SEATTLE, Jan. 2, 2013 /PRNewswire/ -- Seattle-based Nordstrom, Inc. (NYSE: JWN)
announced today plans to open a Nordstrom Rack in South Portland, ME. The approximately
30,000-square-foot store is scheduled to open this spring at Maine
Crossing Shopping Center and will be the retailer's first location
in the state.
Nordstrom Rack is the off-price
retail division of Nordstrom, Inc., carrying on-trend merchandise
from Nordstrom stores and Nordstrom.com at 50 to 60 percent 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.
These items are purchased specially for Nordstrom Rack, with most at savings of 30 to 70
percent off.
"We're excited to have the opportunity to open a Nordstrom Rack in South Portland," said Geevy Thomas, president
of Nordstrom Rack. "We've been
looking for ways to better serve our customers living in
Maine who have been making the
drive to visit our Rack stores in Boston and look forward to taking care of them
when we open this spring at Maine Crossing."
Maine Crossing is a 274,000-square-foot open-air shopping center
with excellent accessibility off Interstate 95 and close proximity
to Interstate 295. The new Nordstrom
Rack will join a strong mix of tenants at Maine Crossing
including Target, Bed Bath & Beyond, A.C. Moore and Men's Wearhouse. The new store
will occupy the former Old Navy space.
Issie Shait, Senior Vice
President Property Management of New England Development, said, "We
are extremely pleased to bring the first Nordstrom Rack to Maine and the Portland area. It is a great addition to the
merchant mix at Maine Crossing and our customers will love the
shopping experience."
About New England Development
New England Development
is one of the nation's premier real estate development and
management companies, with more than 50 million square feet of
retail, commercial and residential space to its credit. Founded by
Chairman and Chief Executive Officer Stephen R. Karp in 1978, New England Development
is acclaimed for creating imaginative, high-quality real estate
developments, demonstrating time and time again its expertise in
turning the most challenging situations into the most successful
projects. These developments include mixed-use complexes featuring
retail, residential, hotel and office uses; lifestyle retail
centers; power centers; outlet centers; marinas; golf courses;
resort and convention hotel properties; and even an entire planned
community.
About Nordstrom
Nordstrom, Inc. is one of the leading
fashion specialty retailers based in the U.S. Founded in 1901 as a
shoe store in Seattle, today
Nordstrom operates 240 stores in 31 states, including 117 full-line
stores, 119 Nordstrom Racks, two Jeffrey boutiques, one
treasure&bond store and one clearance store. Nordstrom also
serves customers through Nordstrom.com and through its catalogs.
Additionally, the Company operates in the online private sale
marketplace through its subsidiary HauteLook. Nordstrom, Inc.'s
common stock is publicly traded on the NYSE under the symbol
JWN.
MEDIA CONTACTS:
Kendall Ault
Nordstrom, Inc.
(206) 303-3019
kendall.ault@nordstrom.com
Melissa LaVita
New England Development
(617) 299-2575
mlavita@nedevelopment.com
(Logo: http://photos.prnewswire.com/prnh/20001011/NORDLOGO)
SOURCE Nordstrom, Inc.