CHICAGO -- Nordstrom is set to open its first clearance store in the Midwest on March 4.
The 40,000-square-foot Nordstrom Rack, located at the Woodfield Village Green Center in Schaumburg, Ill., was originally scheduled to open last November, but the opening was delayed to coincide with the grand opening of Woodfield, an off-price shopping center, Nordstrom said.
Nordstrom Rack should generate more than $300 a square foot, said Bob Middlemass, vice president and general manager of Nordstrom's Midwest division, which translates to an annual volume of $12 million.
He said that the opening of the Woodfield unit, the chain's 17th Nordstrom Rack store nationally, made sense as Nordstrom expands in the Midwest.
The Seattle-based chain currently has full-line stores in Oakbrook Center, Oak Brook, Ill., and Mall of America in Bloomington, Minn. and is adding stores in Old Orchard, Skokie, Ill. in October 1994 and at Woodfield Shopping Center, also in Schaumburg, in March 1995.
"[Nordstrom Rack] allows us to keep the main stores fresh and exciting, while catering to the customer who likes to shop in an off-price environment," Middlemass said.
About 50 to 60 percent of the merchandise will be transferred from the midwestern Nordstrom stores, discounted by 30 to 70 percent, with the balance comprised of special purchases from Nordstrom vendors, Middlemass said.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"