SEATTLE, 2016-Aug-06 — /EPR Retail News/ — Seattle-based Nordstrom, Inc. (NYSE: JWN) announced today plans to open a Nordstrom Rack at Vaughan Mills shopping centre, in Greater Toronto, Ontario. The approximately 35,000-square-foot store is scheduled to open in spring 2018. The property is owned and managed by Ivanhoé Cambridge.
The new Nordstrom Rack at Vaughan Mills will be located next to Highway 400 north of downtownToronto. Fellow Vaughan Mills tenants include HR2, Winners, H&M, Forever 21, J.Crew and Lululemon.
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 30-70 percent off regular prices.Nordstrom Rack merchandise, available at Rack stores and at Nordstromrack.com, comes from Nordstrom stores, Nordstrom.com as well as specially purchased items from many of the top brands available at Nordstrom. The Rack is designed to provide the ultimate treasure hunt to style-savvy customers.
“We look forward to offering customers another place to shop for the brands they love at great prices by adding a Nordstrom Rack at Vaughan Mills, in addition to our previously announced One Bloor location,” said Karen McKibbin, president of Nordstrom Canada. “We’re hopeful this will give customers north of the city a more convenient shopping experience.”
“We are delighted to welcome Nordstrom Rack to Vaughan Mills,” said Roman Drohomirecki, Chief Operating Officer, Ivanhoé Cambridge Retail. “The addition of Nordstrom Rack will broaden the centre’s merchandising appeal with a strong apparel offering. We have no doubt that it will further enhanceVaughan Mills’ regional draw and meet our shoppers’ high expectations.”
Nordstrom first announced plans to expand to Canada in 2012 and to date has opened three full-line stores: in Calgary at CF Chinook Centre on September 19, 2014, CF Rideau Centre in Ottawa on March 6, 2015, and CF Pacific Centre in Vancouver on September 18, 2015. The company will open three additional full-line stores in the Toronto area, including CF Toronto Eaton Centre on September 16, 2016, Yorkdale Shopping Centre on October 21, 2016 and CF Sherway Gardens in fall 2017. Nordstrom Rack One Bloor will open in Toronto in spring 2018.
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 329 stores in 39 states, including 121 full-line stores in the United States, Canada and Puerto Rico; 200 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 Vaughan Mills
A designated tourist attraction, Vaughan Mills is a true destination, capturing the best attributes of a super-regional centre, an outlet centre, and an entertainment venue set in an ambience of distinctive design and architecture. Over 13 million shoppers, families and tourists visit Vaughan Mills year after year for a shopping experience that includes: 18 specialty anchors, a mix of full-price and branded outlets, entertainment components and unique dining options, all within seven themed neighbourhoods and seven themed transition courts. Vaughan Mills includes attractions such as Canada’s first and only LEGOLAND Discovery Centre and Canada’s flagship Bass Pro Shops Outdoor World. The powerful retail mix includes unique concepts, such as Saks Fifth Avenue OFF 5th, hr2 Holt Renfrew, Calvin Klein Outlet, Victoria’s Secret, Victoria’s Secret PINK, A|X Armani Exchange Outlet, Hugo Boss Factory Store, Banana Republic Factory Store, Tommy Hilfiger Outlet, Michael Kors Outlet, Aritzia, The Outlet by Harry Rosen,Cole Haan, Vince Camuto, TUMI, Brooks Brothers Factory Store, and many more.
About Ivanhoé Cambridge
Ivanhoé Cambridge, a global real estate industry leader, invests in high-quality properties and companies in select cities around the world. It does so prudently with a long-term view to optimize risk-adjusted returns. Founded in Quebec in 1953, Ivanhoé Cambridge has built a vertically integrated business across Canada. Internationally, the Company invests alongside key partners that are leaders in their respective markets. Through subsidiaries and partnerships, Ivanhoé Cambridge holds interests in close to 500 properties, consisting primarily of office, retail, residential and logistics real estate. Ivanhoé Cambridge held more than Cdn $55 billion in assets as at December 31, 2015. The Company is a real estate subsidiary of the Caisse de dépôt et placement du Québec (cdpq.com), one of Canada’s leading institutional fund managers. For more information, visit ivanhoecambridge.com.
SOURCE: Nordstrom, Inc.