SEATTLE, Sept. 12,
2023 /PRNewswire/ -- Seattle-based fashion retailer Nordstrom, Inc.
(NYSE: JWN) announced plans to open a new Nordstrom Rack in San Diego, California.
"We look forward to opening this new Nordstrom
Rack location in San Diego, strengthening our network of
stores and introducing new customers to Nordstrom Rack's unique product
offering," said Carl Jenkins, Senior Vice President
of Nordstrom Rack Stores. "In addition to shopping
great brands at great prices, our customers in San Diego can
take full advantage of this convenient new location to pick-up
online orders and make returns."
The 26,000 square-foot store will be located in Clairemont
Town Square, a popular shopping center that includes Burlington, Vons, TJ Maxx, Ulta Beauty,
Reading Cinemas and more. Clairemont Town
Square is owned and managed by Merlone Geier Partners and is
ideally located off Clairemont Drive and Clairemont Mesa Boulevard.
With the addition of this new location and 10 other announced store
openings, Nordstrom will operate 68 Nordstrom
Rack stores, 22 Nordstrom stores, 5 Nordstrom Locals and
one asos | Nordstrom in California. The store is scheduled to open in
fall 2024.
"Clairemont Town Square is a
community favorite for shopping, dining and socializing. The
exciting addition of Nordstrom Rack
to our already diverse collection of retailers will offer visitors
an even more vibrant and complete experience," said Taylor Pham, Vice President, Merlone Geier
Partners.
Nordstrom Rack is the off-price retail division
of Nordstrom, Inc. and plays a critical role in the
company's Closer to You strategy, which focuses on delivering
customers a more convenient and interconnected experience across
its stores and digital platforms. Nordstrom Rack offers
customers up to 70 percent off on-trend apparel, accessories,
beauty, home and shoes from many of the top brands sold
at Nordstrom stores as well as core services like online
order pickup for Nordstrom.com and NordstromRack.com, easy returns
and alterations at select stores. Nordstrom
Rack is the largest source of new customers to
Nordstrom.
Nordstrom is committed to giving back to the diverse communities
where it operates. Since 2019 along with its customers, Nordstrom
has donated more than $1.7 million in
support of its long-term partnership with Big Brothers Big Sisters
of the United States. These
proceeds support the recruitment, training and engagement of adult
mentors and mentorship moments between Bigs and Littles, including
preparing for an interview, learning to tie a tie and helping with
homework.
About Merlone Geier Partners
Merlone Geier Partners is a vertically integrated and regionally
focused firm. We invest in West Coast retail properties and
actively perform our own leasing, property management, construction
management, design and capital formation. We have acquired, to
date, more than 170 West Coast properties representing in excess of
28.6 million square feet. Our firm – managed by Peter J. Merlone, Bradley A. Geier, Scott
A. McPherson, Gabriela F.
Parcella and Jonathan C.
Lischke – has raised more than $4.5
billion of discretionary institutional equity capital over
the past 30 years. We provide our institutional investors the
opportunity for attractive risk-adjusted returns through active
real estate management, including leasing, redevelopment and
densification. For more information, visit our website.
About Nordstrom
At Nordstrom, Inc. (NYSE: JWN), we exist to help our
customers feel good and look their best. Since starting as a shoe
store in 1901, how to best serve customers has been at the center
of every decision we make. This heritage of service is the
foundation we're building on as we provide convenience and true
connection for our customers. Our digital-first platform enables us
to serve customers when, where and how they want to shop – whether
that's in-store at more than
350 Nordstrom, Nordstrom Local
and Nordstrom Rack locations or digitally through
our Nordstrom and Nordstrom Rack apps and
websites. Through it all, we remain committed to leaving the
world better than we found it.
MEDIA CONTACT:
Lauren Herrin
Nordstrom, Inc.
NordstromPR@Nordstrom.com
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SOURCE Nordstrom, Inc.