SEATTLE, Jan. 22 /PRNewswire-FirstCall/ -- Seattle-based Nordstrom, Inc. (NYSE: JWN) announced plans to open a new Nordstrom Rack in downtown Chicago. The 36,000-square-foot store will be located on East Chicago Avenue between North Michigan Avenue and North Rush Street, and is expected to open in Fall 2010.
The Nordstrom Rack will join a vibrant retail, dining, and hospitality presence at this city block location that includes the Chicago flagship Polo store and RL Restaurant, Tiffany & Co., Banana Republic and the five-star Peninsula Chicago hotel.
This will be the seventh Nordstrom Rack in the greater Chicago area and the second Nordstrom Rack downtown, joining the Nordstrom Rack at the Shops at State and Washington on North State Street. The nearest Full-line store is the Nordstrom Michigan Avenue store, less than one mile from the new Nordstrom Rack location.
"We have a lot of great Chicagoland customers and want to give them yet another way to shop with us," said Scott Meden, president of Nordstrom Rack. "This is a terrific location just off the Magnificent Mile that is easily accessible and part of a strong retail mix. We are very excited about this opportunity to serve more of our customers in downtown Chicago."
Nordstrom Rack 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.
Nordstrom, Inc. is one of the nation's leading fashion specialty retailers, with 184 stores located in 28 states. Founded in 1901 as a shoe store in Seattle, today Nordstrom operates 112 Full-line stores, 69 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.
SOURCE Nordstrom, Inc.