Nordstrom Rack To Open In Atlanta, GA.
SEATTLE, Jan. 9, 2013
SEATTLE, Jan. 9, 2013 /PRNewswire/ -- Seattle-based Nordstrom, Inc., (NYSE:
JWN) announced today plans to open a Nordstrom Rack in Atlanta, GA at the
Perimeter Expo shopping center which is owned by Kimco Realty Corp. (NYSE:
KIM). The approximately 36,000-square-foot store is scheduled to open in fall
Nordstrom Rack is the off-price retail division of Nordstrom, Inc., carrying
on-trend merchandise from Nordstrom stores and Nordstrom.com at 50 to 60
percent 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. These items are purchased specially for Nordstrom Rack, with
most at savings of 30 to 70 percent off.
Nordstrom operates three full-line and three Rack stores as well as a Jeffrey
boutique in the greater Atlanta metropolitan area. "We want to be a part of
compelling locations across the country and are looking forward to getting our
doors open to more conveniently serve our customers in northern Atlanta," said
Geevy Thomas, president of Nordstrom Rack. "We've been serving customers in
Atlanta since opening our Mall of Georgia Rack in 2000 and are thrilled to
have the opportunity to add a Nordstrom Rack in such a terrific location as
The new Nordstrom Rack will be centrally located at Perimeter Expo, which is
easily accessible from the intersection of I-285 and GA-400 and is located
just across the street from the Nordstrom full-line location at Perimeter
Mall. The new one-level Rack store will occupy the street level space of the
former Best Buy store and will join a strong mix of tenants including
Marshall's, Old Navy, Off Broadway and Thomasville Furniture.
"We are pleased to have Nordstrom Rack as a tenant at our Perimeter Expo
shopping center. This addition will complement the center and the surrounding
area where we expect shoppers to welcome the new Rack store," Michael
Pappagallo, executive vice president and chief operating officer of Kimco,
commented. "With this new store, Nordstrom Rack will have eleven locations in
Kimco Realty Corp. properties."
Kimco Realty Corp. (NYSE: KIM) is a real estate investment trust (REIT)
headquartered in New Hyde Park, N.Y., that owns and operates North America's
largest portfolio of neighborhood and community shopping centers. As of Sept.
30, 2012, the company owned interests in 922 shopping centers comprising 135
million square feet of leasable space across 44 states, Puerto Rico, Canada,
Mexico and South America. Publicly traded on the NYSE since 1991, and included
in the S&P 500 Index, the company has specialized in shopping center
acquisitions, development and management for more than 50 years. For further
information, please visit www.kimcorealty.com, the company's blog at
blog.kimcorealty.com, or follow Kimco on Twitter at
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 240
stores in 31 states, including 117 full-line stores, 119 Nordstrom Racks, two
Jeffrey boutiques, one treasure&bond store 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.
David F. Bujnicki
Kimco Realty Corp.
SOURCE Nordstrom, Inc.
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