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TheStreet Open House

Nordstrom Rack To Open At Willowbrook Mall In Houston

Stocks in this article: GGPJWN

SEATTLE, July 9, 2013 /PRNewswire/ -- Seattle-based Nordstrom, Inc. (NYSE: JWN) announced today plans to open a third Houston-area Nordstrom Rack at Willowbrook Mall. The approximately 38,000-square-foot store is scheduled to open in fall 2014.  Willowbrook Mall is owned and managed by General Growth Properties (NYSE: GGP).

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% off regular prices. The Rack carries merchandise from Nordstrom stores and Nordstrom.com and specially purchased items from many of the top brands sold at Nordstrom. The Rack provides the ultimate treasure hunt to style-savvy customers.

Nordstrom first came to Houston with the opening of its full-line store at The Galleria in 2003.  The first Houston Rack store opened at Centre at Post Oak in 2010. Nordstrom has continued to expand across Houston, with the 2011 opening of a Rack at The Market at Town Center and a recently announced full-line store at The Woodlands Mall to open September 5, 2014. 

"We've been looking for opportunities to better serve Houston customers as we continue to grow," said Geevy Thomas, president of Nordstrom Rack. "We are grateful for the great response to our Rack stores at Post Oak and in Sugar Land, and are eager for the chance to earn our customers' business in North Houston at Willowbrook Mall."

The single-level Nordstrom Rack will be new construction, with an exterior entrance on the northwest side of the mall and an interior entrance from the northwest wing, which will be renovated by GGP.

"Our goal is to provide our shoppers with the best in retail.  This is the only Nordstrom Rack on the north/northwest side of the greater Houston area," said Richard Pesin, executive vice president of anchors, construction and development for GGP.  " Nordstrom Rack has successfully married fashion, style and affordability with unparalleled customer service.  Nordstrom Rack joins a stellar list of fashion retailers at Willowbrook."

About Willowbrook Mall Willowbrook Mall is a 1.4-million-square-foot mall located in northwest Houston.  Willowbrook Mall is currently anchored by Macy's, Macy's Men's & Furniture, Dillard's, jcpenney and Sears.  Willowbrook Mall features an exciting variety of the most sought-after retailers in America including Abercrombie & Fitch, Apple, Michael Kors, Banana Republic, bareMinerals, bebe, Buckle, Coach, Caché, Clarks, Foreign Exchange, GUESS, H&M, Sephora, Soma Intimates and Swarovski.  More than 19 million shoppers a year visit Willowbrook Mall. 

About General Growth Properties General Growth Properties, Inc. is a fully integrated, self-managed and self-administered real estate investment trust focused exclusively on owning, managing, leasing, and redeveloping regional malls throughout the United States. GGP's portfolio is comprised of 123 regional malls in the United States totaling approximately 124 million square feet of gross leasable area. GGP is headquartered in Chicago, Illinois, and publicly traded on the NYSE under the symbol GGP.  For further information please visit www.ggp.com.

About Nordstrom 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 248 stores in 33 states, including 117 full-line stores, 127 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 CONTACTS: Colin JohnsonNordstrom, Inc.(206) 303-3036 colin.johnson@nordstrom.com

David KeatingGGP(312) 960-6325 david.keating@ggp.com

(Logo: http://photos.prnewswire.com/prnh/20001011/NORDLOGO)

SOURCE Nordstrom, Inc.

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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