NORDSTROM RACK SIGNS TWO CALIFORNIA LEASES

Byline: Kristin Young

LOS ANGELES — Nordstrom Rack signed two leases in California as part of its plan to open four more stores in the state this year, said the Seattle-based retailer late last week. A 32,000-square-foot Rack store is headed for the Creekside Town Center in Roseville, a 370,000-square-foot complex located about 20 miles northeast of Sacramento. The store will be neighbor to Old Navy, Bed, Bath & Beyond, Barnes & Noble and a full-line Nordstrom store across the street at the Roseville Galleria. The Rack is slated to open by summer.
Another 35,000-square-foot Rack is slated to open this fall at the Esplanade Shopping Center in Oxnard, a 490,000-square-foot center in the greater western Ventura County.
That store will be among Old Navy, T.J. Maxx, and Cost Plus World Market.
The Nordstrom Inc. division currently operates 10 stores in the state. Last year, the off-pricer opened 10 stores to make a total of 37 in the U.S. and has announced plans to open nine additional stores this year.
Nordstrom Rack said last week it planned to open a 45,000-square-foot store in downtown San Francisco by the fall. The company will open a 41,000- square-foot store in the Howard Hughes Entertainment Center here on Thursday.
Four more stores are slated to open in Broomfield, Colo., Grand Rapids, Mich., Henderson, Nev., and Dulles, Va. A ninth location has yet to be determined.
The Nordstrom Rack strategy is to place the stores near existing Nordstrom full-line stores, said a spokeswoman.
“We’re looking to be in major metropolitan areas and we typically like to be in close proximity to full-line stores,” she said, adding that Nordstrom operates 78 full-line stores in the U.S.
“These stores help us to clear out merchandise from our full-line stores.”
Nordstrom Rack also sells Nordstrom vendors closeouts and merchandise from Nordstrom.com at 30 to 75 percent off regular retail prices.
In addition to its full-line and Rack stores, Nordstrom operates three Faconnable boutiques in the U.S. and 20 Faconnable shops in Europe.