SEATTLE, July 26,
2022 /PRNewswire/ -- Seattle-based fashion retailer Nordstrom, Inc.
(NYSE: JWN) has announced plans to open a new Nordstrom Rack in the spring of 2023. The new
store will be located in The Terrace at Hamilton Place in
Chattanooga, TN.
"We look forward to opening our first Nordstrom Rack location in the Chattanooga community, strengthening our
network of stores, and introducing new customers to the Rack's
unique product offering," said Carl
Jenkins, Senior Vice President of Nordstrom Rack Stores. "In addition to
shopping the brands they love at a great price, our customers in
Chattanooga can take full
advantage of this convenient new location to pick up online orders
and make returns."
The 24,000 square-foot store will be located in The Terrace at
Hamilton Place, an open-air shopping center that features retailers
including Academy Sports, DSW, ULTA Beauty and Old Navy. Hamilton
Place is owned and managed by CBL Properties and is ideally located
at the intersection of I-75 and Shallowford Road. With the addition
of this new location, Nordstrom will operate three Nordstrom Rack stores and one Nordstrom store in
Tennessee. The store is scheduled
to open in spring 2023.
"We are thrilled to welcome Nordstrom
Rack to the Hamilton Place campus, Chattanooga's premier shopping destination.
Nordstrom Rack is a highly
sought-after retail brand, providing tremendous value and fashion
to shoppers. We are pleased to add another market exclusive
retailer to Hamilton Place," said Stephen Lebovitz, Chief Executive Officer, CBL
Properties.
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.
Nordstrom is committed to giving back to the diverse communities
where it operates. Since 2019 along with its customers,
Nordstrom Rack has donated more than
$1.5 million in support of its
long-term partnership with Big Brothers Big Sisters of the United States and Canada. One hundred percent of these proceeds
support the recruitment and training 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 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 Rack apps and websites.
Through it all, we remain committed to leaving the world
better than we found it.
About CBL Properties
Headquartered in Chattanooga, TN,
CBL Properties owns and manages a national portfolio of
market–dominant properties located in dynamic and growing
communities. CBL's owned and managed portfolio is comprised of 95
properties totaling 59.6 million square feet across 24 states,
including 57 high-quality enclosed malls, outlet centers and
lifestyle retail centers as well as more than 30 open-air centers
and other assets. CBL seeks to continuously strengthen its company
and portfolio through active management, aggressive leasing and
profitable reinvestment in its properties. For more information
visit cblproperties.com.
MEDIA CONTACT:
Grace Stearns
Nordstrom, Inc.
Grace.stearns@nordstrom.com
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SOURCE Nordstrom, Inc.