Nordstrom Rack to Open New Location in Meridian, Idaho

Rhea-AI Summary

Nordstrom (NYSE: JWN) announced plans to open a new Nordstrom Rack store in Meridian, Idaho in fall 2025. The 25,000-square-foot store will be located in The Village at Meridian shopping center. The new location will offer up to 70% off on retail items and provide services including online order pickup from Nordstrom.com and NordstromRack.com. This expansion aligns with the company's Closer to You strategy, focusing on delivering a more interconnected experience across stores and digital platforms. The store will join other retailers like Lego, Evereve, Warby Parker, and Brandy Melville in the shopping center.

Positive

• Expansion of retail footprint with new 25,000-square-foot location
• Strategic alignment with company's omnichannel strategy
• Integration of online and physical retail services

Negative

• None.

News Market Reaction

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-0.17% News Effect

On the day this news was published, JWN declined 0.17%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

SEATTLE, Nov. 14, 2024 /PRNewswire/ -- Seattle-based fashion retailer Nordstrom, Inc. (NYSE: JWN) announced plans to open a new Nordstrom Rack in Meridian, Idaho in fall 2025.

"We look forward to being a part of the Meridian community and serving our customers with an amazing offering of great brands at great prices," said Gemma Lionello, President of Nordstrom Rack. "We're excited to grow our footprint in the Boise market and introduce new customers to the Nordstrom experience."  

Lionello added that in this location "customers will be able to take advantage of our convenient services such as online order pick up from both Nordstrom.com and NordstromRack.com, and they can make returns easily." 

The 25,000-square-foot store will be located in The Village at Meridian, a popular shopping center that includes Lego, Evereve, Warby Parker and Brandy Melville. The Village at Meridian is owned and managed by CenterCal Properties, LLC and is ideally located off Eagle Road and Fairview Avenue.

"We're thrilled to welcome Nordstrom Rack to The Village at Meridian," said Jean Paul Wardy, CEO and Co-Founder of CenterCal Properties." This new addition is sure to become a favorite destination for both locals and visitors, solidifying The Village at Meridian as Idaho's premier shopping and lifestyle hub."

Nordstrom Rack is the off-price retail division of Nordstrom, Inc. and plays a critical role in the company's Closer to You strategy, which focuses on delivering customers a more convenient and interconnected experience across its stores and digital platforms. Nordstrom Rack offers customers up to 70 percent off on-trend apparel, accessories, beauty products, home decor and shoes from many of the top brands sold at Nordstrom stores as well as core services like online order pickup for Nordstrom.com and NordstromRack.com, easy returns and alterations at select stores. Nordstrom Rack is the largest source of new customers to Nordstrom. 

This new location expands the company's physical footprint and economic impact in Idaho.

Nordstrom is committed to investing in the diverse communities where it operates. Over the past four years, Nordstrom, with its customers, has donated more than $2 million in support of its long-term partnership with Big Brothers Big Sisters of the United States. These proceeds support the recruitment, training and engagement of adult mentors and mentorship moments between Bigs and Littles, including preparing for an interview, learning to tie a tie and helping with homework.  

About Nordstrom
At Nordstrom, Inc. (NYSE: JWN), we exist to help our customers feel good and look their best. Since starting as a shoe store in 1901, how to best serve customers has been at the center of every decision we make. This heritage of service is the foundation we're building on as we provide convenience and true connection for our customers. Our interconnected model enables us to serve customers when, where and how they want to shop – whether that's in-store at more than 350 Nordstrom, Nordstrom Local and Nordstrom Rack locations or digitally through our Nordstrom and Rack apps and websites. Through it all, we remain committed to leaving the world better than we found it. 

About The Village at Meridian
The Village at Meridian is Idaho's premier shopping and lifestyle destination, offering sought-after restaurants and first-to-market retail within a lushly landscaped setting. The center's 200,000 square feet of Class A office space attracts notable employers who benefit from the amenities offered by the thriving community hub. Located at the corner of Eagle Road and Fairview Avenue, The Village at Meridian boasts 100 acres of tree-lined streets, a world-class show fountain, a children's play area, and a lively event calendar. For more information, visit www.thevillageatmeridian.com.

MEDIA CONTACT:
Manuela Uscher
Nordstrom, Inc.
NordstromPR@Nordstrom.com  

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SOURCE Nordstrom, Inc.

FAQ

When will the new Nordstrom Rack store open in Meridian, Idaho?

The new Nordstrom Rack (JWN) store is scheduled to open in fall 2025 in Meridian, Idaho.

How big will the new Nordstrom Rack store in Meridian be?

The new Nordstrom Rack store will be 25,000 square feet in size.

What services will the new Nordstrom Rack location in Meridian offer?

The store will offer online order pickup from Nordstrom.com and NordstromRack.com, easy returns, and up to 70% off on retail items.

Where will the new Nordstrom Rack store be located in Meridian?

The new Nordstrom Rack will be located in The Village at Meridian shopping center, off Eagle Road and Fairview Avenue.