SEATTLE, Jan. 30,
2024 /PRNewswire/ -- Seattle-based fashion retailer Nordstrom, Inc.
(NYSE: JWN) announced plans to open two new Nordstrom Rack stores in North Carolina. The new stores will be located
in Raleigh and Matthews, which will open in fall 2024 and
spring 2025, respectively.
"We look forward to being a part of the Raleigh and Matthews communities and serving our customers
with an amazing offering of great brands at great prices," said
Gemma Lionello, President of
Nordstrom Rack Stores. "We're
excited to grow our footprint in these regions and introduce new
customers to the Nordstrom experience."
Lionello added that in these new locations, "customers will be
able to take advantage of our convenient services such as online
order pick up from both Nordstrom.com and NordstromRack.com, and
they can make returns easily."
Raleigh, N.C.
The 32,000-square-foot store will be located in Triangle Town
Place, a popular shopping center that includes Dick's Sporting
Goods and DSW. Triangle Town Place is owned and managed by Global
Net Lease, Inc. (NYSE: GNL) and is located off of Capital
Blvd, across from Triangle Town Center with easy access to
I-540.
"Nordstrom Rack is a welcome
addition to Triangle Town Place and further enhances the center's
position as a preeminent shopping destination in Northeast Raleigh," said Michael Weil, CEO of Global Net Lease, Inc.
Matthews, N.C.
The 25,000-square-foot store will be located in Sycamore Commons, a
popular shopping center that includes Costco, Dick's Sporting
Goods, Best Buy, Michael's, and Ulta. Sycamore Commons is owned and
managed by InvenTrust Properties and is located off of
US-74/Independence Boulevard and Northeast Parkway.
"Nordstrom Rack perfectly fits
our mission to offer customers the ultimate retail experience with
top-notch quality, great value, and excellent service," said
Ken Wygle, Vice President of Leasing
at InvenTrust Properties. "We are thrilled to welcome them to our
shopping center, as they will enhance our diverse range of
retailers."
Nordstrom Rack is the off-price retail division
of Nordstrom, Inc. and plays a critical role in the
company's Closer to You strategy, which focuses on delivering
customers a more convenient and interconnected experience across
its stores and digital platforms. Nordstrom Rack offers
customers up to 70 percent off on-trend apparel, accessories,
beauty, home and shoes from many of the top brands sold
at Nordstrom stores as well as core services like online
order pickup for Nordstrom.com and NordstromRack.com, easy returns
and alterations at select stores. Nordstrom
Rack is the largest source of new customers to
Nordstrom.
With the addition of these new locations, Nordstrom expands
its physical footprint and economic impact in North Carolina. The company operates two
Nordstrom stores and five Nordstrom
Rack stores in North
Carolina, generating more than 600 jobs statewide.
Nordstrom is committed to investing in the diverse communities
where it operates. Over the past four years, Nordstrom, with
its customers, has donated nearly $2
million in support of its long-term partnership with Big
Brothers Big Sisters of the United
States. These proceeds support the recruitment, training and
engagement of adult mentors and mentorship moments between Bigs and
Littles, including preparing for an interview, learning to tie a
tie and helping with homework.
About Global Net Lease, Inc.
Triangle Town Place is owned by Global Net Lease, Inc. (NYSE: GNL),
a publicly traded real estate investment trust focused on necessity
retail and single tenant net-leased assets in strategic locations
across the United States, Western
and Northern Europe.
About InvenTrust Properties Corp.
InvenTrust Properties Corp. ("we," the "Company," "our," "us," or
"InvenTrust") is a premier Sun Belt, multi-tenant essential retail
REIT that owns, leases, redevelops, acquires and manages
grocery-anchored neighborhood and community centers as well as
high-quality power centers that often have a grocery component. We
pursue our business strategy by acquiring retail properties in Sun
Belt markets, opportunistically disposing of retail properties,
maintaining a flexible capital structure, and enhancing
environmental, social and governance ("ESG") practices and
standards. A trusted, local operator bringing real estate expertise
to its tenant relationships, IVT has built a strong reputation with
market participants across its portfolio.
About Nordstrom
At Nordstrom, Inc. (NYSE: JWN), we exist to help our
customers feel good and look their best. Since starting as a shoe
store in 1901, how to best serve customers has been at the center
of every decision we make. This heritage of service is the
foundation we're building on as we provide convenience and true
connection for our customers. Our digital-first platform enables us
to serve customers when, where and how they want to shop – whether
that's in-store at more than
350 Nordstrom, Nordstrom Local and Nordstrom
Rack locations or digitally through our
Nordstrom and Nordstrom
Rack apps and websites. Through it all, we remain
committed to leaving the world better than we found it.
MEDIA CONTACT:
Lauren Herrin
Nordstrom, Inc.
NordstromPR@Nordstrom.com
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SOURCE Nordstrom, Inc.