nordstrom inc (JWN) Key Developments
Nordstrom Inc. to Open Woodmore Towne Center in Glenarden, Md
Jul 7 15
Nordstrom Inc. announced plans to open Nordstrom Rack at Woodmore Towne Center in Glenarden, Md. The approximately 30,000-square-foot store is scheduled to open in spring 2017. The property is owned by Petrie Richardson Ventures, in a joint venture with Prudential Real Estate Investors.
Nordstrom Rack is a part of phase two of the project joining existing anchors Wegmans and Costco. Other retailers include Best Buy, Old Navy, JCPenney and several restaurants. Woodmore Towne Center is conveniently located just off the Capital Beltway (I-495) at Route 202 in Glenarden.
The new store will be the fifth Nordstrom Rack in Maryland. Nordstrom also operates four full-line stores, and began serving Maryland customers in 1991 with its store at Montgomery Mall in Bethesda. 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 to 70% off regular prices. The Rack carries merchandise from Nordstrom stores and Nordstrom.com, as well as specially purchased items from many of the top brands sold at Nordstrom. The Rack is designed to provide the ultimate treasure hunt to style-savvy customers.
Nordstrom Inc. Approves an Amendment and Restatement of its Bylaws
Jun 24 15
On June 23, 2015, the board of directors of the Nordstrom Inc. approved an amendment and restatement of the company’s bylaws (the “amended and restated bylaws”). section 3 of article iii is revised to increase the maximum number of directors from thirteen (13) to fourteen (14). The foregoing summary of the amendments contained within the company’s amended and restated bylaws is qualified in its entirety by the text of the amended and restated bylaws.
Nordstrom, Inc. Appoints Tanya Domier to its Board of Directors
Jun 23 15
Nordstrom Inc. announced the appointment of Tanya Domier, chief executive officer of Advantage Sales & Marketing LLC (ASM) to the company's board of directors. Her addition brings the total number of directors to 14 and the number of independent directors to 11. The company's directors serve one-year terms and the company requires annual elections of all board members. Ms. Domier was named CEO of ASM in January 2013 after serving as their president and chief operating officer from 2010 to 2013.
Nordstrom, Inc. Plans to Open Nordstrom Rack at Waikiki Trade Center in Honolulu, HI
Jun 22 15
Nordstrom Inc. announced plans to open Nordstrom Rack at Waikiki Trade Center in Honolulu, HI. The approximately 34,000-square-foot, two-level store is scheduled to open in spring 2016. The property was acquired by Coastwood Capital Group, LLC in late 2013. The company has also operated a full-line store at Ala Moana Center since 2008, with plans to relocate that store in March 2016 in the same center. The new Rack will be located at street level and is one of several new retail developments located along Kuhio Avenue. Waikiki Trade Center is on the corner of Kuhio Avenue and Seaside Avenue, near the redeveloped International Marketplace, which will be anchored by Saks Fifth Avenue, set to open in summer 2016.
Nordstrom, Inc. Plans to Open Full-Line Store in Carlsbad, Calif
Jun 10 15
Nordstrom Inc. announced plans to open a full-line store in a new open-air retail promenade to be built by Caruso Affiliated, in Carlsbad, Calif. The 124,000 square foot store is scheduled to open fall 2018 and will be the fifth Nordstrom full-line store in the greater San Diego area.