newscom.com/cgi-bin/prnh/20001011/NORDLOGO
http://photoarchive.ap.org/ DATASOURCE: Nordstrom, Inc. CONTACT:
Colin Johnson of Nordstrom, Inc., +1-206-373-3036; or Katie
Reinsmidt of CBL & Associates Properties, Inc., +1-423-490-8301
Web Site: http://nordstrom.com/
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