NORDSTROM T0 ENTER OHIO BY SPRING ’97
CLEVELAND — Nordstrom expects to open its first Ohio store at Beachwood Place, an upscale mall east of here, by the spring of 1997.
The Seattle-based specialty store chain will invest $30 million to $40 million to open the 225,000-square-foot unit, Bob Middlemas, vice president and general manager of the firm’s Midwest region, said at a news conference on Tuesday.
Nordstrom, which typically enters a new market with one store, is hopeful it eventually can increase its presence in Ohio, Middlemas said.
“If we can take the business and grow it, we will,” he said. “We’ll know within six months of our opening how the store will perform long term, based on our history.”
Nordstrom executives, as reported, said the Midwest is the chain’s fastest-growing market. Nordstrom operates 77 stores in 14 states.
Paul J. Schiffer, general manager of Beachwood Place, said negotiations with Nordstrom have been going on for five years. Among the 100 shops and restaurants at Beachwood Place are Saks Fifth Avenue and Dillard’s.
— Fairchild News Service