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TheStreet Open House

Nordstrom Rack To Open At Shops At Orchard Place In Skokie

Stocks in this article: IRCJWN





SEATTLE, July 30, 2013 /PRNewswire/ -- Seattle-based Nordstrom, Inc. (NYSE: JWN) announced today plans to open a Nordstrom Rack at Shops at Orchard Place in Skokie, Ill. The approximately 36,000-square-foot store is scheduled to open in spring 2014. Shops at Orchard Place is owned and managed by Inland Real Estate Corporation (NYSE: IRC)

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 has operated a full-line store in Skokie at Old Orchard Center since 1994 and a Rack in nearby Northbrook since 1996. The Shops at Orchard Place Rack will fill the location vacated by Best Buy across Skokie Boulevard from the Nordstrom full-line store at Old Orchard Center.

"Our best Rack stores are those closest to our full-line stores, and it doesn't get better than putting a Nordstrom Rack right across the street from Nordstrom Old Orchard," said Geevy Thomas, president of Nordstrom Rack. "Nordstrom has been serving Chicago's North Shore for nearly 20 years, and we are excited to get the chance to take care of our customers at this great new location."

Located at the northeast corner of Golf Road and Skokie Boulevard, Shops at Orchard Place is home to a mix of national and local tenants, including DSW, Ulta Beauty, Pier 1 Imports and Jared.

" Nordstrom Rack is a strong complement to our lineup of retailers at Shops at Orchard Place, and we are very pleased to welcome them to the center," said Scott Carr, chief investment officer of Inland Real Estate Corporation. "We believe Nordstrom Rack is a dynamic retail category for this center and will be a strong draw for shoppers."



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