Seattle-based Nordstrom, Inc. (NYSE: JWN) announced today plans to open a Nordstrom Rack at Boulevard Consumer Square in Buffalo, N.Y. The approximately 35,000-square-foot store is scheduled to open in fall 2015. The property is owned and managed by Benderson Development Company.
"It's important that we look for ways to serve our customers more conveniently and we're excited for the opportunity to open a Nordstrom Rack in the Buffalo community," said Geevy Thomas, president of Nordstrom Rack. "This new store will give our upstate New York customers better access to brands carried at Nordstrom, at great prices."
Boulevard Consumer Square is located in the suburb of Amherst approximately eight miles northeast of downtown Buffalo. The new Rack store will join a great mix of retail and lifestyle tenants such as Target, Lowe's, Best Buy, Bed Bath & Beyond, Barnes & Noble and Trader Joe's, among others.
"We are thrilled to welcome Nordstrom Rack to complement the impressive list of retailers and restaurants at Boulevard Consumer Square," said Randy Benderson, president of Benderson Development Company. "It is particularly exciting for us to be able to partner with Nordstrom Rack on its first store in Western New York. The Nordstrom name has an unparalleled reputation throughout the retail industry. The Rack store in Amherst will provide customers with unique fashion options and add another destination retailer to the community."
When it opens, the new Nordstrom Rack will be the seventh Rack store in New York. The sixth Rack opens at Manhasset Center on Long Island June 5. The company also operates two Nordstrom stores in White Plains at The Westchester and in Garden City at Roosevelt Field.
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, as well as 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.
About NordstromNordstrom, 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 270 stores in 36 states, including 117 full-line stores, 150 Nordstrom Racks, two Jeffrey boutiques and one clearance store. Nordstrom also serves customers through Nordstrom.com and the newly developed site Nordstromrack.com, which operates in partnership with its online private sale site, HauteLook. Nordstrom, Inc.'s common stock is publicly traded on the NYSE under the symbol JWN.
About Benderson Development CompanyBenderson Development Company, LLC and affiliated entities (Benderson) is a family owned enterprise founded in Buffalo in the early 1950s by Nathan Benderson. Originally focused on the Buffalo/Western New York region, Benderson has grown over 60 years to have property holdings in 38 states. Altogether, Benderson's portfolio consists of approximately 700 properties involving some 40 million square feet of gross leasable area, with major concentrations in retail, office, commercial/industrial and hotels. Benderson self-manages all of its properties and has over 1,500 tenant relationships.
About Boulevard Consumer SquareBoulevard Consumer Square is the pre-eminent power center in metro-Buffalo. Located in Amherst at the high-volume interchange of Niagara Falls Boulevard & I-290, the center is just minutes from the State University of New York (SUNY) at Buffalo with a total enrollment of over 28,000 students. This regional shopping center is currently home to many of the nation's leading specialty retailers and restaurants among its 650,000 square feet and almost 40 stores.
SOURCE Nordstrom, Inc.
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