SEATTLE, Sept. 17, 2013 /PRNewswire/ -- Seattle-based
Nordstrom, Inc. (NYSE: JWN) announced today plans to open a second
Las Vegas area Nordstrom Rack in
Summerlin. The approximately 36,000-square-foot store is scheduled
to open in fall 2014 at The Shops at Summerlin, a 1.6
million-square-foot mixed-use development of The Howard Hughes
Corporation (NYSE: HHC) that will launch the downtown of the
acclaimed master planned community.
Nordstrom Rack is the off-price
retail division of Nordstrom, Inc., offering customers a wide
selection of on-trend apparel, accessories, and shoes at an
everyday savings of 30-70 percent off regular prices. The Rack
carries merchandise from Nordstrom stores and Nordstrom.com and
specially purchased items from many of the top brands sold at
Nordstrom.
"We've known for a long time that we wanted to be in Summerlin,"
said Geevy Thomas, president of Nordstrom
Rack. "The Shops at Summerlin is a great fit for the Rack
and we're excited about this opportunity to bring our take on the
ultimate treasure hunt to customers in the western
Las Vegas valley."
Located at the intersection of I-215 and Sahara Avenue, The
Shops at Summerlin will serve the entire Las Vegas Valley with over
125 shops and restaurants in an open air-shopping environment. The
Rack will join a growing list of retailers and restaurants filling
out the development.
Currently, Nordstrom serves customers at two Las Vegas area locations: a full-line store at
Fashion Show Mall and a Nordstrom
Rack at Stephanie Street Center.
"Nordstrom Rack is a favorite
among shoppers in the Las Vegas Valley and will serve as an
outstanding addition to The Shops at Summerlin, one of the premier
regional retail sites in the U.S.," said Kevin Orrock, president of Summerlin and vice
president of master planned communities for The Howard Hughes
Corporation. "Retailer response to the project has been tremendous
as we work to create an unrivaled shopping, dining and
entertainment hub for our Downtown Summerlin."
About The Shops at Summerlin
The Shops at Summerlin,
one of the premier regional mixed-use development sites in the
U.S., will be part of a planned urban center which will serve the
entire Las Vegas Valley with over 125 shops and restaurants in an
open-air shopping environment. The 106-acre, 1.6
million-square-foot mixed-use development along the Clark County 215 Beltway is located only 15
minutes from the Las Vegas Strip and Airport. When complete, The
Shops at Summerlin will include retail, office and entertainment,
designed to create a vibrant, walkable downtown in the heart of the
affluent 22,500-acre master planned community. With over 100,000
residents today, the ever-increasing population in the Summerlin
master planned community is expected to double to 200,000 when
completed.
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 252 stores in 34 states, including 117 full-line
stores, 132 Nordstrom Racks, two Jeffrey boutiques 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.
About The Howard Hughes Corporation
The Howard Hughes
Corporation owns, manages and develops commercial, residential and
mixed-use real estate throughout the U.S. Our properties include
master planned communities, operating properties, development
opportunities and other unique assets spanning 18 states from
New York to Hawai'i. The Howard
Hughes Corporation is traded on the New York Stock Exchange as HHC
and is headquartered in Dallas,
TX. For additional information about HHC, visit
www.howardhughes.com.
Statements made in this press release that are not historical
facts, including statements accompanied by words such as "will,"
"believe," "expect," "enables," "realize", "plan," "intend,"
"transform" and other words of similar expression, are
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. These statements are
based on management's expectations, estimates, assumptions, and
projections as of the date of this release and are not guarantees
of future performance. Actual results may differ materially from
those expressed or implied in these statements. Factors that could
cause actual results to differ materially are set forth as risk
factors in The Howard Hughes Corporation's filings with the
Securities and Exchange Commission, including its Quarterly and
Annual Reports. The Howard Hughes Corporation cautions you not
to place undue reliance on the forward-looking statements contained
in this release. The Howard Hughes Corporation does not undertake
any obligation to publicly update or revise any forward-looking
statements to reflect future events, information or circumstances
that arise after the date of this release.
MEDIA CONTACT:
Kate DeToye
Nordstrom, Inc.
(206) 303-4250
kate.detoye@nordstrom.com
Caryn Kboudi
The Howard Hughes Corporation
(214) 741-7744
caryn.kboudi@howardhughes.com
(Logo: http://photos.prnewswire.com/prnh/20001011/NORDLOGO)
(Photo: http://photos.prnewswire.com/prnh/20130222/SF64843)
SOURCE Nordstrom, Inc.