Nordstrom Rack to Open at Lakewood Center in Lakewood, California
SEATTLE, Feb. 18 /PRNewswire-FirstCall/ -- Seattle-based Nordstrom, Inc.
(NYSE: JWN), a leading fashion specialty retailer, announced it will open a
33,400-square-foot Nordstrom Rack, a unit of the company's off-price retail
division, at Lakewood Center in Lakewood, Calif. in fall 2010.
"Lakewood Center offers customers a great mix of retail, entertainment and
restaurants and we think it's an outstanding location for a Nordstrom Rack,"
said Scott Meden, president of Nordstrom Rack. "We're excited to join the
center and hope customers will enjoy the great value and fashion we have to
offer."
"Nordstrom Rack brings a new dynamic of shopping to Lakewood Center," said
Randy Brant, executive vice president of real estate for Macerich(R) (NYSE:
MAC). "The addition of this highly sought after retailer will bring
considerable distinction for Lakewood Center and the Lakewood shopper through
their perfect balance of fashion and value."
This will be the retailer's fourteenth Nordstrom Rack in the greater
Orange County/Los Angeles area, including three new Rack stores scheduled to
open in 2009 and 2010. The company also operates 16 Nordstrom stores in the
Orange County/Los Angeles area, including a store at Los Cerritos Center in
Cerritos, Calif. that will relocate to a brand new store within the mall in
spring 2010.
Owned by Macerich, Lakewood Center is an existing mall located three miles
west of Los Cerritos Center. Lakewood Center is co-anchored by Macy's,
JCPenney, Target, soon to open Costco and recently announced Forever 21. Other
tenants include Bed Bath and Beyond, Best Buy, Circuit City, Pacific Theatres,
24 Hour Fitness and several restaurants.
Macerich is a fully integrated self-managed and self-administered real
estate investment trust, which focuses on the acquisition, leasing,
management, development and redevelopment of regional malls throughout the
United States. The company is the sole general partner and owns an 87%
ownership interest in The Macerich Partnership, L.P.Macerich now owns
approximately 77 million square feet of gross leaseable area consisting
primarily of interests in 72 regional malls. Additional information about
Macerich can be obtained from the Company's Web site at www.macerich.com.
Nordstrom Rack is the company's off-price retail division offering savings
of 30 to 70 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.
Nordstrom, Inc. is one of the nation's leading fashion specialty
retailers, with 169 stores located in 28 states. Founded in 1901 as a shoe
store in Seattle, today Nordstrom operates 109 full-line stores, 56 Nordstrom
Racks, two Jeffrey boutiques and two clearance stores. Nordstrom also serves
customers through its online presence at www.nordstrom.com and through its
catalogs. Nordstrom, Inc. is publicly traded on the NYSE under the symbol JWN.
MEDIA CONTACTS:
Brooke White
Nordstrom, Inc.
(206) 373-3030
Connie Cook
Macerich
(602) 953-6562
(Logo: http://www.newscom.com/cgi-bin/prnh/20001011/NORDLOGO)
SOURCE Nordstrom, Inc.
02/18/2009
CONTACT: Brooke White of Nordstrom, Inc., +1-206-373-3030; or Connie
Cook of Macerich, +1-602-953-6562, for Nordstrom, Inc.
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Web Site: http://www.nordstrom.com
