STOCK TITAN

Nordstrom Rack to Open New Location in Apple Valley, Minnesota

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary

Nordstrom, Inc. announced plans to open a new Nordstrom Rack location in Apple Valley, Minnesota in spring 2025, offering great brands at great prices. The 30,000 square-foot store will be located in Fischer Marketplace, contributing to Nordstrom's Closer to You strategy. Nordstrom's expansion in Minnesota will create jobs and further economic impact in the state.

Positive
  • Nordstrom expanding its physical footprint and economic impact in Minnesota.

  • New Nordstrom Rack location in Apple Valley will offer great brands at great prices.

  • Commitment to investing in diverse communities and supporting Big Brothers Big Sisters of the United States.

Negative
  • None.

SEATTLE, May 6, 2024 /PRNewswire/ -- Seattle-based fashion retailer Nordstrom, Inc. (NYSE: JWN) announced plans to open a new Nordstrom Rack in Apple Valley, Minnesota in spring 2025. 

"We look forward to being a part of the Apple Valley community and serving our customers with an amazing offering of great brands at great prices," said Gemma Lionello, President of Nordstrom Rack. "We're excited to grow our footprint in the Minneapolis market and introduce new customers to the Nordstrom experience."  

Lionello added that in this location "customers will be able to take advantage of our convenient services such as online order pick up from both Nordstrom.com and NordstromRack.com, and they can make returns easily."

The 30,000 square-foot store will be located in Fischer Marketplace, a popular shopping center that includes Fresh Thyme, Ulta Beauty and Michaels. Fischer Marketplace is managed by Cushman & Wakefield and is ideally located off County Road 42 and Galaxie Avenue.

Nordstrom Rack is the off-price retail division of Nordstrom, Inc. and plays a critical role in the company's Closer to You strategy, which focuses on delivering customers a more convenient and interconnected experience across its stores and digital platforms. Nordstrom Rack offers customers up to 70 percent off on-trend apparel, accessories, beauty, home and shoes from many of the top brands sold at Nordstrom stores as well as core services like online order pickup for Nordstrom.com and NordstromRack.com, easy returns and alterations at select stores. Nordstrom Rack is the largest source of new customers to Nordstrom.

With the addition of this new location, Nordstrom expands its physical footprint and economic impact in Minnesota. The company currently operates two Nordstrom stores and four Nordstrom Rack stores in Minnesota, generating more than 750 jobs statewide. 

Nordstrom is committed to investing in the diverse communities where it operates. Over the past four years, Nordstrom, with its customers, has donated more than $2 million in support of its long-term partnership with Big Brothers Big Sisters of the United States. These proceeds support the recruitment, training and engagement of adult mentors and mentorship moments between Bigs and Littles, including preparing for an interview, learning to tie a tie and helping with homework.  

About Nordstrom 
At Nordstrom, Inc. (NYSE: JWN), we exist to help our customers feel good and look their best. Since starting as a shoe store in 1901, how to best serve customers has been at the center of every decision we make. This heritage of service is the foundation we're building on as we provide convenience and true connection for our customers. Our interconnected model enables us to serve customers when, where and how they want to shop – whether that's in-store at more than 350 Nordstrom, Nordstrom Local and Nordstrom Rack locations or digitally through our Nordstrom and Rack apps and websites. Through it all, we remain committed to leaving the world better than we found it. 

MEDIA CONTACT:  
Sepeedeh Hashemian 
Nordstrom, Inc. 
NordstromPR@Nordstrom.com  

Nordstrom Incorporated logo. (PRNewsFoto) (PRNewsfoto/Nordstrom, Inc.)

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/nordstrom-rack-to-open-new-location-in-apple-valley-minnesota-302136528.html

SOURCE Nordstrom, Inc.

FAQ

When will the new Nordstrom Rack location in Apple Valley, Minnesota open?

The new Nordstrom Rack location is set to open in spring 2025.

What services will be available at the new location?

Customers can take advantage of online order pick up from both Nordstrom.com and NordstromRack.com, as well as easy returns.

What is the size of the new store in Fischer Marketplace?

The new store will be 30,000 square feet in size.

How many Nordstrom stores and Nordstrom Rack stores currently operate in Minnesota?

Nordstrom currently operates two Nordstrom stores and four Nordstrom Rack stores in Minnesota.

What is Nordstrom's commitment to diverse communities in Minnesota?

Nordstrom is committed to investing in the diverse communities where it operates and has donated over $2 million to support its partnership with Big Brothers Big Sisters of the United States.

Nordstrom, Inc.

NYSE:JWN

JWN Rankings

JWN Latest News

JWN Stock Data

4.04B
93.94M
43.19%
51.58%
6.53%
Department Stores
Retail-family Clothing Stores
Link
United States of America
SEATTLE