Nordstrom Rack to Open First Annapolis Store

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Jun 18, 2010, 12:30 ET

SEATTLE, June 18 /PRNewswire-FirstCall/ -- Seattle-based Nordstrom, Inc. (NYSE: JWN) has announced plans to open its first Nordstrom Rack in Annapolis, Md. at Annapolis Harbour Center. The 32,230 square-foot store is expected to open in spring 2011.

The Rack is the off-price retail division of Nordstrom, and carries merchandise from Nordstrom stores and Nordstrom.com at 50-60% off original Nordstrom prices. Nordstrom Rack also offers a wide selection of apparel, accessories and shoes from many of the brands carried in Nordstrom stores and purchased specially for Nordstrom Rack, with most at savings of 30-70% off.

The new store will be located next to Office Depot at Annapolis Harbour Center. Rockville, Md.-based Lerner Enterprises is the developer for Annapolis Harbour Center. When it opens, the Annapolis Rack will join seven other Racks serving the greater Baltimore-Washington area. The company also operates seven full-line Nordstrom stores in the area, including the Nordstrom Annapolis Mall store.

"We've been in Annapolis for over 15 years and we're thrilled about this opportunity to better serve our customers with a Nordstrom Rack," said Geevy Thomas, president of Nordstrom Rack. "We can't wait to open our doors next spring and start helping more customers with our first Annapolis Rack."

"We are delighted to have Nordstrom Rack, one of the most popular off-price retailers in the country, join our exclusive tenancy at Annapolis Harbour Center," stated Alan H. Gottlieb, chief operating officer of Lerner. "Adding first-to-market stores such as Nordstrom Rack to an already strong lineup of retailers further enhances Annapolis Harbour Center's status as a one of Annapolis' top shopping destinations," he added.

About Annapolis Harbour Center:

Annapolis Harbour Center (AnnapolisHarbourCenter.com), is an award winning 290,000 square-foot lifestyle power center located on Solomons Island Road in Annapolis, Md. that features a wide assortment of retailers including Old Navy, The Fresh Market, Office Depot, Barnes & Noble, LOFT, Chico's, Rack Room Shoes, Omaha Steaks, Bow-Tie Cinemas, JoS. A. Bank Clothiers, Justice, South Moon Under, ULTA Beauty and T.G.I. Friday's, among many others. Annapolis Harbour Center also features the popular Pennsylvania Dutch Farmer's Market (PADutchFarmMarket.com) that is open Thursdays – Saturdays.

About Nordstrom:

Nordstrom, Inc. is one of the nation's leading fashion specialty retailers, with 193 stores located in 28 states. Founded in 1901 as a shoe store in Seattle, today Nordstrom operates 114 full-line stores, 76 Nordstrom Racks, two Jeffrey boutiques and one clearance store. 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.

About Lerner:

Lerner Enterprises (Lerner.com) of Rockville, Md., founded by Theodore N. Lerner in 1952, is Washington, D.C.'s largest private real estate developer and is involved in all phases of commercial, residential, retail, hotel and mixed-use real estate. This includes planning, development, construction, leasing, asset and property management. Lerner has developed and currently manages more than 15 million square feet of office buildings, retail centers and residential communities.