SEATTLE, June 25, 2012 /PRNewswire/ -- Seattle-based Nordstrom, Inc., (NYSE: JWN) announced today plans to open a new Nordstrom Rack at The Fountains at Farah, a new power and lifestyle shopping center in El Paso, Texas. The store will be approximately 35,000-square-feet and is scheduled to open in the fall of 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.
Centrally located in El Paso at Hawkins Blvd. and I-10, adjacent to Cielo Vista Mall, The Fountains at Farah will feature over 600,000 square feet of retail and restaurant space as well as lifestyle shopping amenities. The Fountains at Farah is being developed and managed by Centergy Retail LLC, Dallas, Texas.
"We're looking forward to bringing a Nordstrom Rack to El Paso next year so that we can better serve customers in West Texas and across the border," said Geevy Thomas, president of Nordstrom Rack. "The Fountains at Farah is an exciting project and we're thrilled to be a part of it."
West Miller, president of Centergy Retail, said, "We are equally excited to have such a great, nationally-recognized brand like Nordstrom Rack join The Fountains at Farah. Having one of the only major shopping centers under construction in the entire country has allowed us to attract many quality national tenants."
About Centergy Retail
Centergy Retail, LLC is a Dallas based full-service retail development and operations company. To learn more visit www.centergyretail.com
Nordstrom, Inc. is one of the nation's leading fashion specialty retailers. Founded in 1901 as a shoe store in Seattle, today Nordstrom operates 231 stores in 31 states, including 117 full-line stores, 110 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.
SOURCE Nordstrom, Inc.