Nordstrom (ticker: JWN, exchange: New York Stock Exchange (.N))
News Release -
Nordstrom Rack to Join The Market at Town Center
SEATTLE, Aug 25, 2010 /PRNewswire via COMTEX/ --
Seattle-based Nordstrom, Inc. (NYSE: JWN) today announced plans to open a Nordstrom Rack at The Market at Town Center in Sugar Land, Tex. The 35,455 square-foot store is scheduled to open fall 2011. This will be the second Rack store in the greater Houston area following the opening of The Centre at Post Oak Rack last February.
Nordstrom also operates a full-line store at the Houston Galleria Mall, as well as six other full-line stores and six Racks in Texas.
The Market at Town Center is located in the heart of the First Colony community at the major intersection of Highway 6 and Town Center Boulevard, just east of US 59. The center features 40 national and regional retailers, including Marshalls, Ross, Old Navy and DSW, as well as nine restaurants. The Market at Town Center is owned and operated by Weingarten Realty.
"We hope our Southwest area customers will give us an opportunity to earn their business at the Sugar Land Rack when we open next fall," said Geevy Thomas, president of Nordstrom Rack. "We were so excited to enter the Houston market with our Rack last February. We're looking forward to having an even greater presence in this area so that we can serve more of our customers."
"Building on our relationship with the Nordstrom team, we are excited to have a second Nordstrom Rack in the Houston area," said Brody Farris, leasing executive for Weingarten Realty. "Nordstrom Rack will add to the diverse tenant mix at The Market at Town Center and help make this an even better shopping destination for Sugar Land."
The Rack is the off-price retail division of Nordstrom, and carries merchandise from Nordstrom stores and Nordstrom.com at 50-60% 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 and purchased specially for Nordstrom Rack, with most at savings of 30-70% off.
Nordstrom, Inc. is one of the nation's leading fashion specialty retailers, with 193 stores located in 28 states. Founded in 1901 as a shoe store in Seattle, today Nordstrom operates 114 full-line stores, 76 Nordstrom Racks, two Jeffrey boutiques and one clearance store. Nordstrom also serves customers through its online presence at www.nordstrom.com and through its catalogs. Nordstrom, Inc. is publicly traded on the NYSE under the symbol JWN.
About Weingarten Realty Investors:
Weingarten Realty Investors (NYSE: WRI) is a commercial real estate owner, manager and developer. At March 31, 2010, the company owned or operated under long-term leases, either directly or through its interest in real estate joint ventures or partnerships, a total of 376 developed income-producing properties and 10 properties under various stages of construction and development. The total number of properties includes 307 neighborhood and community shopping centers located in 22 states spanning the country from coast to coast. The company also owns 76 industrial projects located in California, Florida, Georgia, Tennessee, Texas and Virginia and three other operating properties located in Arizona and Texas. At March 31, 2010, the Company's portfolio of properties was approximately 70.1 million square feet. To learn more about the Company's operations and growth strategies, please visit www.weingarten.com.
SOURCE Nordstrom, Inc.