Apr 15, 2013, 12:00 ET
SEATTLE, April 15, 2013 /PRNewswire/ -- Seattle-based Nordstrom, Inc. (NYSE: JWN) announced today plans to open a Nordstrom Rack at Gallery on the Parkway in Dallas, Texas. The approximately 39,180-square-foot store is scheduled to open in fall 2013.
Nordstrom Rack is the off-price retail division of Nordstrom, Inc., carrying on-trend merchandise from Nordstrom stores and Nordstrom.com at 50 to 60 percent 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. These items are purchased specially for Nordstrom Rack, with most at savings of 30 to 70 percent off.
Nordstrom currently operates four full-line stores and four Rack stores in the greater Dallas-Fort Worth metropolitan area. "We're excited to have the opportunity to further grow our northern Dallas presence," said Geevy Thomas, president of Nordstrom Rack. "Our Dallas customers love fashion and we're pleased to offer one more Nordstrom destination in the area."
The new Nordstrom Rack will be conveniently located at Gallery on the Parkway, which is easily accessible from Interstate 635 and the Dallas North Tollway, and is located just one and a half blocks north of the Nordstrom full-line location at Dallas Galleria. The new Rack will occupy the former Christmas Tree Shops space and will join co-tenants Bed Bath & Beyond and buybuy BABY.
"The Gallery on the Parkway, owned and operated by Bed Bath & Beyond Inc., is excited to welcome Nordstrom Rack to this dynamic retail destination and is pleased to add this quality retailer to better serve its Dallas customers," the company spokesperson commented.
About Bed Bath & Beyond, Inc.
Bed Bath & Beyond Inc. and subsidiaries (the "Company") operates a chain of retail stores under the names of Bed Bath & Beyond, World Market, Cost Plus World Market, World Market Stores, Christmas Tree Shops, andThat!, Harmon, Harmon Face Values and buybuy BABY. The Company is also a partner in a joint venture which operates retail stores in Mexico under the name Bed Bath & Beyond. Through its retail stores, the Company sells a wide assortment of domestics merchandise and home furnishings. Domestics merchandise includes categories such as bed linens and related items, bath items and kitchen textiles. Home furnishings include categories such as kitchen and tabletop items, fine tabletop, basic housewares, general home furnishings, consumables and certain juvenile products. Additionally, the Company includes Linen Holdings, a business-to-business distributor of a variety of textile products, amenities and other goods to customers in the hospitality, cruise line, food service, healthcare and other industries. As of March 2, 2013, the Company had a total of 1,471 stores, including 1,004 Bed Bath & Beyond stores in all 50 states, the District of Columbia, Puerto Rico and Canada, 264 stores under the names of World Market, Cost Plus World Market, or World Market Stores, 74 stores under the names of Christmas Tree Shops or andThat!, 82 buybuy BABY stores and 47 stores under the names of Harmon or Harmon Face Values. Shares of Bed Bath & Beyond Inc. are traded on NASDAQ under the symbol "BBBY" and are included in the Standard and Poor's 500 and Global 1200 Indices and the NASDAQ-100 Index. The Company is counted among the Fortune 500 and the Forbes 2000.
Nordstrom, Inc. is one of the leading fashion specialty retailers based in the U.S. Founded in 1901 as a shoe store in Seattle, today Nordstrom operates 242 stores in 31 states, including 117 full-line stores, 121 Nordstrom Racks, two Jeffrey boutiques, one treasure&bond store and one clearance store. Nordstrom also serves customers through Nordstrom.com and through its catalogs. Additionally, the Company operates in the online private sale marketplace through its subsidiary HauteLook. Nordstrom, Inc.'s common stock is publicly traded on the NYSE under the symbol JWN.
Bed Bath & Beyond, Inc.
SOURCE Nordstrom, Inc.
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