Trade Resources Market View Nordstrom Announced Plans to Open a Second Las Vegas Area Nordstrom Rack

Nordstrom Announced Plans to Open a Second Las Vegas Area Nordstrom Rack

Seattle-based Nordstrom, announced plans to open a second Las Vegas area Nordstrom Rack in Summerlin. The approximately 36,000-square-foot store is scheduled to open in fall 2014 at The Shops at Summerlin, a 1.6 million-square-foot mixed-use development of The Howard Hughes Corporation that will launch the downtown of the acclaimed master planned community.

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. The Rack carries merchandise from Nordstrom stores and Nordstrom.com and specially purchased items from many of the top brands sold at Nordstrom.

"We've known for a long time that we wanted to be in Summerlin," said Geevy Thomas, president of Nordstrom Rack. "The Shops at Summerlin is a great fit for the Rack and we're excited about this opportunity to bring our take on the ultimate treasure hunt to customers in the western Las Vegas valley."

Located at the intersection of I-215 and Sahara Avenue, The Shops at Summerlin will serve the entire Las Vegas Valley with over 125 shops and restaurants in an open air-shopping environment. The Rack will join a growing list of retailers and restaurants filling out the development.

Currently, Nordstrom serves customers at two Las Vegas area locations: a full-line store at Fashion Show Mall and a Nordstrom Rack at Stephanie Street Center.

"Nordstrom Rack is a favorite among shoppers in the Las Vegas Valley and will serve as an outstanding addition to The Shops at Summerlin, one of the premier regional retail sites in the U.S.," said Kevin Orrock, president of Summerlin and vice president of master planned communities for The Howard Hughes Corporation. "Retailer response to the project has been tremendous as we work to create an unrivaled shopping, dining and entertainment hub for our Downtown Summerlin."

About Nordstrom

Nordstrom, Inc. is one of the leading fashion specialty retailers based in the U.S. Founded in 1901 as a shoe store in Seattle, today Nordstrom operates 252 stores in 34 states, including 117 full-line stores, 132 Nordstrom Racks, two Jeffrey boutiques and one clearance store. Nordstrom also serves customers through Nordstrom.com and through its catalogs. Additionally, the company operates in the online private sale marketplace through its subsidiary HauteLook. Nordstrom, Inc.'s common stock is publicly traded on the NYSE under the symbol JWN.

Source: http://www.fibre2fashion.com/news/apparel-news/newsdetails.aspx?news_id=152382
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Nordstrom Plans to Open Second Rack in Las Vegas