SEATTLE, Aug. 2, 2016 /CNW/ -- Seattle-based Nordstrom, Inc. (NYSE: JWN)
announced today plans to open a Nordstrom
Rack at Vaughan Mills shopping centre, in Greater Toronto, Ontario. The approximately
35,000-square-foot store is scheduled to open in spring 2018. The
property is owned and managed by Ivanhoé Cambridge.
The new Nordstrom Rack at Vaughan
Mills will be located next to Highway 400 north of downtown
Toronto. Fellow Vaughan Mills
tenants include HR2, Winners, H&M, Forever 21, J.Crew and
Lululemon.
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. Nordstrom Rack merchandise, available at Rack
stores and at Nordstromrack.com, comes from Nordstrom stores,
Nordstrom.com as well as specially purchased items from many of the
top brands available at Nordstrom. The Rack is designed to provide
the ultimate treasure hunt to style-savvy customers.
"We look forward to offering customers another place to shop for
the brands they love at great prices by adding a Nordstrom Rack at Vaughan Mills, in addition to
our previously announced One Bloor
location," said Karen McKibbin,
president of Nordstrom Canada.
"We're hopeful this will give customers north of the city a more
convenient shopping experience."
"We are delighted to welcome Nordstrom
Rack to Vaughan Mills," said Roman
Drohomirecki, Chief Operating Officer, Ivanhoé Cambridge
Retail. "The addition of Nordstrom
Rack will broaden the centre's merchandising appeal with a
strong apparel offering. We have no doubt that it will further
enhance Vaughan Mills' regional draw
and meet our shoppers' high expectations."
Nordstrom first announced plans to expand to Canada in 2012 and
to date has opened three full-line stores: in Calgary at CF Chinook Centre on September 19, 2014, CF Rideau Centre in
Ottawa on March 6, 2015, and CF Pacific Centre in
Vancouver on September 18, 2015. The company will open three
additional full-line stores in the Toronto area, including CF Toronto Eaton
Centre on September 16, 2016,
Yorkdale Shopping Centre on October 21,
2016 and CF Sherway Gardens in fall 2017. Nordstrom Rack One Bloor will open in
Toronto in spring 2018.
About Nordstrom
Nordstrom, Inc. is a leading fashion specialty retailer based in
the U.S. Founded in 1901 as a shoe store in Seattle, today Nordstrom operates 329 stores
in 39 states, including 121 full-line stores in the United States, Canada and Puerto Rico; 200 Nordstrom Rack stores; two
Jeffrey boutiques; and one clearance store. Additionally, customers
are served online through Nordstrom.com, Nordstromrack.com and
HauteLook. The company also owns Trunk Club, a personalized
clothing service serving customers online at TrunkClub.com and its
five clubhouses. Nordstrom, Inc.'s common stock is publicly traded
on the NYSE under the symbol JWN.
About Vaughan Mills
A designated tourist attraction, Vaughan Mills is a true
destination, capturing the best attributes of a super-regional
centre, an outlet centre, and an entertainment venue set in an
ambience of distinctive design and architecture. Over 13 million
shoppers, families and tourists visit Vaughan Mills year after year
for a shopping experience that includes: 18 specialty anchors, a
mix of full-price and branded outlets, entertainment components and
unique dining options, all within seven themed neighbourhoods and
seven themed transition courts. Vaughan Mills includes attractions
such as Canada's first and only LEGOLAND Discovery Centre and
Canada's flagship Bass Pro Shops Outdoor World. The powerful retail
mix includes unique concepts, such as Saks Fifth Avenue OFF 5th,
hr2 Holt Renfrew, Calvin Klein Outlet, Victoria's Secret,
Victoria's Secret PINK, A|X Armani Exchange Outlet, Hugo Boss
Factory Store, Banana Republic Factory Store, Tommy Hilfiger
Outlet, Michael Kors Outlet, Aritzia, The Outlet by Harry Rosen, Cole
Haan, Vince Camuto, TUMI,
Brooks Brothers Factory Store, and many more.
About Ivanhoé Cambridge
Ivanhoé Cambridge, a global
real estate industry leader, invests in high-quality properties and
companies in select cities around the world. It does so prudently
with a long-term view to optimize risk-adjusted returns. Founded in
Quebec in 1953, Ivanhoé
Cambridge has built a vertically
integrated business across Canada. Internationally, the Company
invests alongside key partners that are leaders in their respective
markets. Through subsidiaries and partnerships, Ivanhoé
Cambridge holds interests in close
to 500 properties, consisting primarily of office, retail,
residential and logistics real estate. Ivanhoé Cambridge held more than Cdn$55 billion in assets as at December 31, 2015. The Company is a real estate
subsidiary of the Caisse de dépôt et placement du Québec
(cdpq.com), one of Canada's leading institutional fund managers.
For more information, visit ivanhoecambridge.com.
MEDIA CONTACTS:
Jessica Canfield
Nordstrom, Inc.
(206) 303-4250
Jessica.Canfield@nordstrom.com
Sébastien Théberge
Ivanhoé Cambridge
(866) 456-3342
sebastien.theberge@ivanhoecambridge.com
Logo - http://photos.prnewswire.com/prnh/20001011/NORDLOGO
SOURCE Nordstrom, Inc.