STOCK TITAN

Nordstrom Rack to Open New Location in Holbrook, New York

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

Nordstrom (NYSE: JWN) has announced plans to open a new Nordstrom Rack store in Holbrook, New York, in fall 2025. The 27,000-square-foot store will be located in The Shops at SunVet, a popular shopping center owned and managed by Regency Centers. This expansion aligns with Nordstrom's Closer to You strategy, focusing on delivering a more convenient and interconnected experience across stores and digital platforms.

Nordstrom Rack offers up to 70 percent off on-trend apparel, accessories, beauty products, home decor, and shoes from top brands sold at Nordstrom stores. The new location will provide services such as online order pickup from Nordstrom.com and NordstromRack.com, as well as easy returns and alterations at select stores. This expansion will increase Nordstrom's presence in New York to five Nordstrom stores and 12 Nordstrom Rack stores, generating over 2,000 jobs statewide.

Nordstrom (NYSE: JWN) ha annunciato l'apertura di un nuovo negozio Nordstrom Rack a Holbrook, New York, nell'autunno 2025. Il negozio, che si estenderà su una superficie di 27.000 piedi quadrati, sarà situato in The Shops at SunVet, un popolare centro commerciale di proprietà e gestito da Regency Centers. Questa espansione si allinea con la strategia Closer to You di Nordstrom, che punta a offrire un'esperienza più conveniente e interconnessa tra negozi e piattaforme digitali.

Nordstrom Rack offre sconti fino al 70 percento su abbigliamento alla moda, accessori, prodotti di bellezza, decorazioni per la casa e scarpe dei migliori marchi venduti nei negozi Nordstrom. La nuova sede offrirà servizi come il ritiro degli ordini online da Nordstrom.com e NordstromRack.com, oltre a facili resi e modifiche in alcuni negozi selezionati. Questa espansione aumenterà la presenza di Nordstrom a New York a cinque negozi Nordstrom e 12 negozi Nordstrom Rack, generando oltre 2.000 posti di lavoro a livello statale.

Nordstrom (NYSE: JWN) ha anunciado planes para abrir una nueva tienda Nordstrom Rack en Holbrook, Nueva York, en otoño de 2025. La tienda de 27.000 pies cuadrados estará ubicada en The Shops at SunVet, un popular centro comercial de propiedad y gestión de Regency Centers. Esta expansión se alinea con la estrategia Closer to You de Nordstrom, que se centra en ofrecer una experiencia más conveniente e interconectada en las tiendas y plataformas digitales.

Nordstrom Rack ofrece descuentos de hasta el 70 por ciento en ropa de moda, accesorios, productos de belleza, decoración para el hogar y calzado de las mejores marcas vendidas en las tiendas Nordstrom. La nueva ubicación proporcionará servicios como la recogida de pedidos en línea de Nordstrom.com y NordstromRack.com, así como devoluciones y alteraciones fáciles en algunas tiendas seleccionadas. Esta expansión aumentará la presencia de Nordstrom en Nueva York a cinco tiendas Nordstrom y 12 tiendas Nordstrom Rack, generando más de 2.000 empleos en todo el estado.

노드스트롬(NYSE: JWN)은 2025년 가을뉴욕 홀브룩에 새로운 노드스트롬 랙 매장을 열 계획이라고 발표했습니다. 27,000평방피트 규모의 매장은 레젠시 센터스가 소유하고 관리하는 인기 쇼핑센터인 The Shops at SunVet에 위치할 예정입니다. 이번 확장은 노드스트롬의 Closer to You 전략과 일치하며, 매장과 디지털 플랫폼 간의 더 편리하고 상호 연결된 경험을 제공하는 데 중점을 두고 있습니다.

노드스트롬 랙은 노드스트롬 매장에서 판매되는 유명 브랜드의 최신 의류, 액세서리, 뷰티 제품, 홈 데코 및 신발을 최대 70% 할인된 가격에 제공합니다. 새로운 매장에서는 Nordstrom.com 및 NordstromRack.com에서 온라인 주문 수령과 선택된 매장에서의 쉬운 반품 및 수선 서비스도 제공될 예정입니다. 이번 확장으로 노드스트롬의 뉴욕 내 매장은 5개 노드스트롬 매장과 12개 노드스트롬 랙 매장으로 증가하며, 주 전역에 걸쳐 2,000개 이상의 일자리를 창출할 것입니다.

Nordstrom (NYSE: JWN) a annoncé son intention d'ouvrir un nouveau magasin Nordstrom Rack à Holbrook, New York, à l'automne 2025. Le magasin de 27 000 pieds carrés sera situé dans The Shops at SunVet, un centre commercial populaire géré par Regency Centers. Cette expansion s'inscrit dans la stratégie Closer to You de Nordstrom, qui vise à offrir une expérience plus pratique et interconnectée entre les magasins et les plateformes numériques.

Nordstrom Rack propose jusqu'à 70 % de réduction sur des vêtements tendance, des accessoires, des produits de beauté, de la décoration pour la maison et des chaussures des meilleures marques vendues dans les magasins Nordstrom. Le nouvel emplacement offrira des services tels que le retrait des commandes en ligne sur Nordstrom.com et NordstromRack.com, ainsi que des retours et des modifications faciles dans certains magasins sélectionnés. Cette expansion augmentera la présence de Nordstrom à New York à cinq magasins Nordstrom et 12 magasins Nordstrom Rack, générant plus de 2 000 emplois dans l'État.

Nordstrom (NYSE: JWN) hat Pläne angekündigt, eine neue Nordstrom Rack Filiale in Holbrook, New York, im Herbst 2025 zu eröffnen. Die 27.000 Quadratfuß große Filiale wird im The Shops at SunVet angesiedelt, einem beliebten Einkaufszentrum, das von Regency Centers betrieben und verwaltet wird. Diese Expansion steht im Einklang mit der Closer to You-Strategie von Nordstrom, die darauf abzielt, ein bequemeres und vernetztes Einkaufserlebnis in den Geschäften und digitalen Plattformen zu bieten.

Nordstrom Rack bietet bis zu 70 Prozent Rabatt auf modische Bekleidung, Accessoires, Beauty-Produkte, Wohnkultur und Schuhe von Top-Marken, die in den Nordstrom-Filialen verkauft werden. Der neue Standort wird Dienstleistungen wie die Abholung von Online-Bestellungen von Nordstrom.com und NordstromRack.com sowie einfache Rückgaben und Änderungen in ausgewählten Geschäften anbieten. Diese Expansion wird die Präsenz von Nordstrom in New York auf fünf Nordstrom-Filialen und 12 Nordstrom Rack-Filialen erhöhen und über 2.000 Arbeitsplätze im Bundesstaat schaffen.

Positive
  • Expansion of Nordstrom Rack's physical footprint in New York
  • New store aligns with company's Closer to You strategy
  • Potential for increased customer base and revenue
  • Creation of new jobs in the local community
Negative
  • None.

Insights

The announcement of a new Nordstrom Rack location in Holbrook, New York, is part of Nordstrom's ongoing expansion strategy but likely has minimal immediate impact on the company's financial performance. While new store openings can contribute to long-term growth, a single location is unlikely to significantly move the needle for a company of Nordstrom's size.

The 27,000-square-foot store aligns with Nordstrom's "Closer to You" strategy, which aims to enhance customer convenience through an interconnected experience across stores and digital platforms. This approach could potentially drive customer acquisition and retention, as Nordstrom Rack is noted as the largest source of new customers for the company.

However, investors should consider the broader retail landscape. With 70% discounts on brand-name items, Nordstrom Rack caters to price-sensitive consumers, which could be advantageous in the current economic climate. Yet, the off-price segment is highly competitive, with players like TJ Maxx and Ross Stores vying for market share.

While the expansion demonstrates confidence in the New York market, the fall 2025 opening date means any financial impact won't be realized in the near term. Investors should monitor the performance of existing Nordstrom Rack locations and the overall off-price retail sector for more immediate indicators of the company's health.

SEATTLE, Sept. 25, 2024 /PRNewswire/ -- Seattle-based fashion retailer Nordstrom, Inc. (NYSE: JWN) announced plans to open a new Nordstrom Rack in Holbrook, New York, in fall 2025. 

"We look forward to being a part of the Holbrook 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 New York 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 27,000-square-foot store will be located in The Shops at SunVet, a popular shopping center that includes Starbucks and Whole Foods Market. The Shops at SunVet is owned and managed by Regency Centers and is on the corner of Sunrise Highway and Veterans Memorial Highway.

"Nordstrom Rack is a perfect addition to what is being developed at The Shops at SunVet," said Jack deVilliers, Senior Market Officer at Regency Centers. "Their best-in-class teams make them not only a great group to work with, but also a merchant-of-choice for the surrounding community. This project just keeps getting better and better, and Nordstrom's inclusion is a point of pride for our team."

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 products, home decor 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. 

This new location expands the company's physical footprint and economic impact in New York. It currently operates five Nordstrom stores and 11 Nordstrom Rack stores in New York, generating more than 2,000 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. 

About Regency Centers
Regency Centers is a preeminent national owner, operator, and developer of shopping centers located in suburban trade areas with compelling demographics. Our portfolio includes thriving properties merchandised with highly productive grocers, restaurants, service providers, and best-in-class retailers that connect to their neighborhoods, communities, and customers. Operating as a fully integrated real estate company, Regency Centers is a qualified real estate investment trust (REIT) that is self-administered, self-managed, and an S&P 500 Index member. For more information, please visit RegencyCenters.com.

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-holbrook-new-york-302258178.html

SOURCE Nordstrom, Inc.

FAQ

When will the new Nordstrom Rack store open in Holbrook, New York?

The new Nordstrom Rack store in Holbrook, New York is planned to open in fall 2025.

How large will the new Nordstrom Rack store in Holbrook be?

The new Nordstrom Rack store in Holbrook will be 27,000 square feet in size.

What services will be available at the new Nordstrom Rack store in Holbrook?

The new store will offer online order pickup from Nordstrom.com and NordstromRack.com, easy returns, and alterations at select stores.

How many Nordstrom and Nordstrom Rack stores will be in New York after this expansion?

After this expansion, Nordstrom will have 5 Nordstrom stores and 12 Nordstrom Rack stores in New York.

What is Nordstrom's stock symbol?

Nordstrom's stock symbol is JWN, traded on the New York Stock Exchange (NYSE).

Nordstrom, Inc.

NYSE:JWN

JWN Rankings

JWN Latest News

JWN Stock Data

3.62B
163.26M
38.31%
54.73%
9.09%
Department Stores
Retail-family Clothing Stores
Link
United States of America
SEATTLE