Nordstrom (ticker: JWN, exchange: New York Stock Exchange (.N))
News Release -
20-Oct-2005
Nordstrom to Open at the Mall at Oyster Bay in Syosset, Long Island, New YorkSEATTLE, Oct 20, 2005 /PRNewswire-FirstCall via COMTEX News Network/ -- Seattle-based Nordstrom, Inc.
(NYSE: JWN), a leading fashion specialty retailer announced it has signed a
commitment with Taubman Centers to open a new Nordstrom store at The Mall at
Oyster Bay in Syosset, Long Island, New York. Nordstrom will build a new,
three-level store with approximately 150,000 square feet of gross building
area. Nordstrom at The Mall at Oyster Bay is scheduled to open concurrently
with the shopping center.
(Logo: http://www.newscom.com/cgi-bin/prnh/20001011/NORDLOGO )
"We're excited to expand our presence in the northeast and specifically on
Long Island," said Erik Nordstrom, executive vice president of Full-Line
Stores for Nordstrom. "The Mall at Oyster Bay will be a great shopping
destination and we're anxious to offer another Nordstrom to make the shopping
more convenient for our Long Island customers."
The proposed 860,000 square foot Mall at Oyster Bay is currently targeted
to open in fall 2007. It will be located near South Oyster Bay Road and the
Long Island Expressway. When completed, the center will offer Nassau County
its finest, upscale shopping experience with two department stores and more
than 100 specialty shops and services.
"Nordstrom, along with other luxury tenants, will set the tone for the
finest shopping experience on Long Island," said Robert S. Taubman, Taubman
Centers' chairman, president and chief executive officer. "The Mall at Oyster
Bay will combine the essential ingredients of convenience and superior store
merchandising, making this shopping center a true world-class destination."
Nordstrom offers a large selection of quality fashion apparel, shoes and
accessories for men, women and children. This will be the third Full-Line
Store for Nordstrom in New York state. Nordstrom Roosevelt Field in Garden
City opened in 1997 and Nordstrom at The Westchester has been serving
customers in the White Plains area since 1995.
Taubman Centers, Inc., a real estate investment trust, owns and/or manages
23 urban and suburban regional and super regional shopping centers in 11
states. In addition, The Pier at Caesars (Atlantic City, N.J.) is under
construction and is scheduled to open in late spring 2006. Taubman Centers is
headquartered in Bloomfield Hills, Mich. Additional information about
Taubman Centers can be obtained from the company's website, www.taubman.com.
Nordstrom, Inc. is one of the nation's leading fashion specialty
retailers, with 154 US stores located in 27 states. Founded in 1901 as a shoe
store in Seattle, today Nordstrom operates 97 Full-Line Stores, 49 Nordstrom
Racks, five Faconnable boutiques, one freestanding shoe store and two
clearance stores. Nordstrom also operates 32 international Faconnable
boutiques in Europe. Additionally, Nordstrom 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.
CONTACT: Brooke White Karen MacDonald
Nordstrom, Inc. Taubman Centers, Inc.
206-373-3030 248-258-7469
Stephanie Allen Barbara Baker
Investor Relations Investor Relations
Nordstrom, Inc. Taubman Centers, Inc.
206-303-3262 248-258-7367
SOURCE Nordstrom, Inc.
http://www.prnewswire.com
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