Nordstrom Rack to Open New Location in Natomas, California

Rhea-AI Summary

Nordstrom, Inc. (NYSE: JWN) announced plans to open a new Nordstrom Rack store in Natomas, California, adding to its retail presence. Scheduled to open in fall 2023, the 26,000 square-foot location will be part of the Promenade at Sacramento Gateway shopping center, alongside popular retailers like Target and Ulta. This new store marks Nordstrom's commitment to enhancing customer access and is a key element of its Closer to You strategy, focusing on interconnected shopping experiences across physical and digital platforms. With the new addition, Nordstrom will operate 61 Nordstrom Rack stores and 23 Nordstrom stores in California.

Positive

• New Nordstrom Rack location opening in Natomas, California, enhancing retail presence.
• Strategic addition aligns with Nordstrom's Closer to You strategy for interconnected shopping.
• Expansion supports customer convenience with in-store pickups and returns.

Negative

• None.

SEATTLE, March 14, 2023 /PRNewswire/ -- Seattle-based fashion retailer Nordstrom, Inc. (NYSE: JWN) announced plans to open a new Nordstrom Rack in Natomas, located in the Central Valley region of California.

"We look forward to opening this new Nordstrom Rack location in Natomas, strengthening our network of stores and introducing new customers to Nordstrom Rack's unique product offering," said Carl Jenkins, Senior Vice President of Nordstrom Rack Stores. "In addition to shopping great brands at great prices, our customers in Natomas can take full advantage of this convenient new location to pick-up online orders and make returns."

The 26,000 square-foot store will be located in the Promenade at Sacramento Gateway, a popular shopping center that includes Target,  Ulta, and BevMo. The Promenade at Sacramento Gateway is owned by Fairbourne Properties, LLC and managed by Fairbourne Properties, LLC and CBRE. The property is ideally located off of the I80 and Truxel Road Interchange at Gateway Park Boulevard and North Freeway Boulevard. With the addition of this new location, Nordstrom will operate 61 Nordstrom Rack stores, 23 Nordstrom stores, five Nordstrom Locals and one asos | Nordstrom in California. The store is scheduled to open in fall 2023.

"We couldn't be happier to have the new Nordstrom Rack coming to the Promenade. It will be a popular new retail option for shoppers in the community and add to our already strong roster of stores and restaurants," said George Manojlovic, Senior Vice President, Fairbourne Properties, LLC.

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.

Nordstrom is committed to giving back to the diverse communities where it operates. Since 2019 along with its customers, Nordstrom has donated more than $1.5 million in support of its long-term partnership with Big Brothers Big Sisters of the United States and Canada. 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 digital-first platform 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 Nordstrom Rack apps and websites. Through it all, we remain committed to leaving the world better than we found it.

About Fairbourne Properties, LLC
Headquartered in Chicago, Fairbourne Properties, LLC is a full-service real estate investment and property management company focusing on acquiring, managing, and asset managing retail and mixed-use properties throughout the United States.

MEDIA CONTACT: 
Caroline Mattingly
Nordstrom, Inc. 
NordstromPR@Nordstrom.com 

 

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SOURCE Nordstrom, Inc.

FAQ

When is the new Nordstrom Rack location opening in Natomas, California?

The new Nordstrom Rack location is scheduled to open in fall 2023.

What is the size of the new Nordstrom Rack store in Natomas?

The new Nordstrom Rack store in Natomas will be 26,000 square feet.

How many Nordstrom Rack stores will Nordstrom have in California after the new store opens?

After the new store opens, Nordstrom will operate 61 Nordstrom Rack stores in California.

Where is the new Nordstrom Rack located?

The new Nordstrom Rack is located in the Promenade at Sacramento Gateway shopping center in Natomas, California.

What other retailers are near the new Nordstrom Rack store?

The new Nordstrom Rack store is near retailers such as Target and Ulta.