SEATTLE, 2015-12-3 — /EPR Retail News/ — Seattle-based Nordstrom, Inc. (NYSE: JWN) announced today plans to open a Nordstrom Rack at Fashion Outlets of Chicago in Rosemont, Illinois. The approximately 28,000-square-foot store is scheduled to open in fall 2016. The property is owned by Macerich.
Nordstrom Rack will be joining Bloomingdale’s The Outlet Store, Last Call by Neiman Marcus,Saks Off 5th and Forever 21, along with more than 130 designer outlets. The center is located northwest of downtown Chicago and less than two miles from O’Hare International Airport.
“We’ve been serving customers in the greater Chicago area for more than 20 years,” said Geevy Thomas, president of Nordstrom Rack. “With its proximity to the Donald E. Stephens Convention Center, the airport, and many hotels, Fashion Outlets offers an opportunity to provide Rosemont area residents and visitors alike a more convenient way to shop Nordstrom Rack.”
This will be the 11th Nordstrom Rack in the Chicagoland area. The company also operates four Nordstrom stores: Michigan Avenue, Old Orchard, Oakbrook Center and Woodfield Shopping Center.
“Nordstrom Rack is a true leader in the industry and we are pleased to add this top brand to our already outstanding retail roster at Fashion Outlets of Chicago,” said Ed Coppola, President, Macerich. “With the groundbreaking Fashion Outlets of Chicago, Macerich succeeded in elevating the outlet shopping experience by delivering designer brands combined with upscale amenities, all in a close-in and convenient location. We continue to enhance the experience and add value to this irreplaceable trophy property.”
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 percent 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. is a leading fashion specialty retailer based in the U.S. Founded in 1901 as a shoe store in Seattle, today Nordstrom operates 323 stores in 39 states, including 121 full-line stores in the United States, Canada and Puerto Rico; 194 Nordstrom Rack stores; two Jeffrey boutiques; and one clearance store. Additionally, customers are served online through Nordstrom.com, Nordstromrack.com and HauteLook. The company also owns Trunk Club, a personalized clothing service serving customers online at TrunkClub.com and its five clubhouses. Nordstrom, Inc.’s common stock is publicly traded on the NYSE under the symbol JWN.
About Fashion Outlets of Chicago
Macerich’s Fashion Outlets of Chicago is an award-winning 530,000 square-foot, two-level indoor shopping center that is home to more than 130 designer outlets, an impressive contemporary art collection and high-end amenities. The one-of-a-kind, upscale outlet property that redefines and elevates the outlet shopping experience is conveniently located minutes from O’Hare International Airport and Chicagoland’s major highways at 5220 Fashion Outlets Way in Rosemont. Parking is free. For more information, visit www.fashionoutletsofchicago.com.
Macerich (NYSE:MAC), an S&P 500 company, 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.
Macerich currently owns 55 million square feet of real estate consisting primarily of interests in 50 regional shopping centers. Macerich specializes in successful retail properties in many of the country’s most attractive, densely populated markets with significant presence in the Pacific Rim, Arizona, Chicago, and the New York to Washington, DC corridor. Additional information about Macerich can be obtained from the Company’s website at www.macerich.com.
SOURCE Nordstrom, Inc.