July 16, 2014
. (NYSE: JWN) announced today plans to open a
at The Shops at Knollwood in
St. Louis Park, Minn.
The approximately 33,000-square-foot store is scheduled to open in spring 2015. The property is owned and managed by
Rouse Properties Inc.
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.
Recently rebranded The Shops at Knollwood, Rouse Properties launched an extensive redevelopment project in an effort to modernize and improve the shopping environment. The new Rack store will open in a renovated portion of the center alongside a mix of retailers including Kohl's, DSW, Old Navy,
T.J. Maxx Home Goods
and Cub Foods.
"We're excited to have the opportunity to expand our presence in
and better serve our customers by opening an additional
the Twin Cities
," said Geevy Thomas, president of
. "Our new store will offer customers in the surrounding communities of
an additional way to shop for the Nordstrom brands they love at great prices."
This will be the third Rack store in
with existing Rack stores in
at Mall of America and at Arbor Lakes in
. The company also operates one full line store at Mall of America and will open a second Nordstrom at Ridgedale Shopping Center in the fall of 2015.
"As one of the nation's most sought-after retailers, we are pleased that
will make The Shops at Knollwood its newest
, president and chief executive officer of Rouse Properties. "The Rack is a valuable addition to the center's retailer and merchandising mix as we complete our transformation of The Shops at Knollwood into an upscale and highly appealing shopping destination. We are excited to welcome the Rack next spring and to be able to offer consumers in the
area a more contemporary shopping experience with today's best brands and selection."
Nordstrom, Inc. is a leading fashion specialty retailer based in the U.S. Founded in 1901 as a shoe store in
, today Nordstrom operates 271 stores in 36 states, including 117 full-line stores, 151 Nordstrom Racks, two
boutiques, and one clearance store. Nordstrom also serves customers through
, the newly developed e-commerce site
, and its online private sale site,
. Nordstrom, Inc.'s common stock is publicly traded on the NYSE under the symbol JWN.
About Rouse Properties Inc.
Rouse Properties, Inc. (NYSE:RSE) is a publicly traded real estate investment trust headquartered in
New York City
and was founded on a legacy of innovation and creativity. Among the country's largest publicly traded regional mall owners, the Company's geographically diverse portfolio spans
the United States
from coast to coast.
Nordstrom, Inc.(206) 303-4250
Rouse Properties Inc. (646) 755-7088
SOURCE Nordstrom, Inc.