Nordstrom Rack to Open at City Center in White Plains, New York
SEATTLE, April 22, 2008 /PRNewswire-FirstCall/ -- Seattle-based Nordstrom, Inc. (NYSE: JWN), a leading fashion specialty retailer, announced today that it will open a 35,000 square-foot Nordstrom Rack at City Center Shopping Center in White Plains, NY in fall 2008.
Nordstrom Rack is the company's off-price retail division offering savings of 30 to 75 percent on apparel and accessories for women, men and children, including one of the most extensive collections of name-brand shoes available. Nordstrom Rack merchandise is made up of products from Nordstrom full-line stores and the company's online store at Nordstrom.com, as well as special purchase items.
"City Center is a compelling destination with a great mix of retail, restaurants and entertainment, and we're excited to be a part of it," said Scott Meden, president of Nordstrom Rack. "We're eager to open our doors and we hope that this new store will make shopping more convenient for customers in and around White Plains."
The Nordstrom Rack at City Center will be the retailer's second Rack store in New York. Nordstrom also operates a Rack at The Mall at the Source in Hempstead. In addition to its Rack stores, Nordstrom also operates two full-line stores in New York at Roosevelt Field in Garden City and The Westchester in White Plains.
"We are extremely pleased to have Nordstrom Rack become a key component in City Center's retail community," said Louis R. Cappelli, president of Cappelli Enterprises, the developer and owner of the complex. "Nordstrom is a prestigious name in the world of fashion retailing. The Rack fits perfectly within our mix of tenants that includes very strong fashion retailers such as Filene's Basement, as well as numerous other top-end retailers such as Target and Barnes & Noble. City Center plays an important role in the overall retail success of Downtown White Plains. Having Nordstrom Rack join our tenant roster brings even greater strength to our center and the city as a whole."
City Center is a $350 million residential-retail-entertainment complex in the heart of downtown White Plains. The 1.1 million square-foot development opened in October 2003. The complex features 400,000 square-feet of retail, which includes Barnes & Noble, Circuit City, Filene's Basement, Target and New York Sports Club. It also has 30,000 square-feet of restaurants, a 15-screen national Amusements Multiplex, the 450-seat White Plains Performing Arts Center and a residential component called One City Place.
Cappelli Enterprises Inc., http://www.cappelli-inc.com, is a leading real estate developer and general contractor in the Northeast. Headquartered in Valhalla, NY, the company has built more than 10 million square-feet of mixed use, retail, waterfront, residential, office building, laboratory and parking facilities.
Nordstrom, Inc. is one of the nation's leading fashion specialty retailers, with 159 stores located in 28 states. Founded in 1901 as a shoe store in Seattle, today Nordstrom operates 105 full-line stores, 50 Nordstrom Racks, two Jeffrey boutiques and two clearance stores. Nordstrom also serves customers through its online presence at http://www.nordstrom.com and through its catalogs. Nordstrom, Inc. is publicly traded on the NYSE under the symbol JWN.
MEDIA CONTACTS: Michael Boyd
Nordstrom, Inc.
(206) 373-3038
Geoff Thompson
Thompson & Bender
(914) 762-1900
(Logo: http://www.newscom.com/cgi-bin/prnh/20001011/NORDLOGO)
SOURCE Nordstrom, Inc.
04/22/2008
CONTACT: Michael Boyd of Nordstrom, Inc., +1-206-373-3038; or Geoff
Thompson of Thompson & Bender, +1-914-762-1900
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Web site: http://www.nordstrom.com
http://www.cappelli-inc.com