SEATTLE, April 28 /PRNewswire-FirstCall/ -- Seattle-based Nordstrom, Inc.
(NYSE: JWN), a leading fashion specialty retailer, announced it will open a
33,000-square-foot Nordstrom Rack, a unit of the company's off-price retail
division, at Miracle Marketplace located in Coral Gables, Fla. in spring 2010.
"This center has evolved over the years and we are excited to be a part of
its redevelopment into Miracle Marketplace," said Scott Meden, president of
Nordstrom Rack. "We've been very happy with our Nordstrom stores in Coral
Cables and Miami and look forward to offering our customers in the area a
Nordstrom Rack store to shop as well."
This will be the retailer's fourth Nordstrom Rack in Florida, which
includes two new Nordstrom Rack's that will be opening prior to the Miracle
Marketplace Rack; one at Millenia Crossing in Orlando in fall 2009 and another
at The Palms at Town & Country in Kendall in spring 2010 as well as an
existing store at Sawrass Mills in Sunrise. The company also operates nine
Nordstrom full-line stores in Florida.
"Nordstrom Rack will be a great addition to the already strong retail mix
at Miracle Marketplace," said James Schlesinger, CEO of AWE Talisman
"We are very excited with this announcement. We are proud to welcome
Nordstrom Rack to Miami," said Miami City Commissioner, Tomas Regalado.
A redevelopment of the former shopping center known as Paseos, the new
Miracle Marketplace will have 250,000 square-feet of retail and restaurants
spanning three levels when completed in 2010. Miracle Marketplace is located
in the heart of Coral Gables and sits along the section of Coral Way referred
to as the Miracle Mile. Its existing tenants include Bally's Total Fitness,
Bed Bath & Beyond, DSW, Marshall's and Petsmart.
AWE Talisman Companies is based in Coral Gables, Florida and owns and
operates such other notable developments as Fashion Outlets of Las Vegas in
Primm, Nevada, Fashion Outlets of Niagara Falls in Niagara Falls, New York and
Fashion Outlets of Santa Fe in Santa Fe, New Mexico.
Nordstrom Rack is the company's off-price retail division offering savings
of 30 to 70 percent on apparel and accessories for women, men and children,
including one of the most extensive collections of name-brand shoes available.
Nordstrom 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
Nordstrom, Inc. is one of the nation's leading fashion specialty
retailers, with 175 stores located in 28 states. Founded in 1901 as a shoe
store in Seattle, today Nordstrom operates 111 full-line stores, 60 Nordstrom
Racks, two Jeffrey boutiques and two clearance stores. Nordstrom also serves
customers through its online presence at www.nordstrom.com and through its
catalogs. Nordstrom, Inc. is publicly traded on the NYSE under the symbol JWN.
SOURCE Nordstrom, Inc.
CONTACT: Julee Kraus of Nordstrom, Inc., +1-206-373-3038; or Ann
Ackerman of AWE Talisman, +1-724-530-6655
PRN Photo Desk email@example.com
Web Site: http://www.nordstrom.com