nordstrom inc (JWN) Key Developments
Nordstrom, Inc. Plans to Open in Pittsburgh, Pa
Apr 7 15
Nordstrom Inc. announced plans to open a Nordstrom Rack at The Block Northway in Pittsburgh, Pa. The 40,000-square-foot store is scheduled to open in fall 2016. The property is owned and managed by LRC Realty. The new Rack will be a two-level store with a primary entrance on McKnight Road and a secondary entrance inside the mall on the promenade level. The addition of the Rack is part of an overall 470,000-square foot redevelopment of the center, formally known as the Shoppes at Northway, which will accommodate several other national retailers and restaurants.
Nordstrom, Inc. Announces Plans to Open a Nordstrom Rack at West Oaks Shopping Center in Novi, Michigan
Apr 7 15
Nordstrom Inc. announced plans to open a Nordstrom Rack at West Oaks shopping center in Novi, Mich. The approximately 33,000-square-foot store is scheduled to open in fall 2016. The property is owned and managed by Ramco-Gershenson Properties Trust. When it opens, it will be the fifth Nordstrom Rack in Michigan and will join retailers including Gander Mountain, Best Buy, Michael's, HomeGoods and DSW. West Oaks is located across Novi Road from Twelve Oaks Mall where Nordstrom has operated a full-line store since 2007. 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% off regular prices.
Reportedly Belk Seeks Sale
Apr 2 15
Belk Inc. (OTCBB:BLKI.B) is exploring a sale option as per sources familiar with the matter stated. Macy's, Inc. (NYSE:M), Bon-Ton Stores Inc. (NasdaqGS:BONT), Nordstrom Inc. (NYSE:JWN) and large private equity firms are expected to be contacted by Belk to solicit their interest in a deal the people added. Belk has hired investment bank The Goldman Sachs Group, Inc. (NYSE:GS) to help it evaluate strategic alternatives, including a potential sale.
Nordstrom Inc. Opens Doors at Mall of San Juan in Puerto Rico
Mar 26 15
Nordstrom Inc. opened the doors to its first store in Puerto Rico at The Mall of San Juan. The two-level, 138,000 square-foot store features the latest interior and exterior design concepts, three restaurants and an enhanced beauty experience. The store houses five shoe departments, expansive cosmetics and accessories areas and a comprehensive offering of popular brand names for women, men and children. Customers can find shoes and handbags from Valentino, Manolo Blahnik, Tory Burch, Vince Camuto, Michael Kors and many more. The women's apparel offering features fashion from numerous brands, including Missoni, Versace Collection, Herve Leger, Topshop, BCBG, Michael Michael Kors, Elizabeth and James and Haute Hippie, among others. Customers will find brands like Burberry Beauty, Chanel, Jo Malone, La Mer, Khiel's, MAC, Creed and more in the beauty department, which has been designed to enable customers to shop the way they want whether they're looking for a high-touch service experience or the opportunity to discover and play on their own.
Nordstrom and Piece to Launch New Apparel and Accessories Collection
Mar 13 15
Nordstrom Inc. and Piece & Co. have collaborated to launch a new collection of apparel and accessories. The capsule collection brings to life the work of women artisans around the world through unique, stylish pieces from eight incredible brands - Alice + Olivia, Current/Elliott, DVF, Joie, Rebecca Minkoff, Theory, The Honest Company, and Tory Burch. Each brand worked closely with Piece & Co. to source handmade materials and fabrics that are then incorporated into their pieces dresses, tops, skirts, shorts and handbags. The collection will be available at select Nordstrom stores and on nordstrom.com. A mission to empower women founded in 2011 by Kathleen Wright, Piece & Co. is committed to ending global poverty by providing sustainable employment opportunities to female artisans. To date, Piece & Co. has created thousands of jobs for women in more than 30 countries by connecting their craft with brands who serve a global marketplace of conscious consumers.