SEATTLE, May 16 /PRNewswire-FirstCall/ -- Seattle-based Nordstrom, Inc.
(NYSE: JWN), a leading fashion specialty retailer, announced today that it
will open a 35,000-square-foot Rack store at Park Lane in Dallas in fall 2008.
A highly anticipated development, Park Lane will be a mixed-use project with
more than 2.9 million square feet of retail, hotel, residential and office
space.
(Logo: http://www.newscom.com/cgi-bin/prnh/20001011/NORDLOGO)
The Nordstrom Rack is the company's off-price retail division that offers
savings of 30 to 75 percent on apparel, accessories and gifts for men, women
and children, including one of the most extensive collections of name-brand
shoes available. Rack merchandise is made up of products from Nordstrom full-
line stores and the company's online store at Nordstrom.com, as well as
special purchase items.
The Park Lane Rack will be the retailer's third Rack store in Texas.
Nordstrom also operates Rack stores at The Shops at Northeast Mall in Hurst
and Preston Sheppard Place in Plano.
"We're thrilled at the opportunity to open an additional Rack store in
Dallas," said Scott Meden, president of Nordstrom Rack. "The Nordstrom Rack at
Park Lane is centrally located, hopefully making it a convenient shopping
location for our customers."
"We are pleased to add Nordstrom Rack to our tenant mix," said Eliot
Barnett, managing partner of Harvest Partners, the project developer. "With
Park Lane's combination of unique shops and favorite consumer brands, we are
confident that Nordstrom Rack will be a shopping destination enhancing the
customer experience."
In addition to its Rack stores, Nordstrom also operates seven full-line
stores in Texas at Barton Creek Square in Austin, Galleria Dallas, NorthPark
Center in Dallas, Stonebriar Mall in Frisco, The Galleria in Houston, North
East Mall in Hurst and The Shops at La Cantera in San Antonio.
Park Lane is a 33-acre property in Dallas that sits across from NorthPark
Center in one of the country's most dynamic shopping districts. In the
equivalent of five city blocks and valued at $650 million, the project will
offer more than 750,000 square feet of retail, restaurant and entertainment
facilities, in addition to a 229-key, four-diamond luxury Valencia Hotel, a
78,000-square-foot SportsClub/LA, more than 650 apartments and 340,000 square
feet of office space. Park Lane is easily accessible from major highways and
thoroughfares and is connected to the city's light rail network at the Park
Lane DART station. More information on the development is available at
www.parklanedallas.com.
Nordstrom, Inc. is one of the nation's leading fashion specialty
retailers, with 155 U.S. stores located in 27 states. Founded in 1901 as a
shoe store in Seattle, today Nordstrom operates 98 full-line stores, 50
Nordstrom Racks, four Faconnable boutiques, one freestanding shoe store and
two clearance stores. Nordstrom also operates 36 Faconnable boutiques in
Europe. Additionally, Nordstrom serves customers through its online store at
www.nordstrom.com and through its catalogs. Nordstrom, Inc. is publicly
traded on the NYSE under the symbol JWN.
MEDIA CONTACTS: Michael Boyd of Nordstrom, Inc.
206-373-3038
michael.boyd@nordstrom.com
Stephanie Hoefken
Harvest Partners
214-891-7693
stephanie_hoefken@richards.com
SOURCE Nordstrom, Inc.
05/16/2007
CONTACT: Michael Boyd of Nordstrom, Inc., +1-206-373-3038, or
michael.boyd@nordstrom.com; or Stephanie Hoefken of Harvest Partners,
+1-214-891-7693, or stephanie_hoefken@richards.com, for Nordstrom, Inc.
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20001011/NORDLOGO
AP Archive: http://photoarchive.ap.org
PRN Photo Desk photodesk@prnewswire.com
Web site: http://www.nordstrom.com
