This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Nordstrom Rack To Open In West Palm Beach, Fla.

SEATTLE, July 17, 2013 /PRNewswire/ -- Seattle-based Nordstrom, Inc. (NYSE: JWN) announced today plans to open a Nordstrom Rack at Palm Beach Outlets in West Palm Beach, Fla. The approximately 35,000 square-foot store is scheduled to open in fall 2014.

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.

"We're thrilled to have the opportunity to bring a Nordstrom Rack to West Palm Beach," said Geevy Thomas, president of Nordstrom Rack. "We're grateful for the tremendous response we've had from our southeast Florida customers ever since we arrived. We've been focused on growing our store presence throughout Florida, and are looking forward to helping more customers who live in and visit Palm Beach County when we open next year."

The Nordstrom Rack will be on the Western side of the center, as part of the adjacent retail mix located alongside I-95. The newly developed 900,000 square-foot Palm Beach Outlets is easily accessible from I-95 at Palm Beach Lakes Boulevard. Palm Beach Outlets is a joint venture between New England Development and Eastern Real Estate.

"We're delighted to join Nordstrom Rack in announcing their new store at Palm Beach Outlets," said Stephen R. Karp, Chairman of New England Development. "Nordstrom Rack will make Palm Beach Outlets an exciting shopping destination for local and regional residents as well as thousands of tourists and visitors to Palm Beach County."

The first Nordstrom full-line store in Florida opened in the Town Center at Boca Raton in 2000. Nordstrom Rack first came to southeast Florida in 2003 with the opening of its Sawgrass Mills store. Today, the company operates five Rack stores and six full-line stores in the greater southeast Florida region. The company will open two additional Nordstrom Rack stores in Florida on November 7 in Jacksonville and Naples. 

Palm Beach Outlets Palm Beach Outlets is a 900,000 square foot retail center in West Palm Beach, Florida being developed by New England Development and Eastern Real Estate. Located immediately off Interstate 95 on Palm Beach Lakes Boulevard, Palm Beach Outlets will feature 80-100 outlet stores and an adjacent retail center with a dynamic mix of national tenants.

About New England Development New England Development is one of the nation's premier real estate development and management companies, with more than 50 million square feet of retail, commercial and residential space to their credit. Founded by Chairman and Chief Executive Officer Stephen R. Karp, New England Development has 35 years of retail development, leasing and management experience and is one of the major mall developers in the Northeast. Acclaimed for some of the country's most widely recognized and successful regional malls, New England Development is also known for developing mixed-use complexes featuring retail, residential, hotel and office uses; outlet centers; power centers; marinas; golf courses; resort and convention hotel properties; and even an entire planned community.

Eastern Real Estate Eastern Real Estate LLC is a privately held commercial real estate firm with expertise in capital investment, real estate development, and asset management. The Company was founded and is led by principals Daniel J. Doherty III and Brian J. Kelly. During their thirty year careers Doherty and Kelly have had direct involvement in over 30 million square feet of transactions, building Eastern a well-earned reputation for industry leading insight and unwavering professional integrity.

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

Deborah Black New England Development617-243-7363

SOURCE Nordstrom, Inc.

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

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,021.77 -17.72 -0.10%
S&P 500 1,991.34 -1.03 -0.05%
NASDAQ 4,544.4090 +12.3050 0.27%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs