SEATTLE, Jan. 10, 2017 /CNW/ -- Seattle-based Nordstrom, Inc. (NYSE: JWN) announced today plans to open a Nordstrom Rack at Heartland Town Centre in Mississauga, Ontario. The approximately 35,000-square-foot store is scheduled to open in fall 2018. The property is owned and managed by Orlando Corporation.
The new Nordstrom Rack at Heartland Town Centre will join Costco, Loblaws, Marshalls, Winners, H&M and more. The center is west of downtown Toronto and located conveniently off of Highway 401, and the new store will be at the intersection of Mavis Road and Britannia Road.
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. Nordstrom Rack merchandise, available at Rack stores and at Nordstromrack.com, comes from Nordstrom stores, Nordstrom.com as well as specially purchased items from many of the top brands available at Nordstrom. The Rack is designed to provide the ultimate treasure hunt to style-savvy customers.
"We're excited to announce our third location in the greater Toronto area, in addition to our previously announced locations at One Bloor and Vaughan Mills," said Geevy Thomas, president of Nordstrom Rack. "We look forward to offering folks southwest of the city a convenient location to shop with us, and customers can expect a great selection of the brands at great Rack prices when we open our doors in 2018."
"Nordstrom Rack will provide outstanding brand strength and strong merchandise selection to Heartland Town Centers' existing retail mix," said Phil King, President of Orlando Corporation. "We are pleased they selected Heartland Town Centre as a partner in their Canadian expansion."
Nordstrom first announced plans to expand to Canada in 2012 and to date has opened five full-line stores: in Calgary at CF Chinook Centre on September 19, 2014, CF Rideau Centre in Ottawa on March 6, 2015, CF Pacific Centre in Vancouver on September 18, 2015, CF Toronto Eaton Centre on September 16, 2016, and Yorkdale Shopping Centre on October 21, 2016. The company will open an additional full-line store in the Toronto area at CF Sherway Gardens in fall 2017. Nordstrom Rack Vaughan Mills and One Bloor will open in Toronto in spring 2018.
Nordstrom, Inc. is a leading fashion specialty retailer based in the U.S. Founded in 1901 as a shoe store in Seattle, today Nordstrom operates 349 stores in 40 states, including 123 full-line stores in the United States, Canada and Puerto Rico; 215 Nordstrom Rack stores; two Jeffrey boutiques; and two clearance stores. Additionally, customers are served online through Nordstrom.com, Nordstromrack.com and HauteLook. The company also owns Trunk Club, a personalized clothing service serving customers online at TrunkClub.com and its seven clubhouses. Nordstrom, Inc.'s common stock is publicly traded on the NYSE under the symbol JWN.
About Heartland Town Centre
Heartland Town Centre, one of Canada's largest and most successful Power Centres offers over 180 stores and services for the ultimate shopping experience. With over 2 million square feet of retail space, the Centre has Canada's most successful mix of retailers including; Best Buy, Banana Republic, H&M, HomeSense, JYSK, Harry Rosen Outlet, Marshalls, Petsmart, The Brick, Tommy Hilfiger, Wal-Mart, Winners, and many more! The Centre is conveniently located off the 401 at the corner of Mavis Road and Britannia Road.
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About Orlando Corporation
Orlando Corporation is Canada's largest privately-owned industrial real estate developer and landlord. As a multi-faceted real estate company, Orlando is involved in a wide range of real estate investments and activities. In the Greater Toronto Area, Orlando has built a critical mass of properties and are able to offer tenants a complete range of property types and premium locations. Orlando owns, leases, and manages over 40 million square feet of industrial, office, and retail property. The scale and diversity of their tenant base provides a stable and secure source of rental income.
SOURCE Nordstrom, Inc.