SEATTLE, Aug. 12, 2016 /CNW/ -- Seattle-based Nordstrom, Inc. (NYSE: JWN) announced plans to open a Nordstrom Rack at South Edmonton Common in Edmonton, Alberta. The approximately 35,000-square-foot store is scheduled to open in fall 2018. The property is owned and managed by Cameron Corporation and CREIT.
The store will be located in south Edmonton, directly adjacent to the intersection of Highway 216 and Highway 2, in one of the city's highest traffic areas. Other retailers at South Edmonton Common include Ikea, Marshall's, H&M, Banana Republic and Gap Factory Outlets.
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 want to be in compelling locations with a great retail mix, and we feel our new store at South Edmonton Common helps us to achieve that goal," said Karen McKibbin, president of Nordstrom Canada. "We look forward to introducing ourselves to customers in Edmonton and bringing them great brands at great prices."
"We have been very fortunate to accommodate a number of retail firsts to the city at South Edmonton Common," said Tina Naqvi, President of Cameron Corporation. "Given the considerable brand strength of Nordstrom, we are extremely pleased that they have chosen this location as part of their Canadian expansion plans, and we are excited to include them in that list."
Nordstrom first announced plans to expand to Canada in 2012 and to date has opened three full-line stores in Calgary at CF Chinook Centre on September 19, 2014; CF Rideau Centre in Ottawa on March 6, 2015 and CF Pacific Centre in Vancouver on September 18, 2015. The company will open three additional full-line stores in the Toronto area including CF Eaton Centre on September 16, 2016, Yorkdale Shopping Centre on October 21, 2016 and CF Sherway Gardens, fall 2017.
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 329 stores in 39 states, including 121 full-line stores in the United States, Canada and Puerto Rico; 200 Nordstrom Rack stores; two Jeffrey boutiques; and one clearance store. 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 five clubhouses. Nordstrom, Inc.'s common stock is publicly traded on the NYSE under the symbol JWN.
About South Edmonton Commons
South Edmonton Common is one of North America's largest and most successful open-air retail shopping centres, with over 2.4 million square feet of retail space and featuring over 150 stores and services (many being first-to-market), making South Edmonton Common the preeminent shopping, dining and entertainment destination for the entire region.
About Cameron Corporation
Cameron Corporation is an Edmonton, Alberta based real estate development company, specializing in commercial development projects of the highest standard and quality. Well established and privately held, Cameron has participated in real estate development transactions totaling in excess of 10 million square feet. Cameron is considered one of the most active commercial development companies in the Alberta market, as it continues to diversify and expand through its multi-faceted role as owner, developer, and manager.
CREIT is a public real estate investment trust (REIT) traded on the Toronto Stock Exchange (TSX) under the symbol REF.UN. Its primary business objective is to accumulate a portfolio of high-quality real estate assets and to deliver the benefits of real estate ownership to its investors. Since being listed on the TSX in September of 1993, CREIT has consistently delivered reliable distributions to its investors and has generated attractive long-term returns.
Cameron Development Corporation
(780) 424-8008 Ext. 109
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SOURCE Nordstrom, Inc.