Nordstrom Rack to Open New Location in Hyannis, Massachusetts

Rhea-AI Summary

Nordstrom, Inc. (NYSE: JWN) has announced plans to open a new Nordstrom Rack in Hyannis, Massachusetts, in fall 2025. The 25,000-square-foot store will be located in The Landing at Hyannis, a popular shopping center owned and managed by WS Development. This expansion aligns with Nordstrom's Closer to You strategy, focusing on delivering a more convenient and interconnected experience across stores and digital platforms.

The new location will offer up to 70 percent off on-trend apparel, accessories, beauty products, home decor, and shoes from top brands sold at Nordstrom stores. It will also provide services such as online order pickup from Nordstrom.com and NordstromRack.com, as well as easy returns and alterations at select stores. This addition expands Nordstrom's presence in Massachusetts, where it currently operates four Nordstrom stores and seven Nordstrom Rack stores, generating more than 900 jobs statewide.

Positive

• Expansion of Nordstrom Rack's physical footprint in Massachusetts
• Alignment with the company's Closer to You strategy for improved customer experience
• Potential for increased customer base and revenue through off-price retail division
• Creation of new jobs in the Hyannis community

Negative

• None.

News Market Reaction

-3.51%

1 alert

-3.51% News Effect

On the day this news was published, JWN declined 3.51%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

SEATTLE, Oct. 1, 2024 /PRNewswire/ -- Seattle-based fashion retailer Nordstrom, Inc. (NYSE: JWN) announced plans to open a new Nordstrom Rack in Hyannis, Massachusetts, in fall 2025.

"We look forward to being a part of the Hyannis 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 Boston 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 25,000-square-foot store will be located in The Landing at Hyannis, a popular shopping center that includes Whole Foods, Panera Bread, Old Navy and The Paper Store. The Landing at Hyannis is owned and managed by WS Development and is conveniently situated next to Barnstable Municipal Airport, at 790 Iyannough Road in Hyannis.

"We are delighted to welcome Nordstrom Rack to The Landing at Hyannis. Adding to our ever-evolving opening lineup of retail, this best-in-class brand offers a fresh and exciting shopping experience for our guests while underscoring WS's dedication to offering diverse and high-quality options to our community," said Bryan Furze, senior vice president of leasing for WS Development.

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 Massachusetts. It currently operates four Nordstrom stores and seven Nordstrom Rack stores in Massachusetts, generating more than 900 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 WS Development
Massachusetts-based WS Development is a mixed-use developer with a singular mission: creating places people want to be. With an approach that values art, science, innovation and, above all else, people, WS strives to engage each community it serves with best-in-class experiences, designed with our customers, tenants and partners in mind. Established in 1990, WS is one of few vertically-integrated real estate companies that conceptualizes, owns, operates and leases more than 100 properties that range from cutting-edge urban spaces to lifestyle and community centers. With over 22 million square feet of existing space and an additional nine million square feet under development, it is one of the largest privately-owned development firms in the country. For more information, visit www.wsdevelopment.com, call (617) 232-8900 or follow WS Development on LinkedIn.

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

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SOURCE Nordstrom, Inc.

FAQ

When will the new Nordstrom Rack open in Hyannis, Massachusetts?

The new Nordstrom Rack in Hyannis, Massachusetts is planned to open in fall 2025.

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

The new Nordstrom Rack store in Hyannis will be 25,000 square feet in size.

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

The new Nordstrom Rack in Hyannis 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 are currently operating in Massachusetts?

Nordstrom (NYSE: JWN) currently operates four Nordstrom stores and seven Nordstrom Rack stores in Massachusetts.