SEATTLE, Sept. 30, 2011 /PRNewswire via COMTEX/ --
Seattle-based Nordstrom, Inc. (NYSE: JWN) announced today plans to open a new Nordstrom Rack in Temecula, Calif. The 35,700-square-foot store is scheduled to open during spring 2012 at Inland Western Retail Real Estate Trust, Inc.'s (Inland Western) Commons at Temecula, located between the southern California communities of Riverside and Escondido.
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 off.
Commons at Temecula is a regional shopping center located next to Temecula Promenade mall just off I-15. The new Nordstrom Rack will occupy the former Linens 'n Things space and will be surrounded by an already strong mix of retailers, including Buy Buy Baby, Cost Plus World Market and Sport Chalet. The center is owned by Inland Western Temecula Commons LLC, a wholly owned subsidiary of Inland Western.
"This is Inland Western's first Nordstrom Rack, and we look forward to an ongoing partnership," said Jed Craig, vice president/leasing director for Inland Western. "We are pleased to have them join our excellent line up of tenants at Commons at Temecula, bringing great merchandise and strengthening the offering we have been seeking for the center."
"Southern California has been a great home to us for several years," said Geevy Thomas, president of Nordstrom Rack. "We're fortunate to have a lot of customers in the local community and hope our new store at Commons at Temecula will help us better serve them."
About Inland Western
We are a fully-integrated, self-administered and self-managed real estate company that owns and operates high quality, strategically located shopping centers and single-user retail properties. We are one of the largest owners and operators of shopping centers in the United States. As of June 30, 2011, our retail operating portfolio consisted of 267 properties with approximately 35,498,000 square feet of gross leasable area (GLA), was geographically diversified across 35 states and includes power centers, community centers, neighborhood centers and lifestyle centers, as well as single-user retail properties.
Nordstrom, Inc. is one of the nation's leading fashion specialty retailers. Founded in 1901 as a shoe store in Seattle, today Nordstrom operates 222 stores in 30 states, including 117 full-line stores, 101 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.