SEATTLE, Aug. 12, 2016 /CNW/ -- Seattle-based
Nordstrom, Inc. (NYSE: JWN) announced plans to open a Nordstrom Rack at South Edmonton Common in
Edmonton, Alberta. The
approximately 35,000-square-foot store is scheduled to open in fall
2018. The property is owned and managed by Cameron Corporation and
CREIT.
The store will be located in south Edmonton, directly adjacent to the
intersection of Highway 216 and Highway 2, in one of the city's
highest traffic areas. Other retailers at South Edmonton Common
include Ikea, Marshall's, H&M, Banana Republic and Gap Factory
Outlets.
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 want to be in compelling locations with a great retail mix,
and we feel our new store at South Edmonton Common helps us to
achieve that goal," said Karen
McKibbin, president of Nordstrom
Canada. "We look forward to introducing ourselves to
customers in Edmonton and bringing
them great brands at great prices."
"We have been very fortunate to accommodate a number of
retail firsts to the city at South Edmonton Common," said
Tina Naqvi, President of Cameron
Corporation. "Given the considerable brand strength of Nordstrom,
we are extremely pleased that they have chosen this location as
part of their Canadian expansion plans, and we are excited to
include them in that list."
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 Eaton Centre on
September 16, 2016, Yorkdale Shopping
Centre on October 21, 2016 and CF
Sherway Gardens, fall 2017.
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 South Edmonton Commons
South Edmonton Common is
one of North America's largest and
most successful open-air retail shopping centres, with over 2.4
million square feet of retail space and featuring over 150 stores
and services (many being first-to-market), making South Edmonton
Common the preeminent shopping, dining and entertainment
destination for the entire region.
(www.southedmontoncommon.com)
About Cameron Corporation
Cameron Corporation is an
Edmonton, Alberta based real
estate development company, specializing in commercial development
projects of the highest standard and quality. Well established and
privately held, Cameron has participated in real estate development
transactions totaling in excess of 10 million square feet.
Cameron is considered one of the most active commercial development
companies in the Alberta market,
as it continues to diversify and expand through its multi-faceted
role as owner, developer, and manager.
(www.cameron-corporation.com)
About CREIT
CREIT is a public real estate investment
trust (REIT) traded on the Toronto Stock Exchange (TSX) under the
symbol REF.UN. Its primary business objective is to
accumulate a portfolio of high-quality real estate assets and to
deliver the benefits of real estate ownership to its
investors. Since being listed on the TSX in September of
1993, CREIT has consistently delivered reliable distributions to
its investors and has generated attractive long-term returns.
(www.creit.ca)
MEDIA CONTACTS:
Jessica Canfield
Nordstrom, Inc.
(206) 303-4250
Jessica.Canfield@nordstrom.com
Tony Rota
Cameron Development Corporation
(780) 424-8008 Ext. 109
tony@cameron-corporation.com
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SOURCE Nordstrom, Inc.