Nordstrom Rack to Open New Location in San Antonio, Texas

Rhea-AI Summary

Nordstrom, Inc. (NYSE: JWN) announced the opening of a new Nordstrom Rack store in San Antonio, Texas, contributing to their expansion strategy. The 35,000 square-foot store is set to open in fall 2023 in the Northwoods shopping center. This location will enhance customer convenience by offering online order pickups and returns. With this addition, Nordstrom now operates 21 Nordstrom Rack stores and 8 regular Nordstrom stores in Texas, further supporting its Closer to You strategy aimed at improving customer experience across physical and digital platforms. The store will offer significant discounts on a wide range of products.

Positive

• Opening a new 35,000 square-foot Nordstrom Rack store in San Antonio.
• Enhances customer convenience with online order pickups and returns.
• Supports the company's Closer to You strategy, improving customer experience.
• Expands presence in Texas to 21 Nordstrom Rack stores and 8 Nordstrom stores.

Negative

• None.

SEATTLE, March 14, 2023 /PRNewswire/ -- Seattle-based fashion retailer Nordstrom, Inc. (NYSE: JWN) announced plans to open a new Nordstrom Rack in San Antonio, Texas.

"We look forward to opening this new Nordstrom Rack location in San Antonio, 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 San Antonio can take full advantage of this convenient new location to pick-up online orders and make returns."

The 35,000 square-foot store will be located in Northwoods, a popular shopping center that includes other retailers such as Barnes & Noble, Bed Bath & Beyond, Old Navy and Ulta. Northwoods is owned by CIM Group and is ideally located in the southeast corner of US Hwy 281 North and Loop 1604. With the addition of this new location, Nordstrom will operate 21 Nordstrom Rack stores and 8 Nordstrom stores in Texas. The store is scheduled to open in fall 2023. 

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 CIM Group
CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. Since 1994, CIM has sought to create value in projects and positively impact the lives of people in communities across the Americas by delivering more than $60 billion of essential real estate and infrastructure projects. CIM's diverse team of experts applies its broad knowledge and disciplined approach through hands-on management of real assets from due diligence to operations through disposition. CIM strives to make a meaningful difference in the world by executing key environmental, social and governance (ESG) initiatives and enhancing each community in which it invests.

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

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SOURCE Nordstrom, Inc.

FAQ

What new location is Nordstrom opening in Texas?

Nordstrom is opening a new Nordstrom Rack store in San Antonio, Texas.

When is the new Nordstrom Rack store in San Antonio scheduled to open?

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

How many Nordstrom Rack stores are there in Texas after the new opening?

After the new opening, Nordstrom will operate 21 Nordstrom Rack stores in Texas.

What benefits will the new San Antonio Nordstrom Rack store offer customers?

The new store will offer online order pickups, returns, and significant discounts on various products.

What is Nordstrom's Closer to You strategy?

The Closer to You strategy focuses on enhancing customer experiences by interconnecting physical stores and digital platforms.