SEATTLE, Feb. 6, 2024
/PRNewswire/ -- Seattle-based
fashion retailer Nordstrom, Inc. (NYSE: JWN) announced plans to
open a new Nordstrom
Rack in Geneva,
Illinois in spring 2025.
"We look forward to being a part of the Geneva community 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 the region and introduce new
customers to the Nordstrom experience."
Lionello added that in this location "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."
The 25,000-square-foot store will be located in Randall Square,
a popular shopping center that includes Marshall's, Ulta, Old Navy,
PetSmart and Michael's. Randall
Square is owned and managed by Viking Partners and is
ideally located off of Randall Road and Fabyan Parkway.
"We were elated at the opportunity to add Nordstrom Rack to the retail mix following our
recent acquisition of Randall Square. Nordstrom's presence will add
loads of value for patrons of the already dynamic and diverse
destination shopping center," said Jeff
Sluzala, Director of Asset Management, Viking Partners.
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 this new location, Nordstrom expands
its physical footprint and economic impact in Illinois. The company operates four Nordstrom
stores and 17 Nordstrom Rack stores in Illinois, generating nearly 3,000 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 Viking Partners
Viking Partners is a vertically integrated commercial real
estate platform focused on the acquisition, improvement, and
management of value-add and core-plus real estate. Founded in 2008,
Viking has acquired assets in excess of $1.4
billion representing more than 10 million square feet of
retail, office, industrial/flex, multifamily, development and more.
Viking currently owns and operates a portfolio of direct ownership
and limited partner investments in value-add, core-plus, and
development projects primarily located throughout the Midwest,
Southeast, Southwest, and Mountain West. Viking is actively seeking
investments for our Value-Add Fund V and Income Plus Fund I. For
more information, visit https://www.vikingprt.com/.
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:
Sepeedeh Hashemian
Nordstrom, Inc.
NordstromPR@Nordstrom.com
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SOURCE Nordstrom, Inc.