SEATTLE, Oct. 16, 2012 /PRNewswire/ -- Seattle-based Nordstrom, Inc., (NYSE: JWN) announced today plans to open a new Nordstrom Rack at Baldwin Commons in Auburn Hills just outside of Detroit. The approximately 34,800 square-foot store is slated to open spring 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.
Baldwin Commons is a 400,000 square-foot shopping center conveniently located off Interstate 75 on Baldwin Road. The new Nordstrom Rack will occupy the former Linens 'n Things space in the central area of the center, and joins co-tenants DSW, Kohl's, Old Navy and Ulta among others. Baldwin Commons is owned and managed by Lormax Stern, Kirco Development and Walbridge.
"We feel fortunate to have a lot of loyal customers in the greater Detroit area and are excited about the opportunity to more conveniently serve those who would like to shop with us in the Auburn Hills community," said Geevy Thomas, president of Nordstrom Rack. "Baldwin Commons is a terrific shopping center and we look forward to getting our doors open next spring.""We are thrilled to have Nordstrom Rack join Baldwin Commons," said Daniel Stern on behalf of Baldwin Commons. "The addition of the new Rack store, along with the new stores that have joined over the past couple of years, makes the shopping center a compelling destination for North Oakland County residents and beyond." Nordstrom currently has two Nordstrom Rack stores in Michigan including stores at Troy Marketplace in Troy, Mich. and Centerpointe Mall in Grand Rapids, Mich. Additionally, the company operates three full-line stores in the greater Detroit area including locations at Somerset Collection, Twelve Oaks Mall and Partridge Creek. In addition to the Auburn Hills store, Nordstrom Rack will also open in Ann Arbor, Mich. in spring 2013. About Nordstrom Nordstrom, Inc. is one of the nation's leading fashion specialty retailers. Founded in 1901 as a shoe store in Seattle, today Nordstrom operates 237 stores in 31 states, including 117 full-line stores, 116 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. MEDIA CONTACT: Aubrie CoreyNordstrom, Inc.(206) 303-4250 (Logo: http://photos.prnewswire.com/prnh/20001011/NORDLOGO)
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV