Nordstrom Rack To Open New Store in Princeton
Seattle-based Nordstrom, Inc. announced plans to open a Nordstrom Rack at Mercer Mall near Princeton, N.J. The approximately 35,000-square-foot store is scheduled to open in spring 2015. Mercer Mall is owned and managed by Federal Realty Investment Trust.
Nordstrom Rack is the off-price retail division of Nordstrom, Inc., offering customers a wide selection of on-trend apparel, accessories and shoes at an everyday savings of 30-70 percent off regular prices. The Rack carries merchandise from Nordstrom stores and Nordstrom.com and specially-purchased items from many of the top brands sold at Nordstrom. The Rack is designed to provide the ultimate treasure hunt to style-savvy customers.
The first Rack store opened at Bergen Town Center in 2009. Nordstrom operates five full-line stores and two Racks in New Jersey. A new Rack in Livingston will open this fall and the Mercer Mall Nordstrom Rack will be the company's fourth location in the state.
"We've been thrilled with the customer response as we've continued to grow the Rack throughout the tri-state area," said Geevy Thomas, president of Nordstrom Rack. "We know our customers want great fashion at great prices. We are pleased to offer one more location in the great state of New Jersey."
The center is conveniently located off U.S. 1 and I-295, about 40 miles north of Philadelphia. Nordstrom Rack will join a strong tenant mix which includes TJMaxx, Bed Bath & Beyond, DSW and Shop Rite among others.
"Mercer Mall's regional draw combined with the strong mix of best in class retailers was a natural fit for Nordstrom Rack," said John Hendrickson, Northeast Regional Chief Operating Officer for Federal Realty Investment Trust, "We are thrilled to be adding this dynamic fashion retailer to the center."
Nordstrom, Inc. is one of the leading fashion specialty retailers based in the U.S. Founded in 1901 as a shoe store in Seattle, today Nordstrom operates 260 stores in 35 states, including 117 full-line stores, 140 Nordstrom Racks, two Jeffrey boutiques and one clearance store. Nordstrom also serves customers through Nordstrom.com and in the online Private sale marketplace, HauteLook. Nordstrom, Inc.'s common stock is publicly traded on the NYSE under the symbol JWN.