Nordstrom Rack To Open In Mount Pleasant, S.C.

Sep 03, 2014, 10:00 ET from Nordstrom, Inc.

SEATTLE, Sept. 3, 2014 /PRNewswire/ -- Seattle-based Nordstrom, Inc. (NYSE: JWN) announced today plans to open a Nordstrom Rack at Bowman Place in Mount Pleasant, S.C. The approximately 34,500-square-foot store is scheduled to open in fall 2015. Bowman Place is owned and managed by Charleston based Grove Property Fund LLC.

The new Rack store will be a part of a total renovation of the former Kmart center and will be located just off Johnnie Dodds Boulevard and I-526.

"We have been looking for more opportunities to serve customers in South Carolina and we're excited to bring a Nordstrom Rack closer to home for customers in Mount Pleasant," said Geevy Thomas, president of Nordstrom Rack. "Bowman Place is an excellent location and we look forward to opening our doors next fall."

When it opens, it will be the third Rack store in South Carolina. The company is opening their first Rack location at Magnolia Park in Greenville October 3 and will open a second location in Columbia at Harbison Court on October 24.

"With Nordstrom's long track record as one of the nation's top fashion retailers we believe there is no better choice than Nordstrom Rack to co-anchor our new Bowman Place development," said Donna Patterson, regional property manager for Grove Property Fund LLC.

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 and 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.

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 270 stores in 36 states, including 116 full-line stores, 151 Nordstrom Racks, two Jeffrey boutiques, and one clearance store. Nordstrom also serves customers through;; online private sale site HauteLook; and Trunk Club, a personalized clothing service. Nordstrom, Inc.'s common stock is publicly traded on the NYSE under the symbol JWN.

About Bowman Place Bowman Place is located on Bowman Road and adjacent to Johnnie Dodds Boulevard, just off I-526 in Mount Pleasant. The redevelopment, underway at the highly visible former Kmart site, was designed by renowned local architects Stubbs Muldrow Herin Architects. Once complete, Bowman Place will consist of over 125,000-square feet of retail and restaurant space.

MEDIA CONTACTS: Naomi Tobis Nordstrom, Inc. (206) 303-4250

Ed Navarro Grove Property Fund LLC (860) 430-3105

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SOURCE Nordstrom, Inc.