SEATTLE, Feb. 2, 2016 /PRNewswire/ -- Seattle-based Nordstrom, Inc. (NYSE: JWN) announced today plans to open a Nordstrom Rack at Lincoln Plaza in Langhorne, Pa. The approximately 26,500-square-foot store is scheduled to open in fall 2016. Lincoln Plaza is owned and managed by Simon, a global leader in retail real estate and is adjacent to Oxford Valley Mall, a landmark area retail destination which is also owned and managed by Simon.
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. 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.
Located just off I-95 and US 1 Old Lincoln Highway in Langhorne next to the Oxford Valley Mall, the Lincoln Plaza Rack will be surrounded by a strong mix of fashion and specialty retailers. The new Nordstrom Rack will move into a completely renovated space and will join other leading retailers including TJMaxx, Michaels, DSW and Homegoods.
"We're thrilled to further grow our presence in the greater Philadelphia area with our new location at Lincoln Plaza in Langhorne," said Geevy Thomas, president of Nordstrom Rack. "We hope this new store will make it more convenient for customers in the southeastern Delaware Valley to shop with us."
"We're delighted to have Nordstrom Rack join us at Lincoln Plaza," said David Contis, President of Simon Malls. "The addition of Nordstrom Rack is the perfect fit with our loyal Bucks County shoppers."
The Lincoln Plaza Nordstrom Rack will be the company's sixth Rack store in the greater Philadelphia area. The retailer has full-line Nordstrom stores at the renowned King of Prussia, and Cherry Hill Mall in Cherry Hill, N.J. and Rack stores in Cherry Hill and Princeton, N.J., King of Prussia, Willow Grove and in downtown Philadelphia.
About Simon Simon is a global leader in retail real estate ownership, management and development and a S&P100 company (Simon Property Group, NYSE: SPG). Our industry-leading retail properties and investments across North America, Europe and Asia provide shopping experiences for millions of consumers every day and generate billions in annual retail sales. For more information, visit simon.com.
About Nordstrom 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.
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SOURCE Nordstrom, Inc.