Nordstrom Rack to Open New Location in Prosper, Texas

Rhea-AI Summary

Nordstrom, Inc. (NYSE: JWN) has announced plans to open a new Nordstrom Rack store in Prosper, Texas, scheduled for fall 2025. The 26,000-square-foot store will be located at The Gates of Prosper shopping center, owned by Blue Star Land. This expansion is part of Nordstrom's Closer to You strategy, focusing on delivering a more convenient and interconnected experience across stores and digital platforms.

Nordstrom Rack offers up to 70 percent off on-trend items from top brands sold at Nordstrom stores. The new location will provide services such as online order pickup for Nordstrom.com and NordstromRack.com, easy returns, and alterations at select stores. This addition expands Nordstrom's presence in Texas, where it currently operates 8 Nordstrom stores and 23 Nordstrom Rack stores, generating over 3,800 jobs statewide.

Positive

• Expansion of Nordstrom Rack with a new 26,000-square-foot store in Prosper, Texas
• Part of the company's Closer to You strategy for improved customer experience
• Offers up to 70% off on-trend items from top brands
• Provides services like online order pickup, easy returns, and alterations
• Expands Nordstrom's footprint in Texas, potentially increasing market share and revenue

Negative

• None.

News Market Reaction – JWN

+0.37%

1 alert

+0.37% News Effect

On the day this news was published, JWN gained 0.37%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

SEATTLE, Oct. 8, 2024 /PRNewswire/ -- Seattle-based fashion retailer Nordstrom, Inc. (NYSE: JWN) announced plans to open a new Nordstrom Rack in Prosper, Texas, in fall 2025.

"We look forward to being a part of the Prosper 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 Dallas 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 26,000-square-foot store will be located at The Gates of Prosper, a popular shopping center that includes Target, Sephora, and HomeGoods. The Gates of Prosper is owned and managed by Blue Star Land and is at the intersection of Dallas North Tollway, Preston Road, and Highway 380.

"We are looking forward to welcoming a brand the caliber of Nordstrom to The Gates of Prosper and the Prosper community. Nordstrom Rack will undoubtedly be a valuable addition, enhancing both The Gates and the shopping experience for our North Texas community," said Joe Hickman, general manager for Blue Star Land.

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. 

In addition to this new location, Nordstrom will also be opening a location in Houston next spring. These new locations expand the company's physical footprint and economic impact in Texas. It currently operates eight Nordstrom stores and 23 Nordstrom Rack stores in Texas, generating more than 3,800 jobs statewide.

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 Blue Star Land
Over the past 20 years, Blue Star Land has elevated the standard of mixed-used developments and master-planned communities in North Texas with projects such as The Star in Frisco, Star Trail, Starwood, and others. With The Gates of Prosper, Blue Star Land, LP —a company owned by the Gene and Jerry Jones family of the Dallas Cowboys Football Club—continues this tradition of excellence.

MEDIA CONTACT:  
Sepeedeh Hashemian 
Nordstrom, Inc. 
NordstromPR@Nordstrom.com  

 

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SOURCE Nordstrom, Inc.

FAQ

When will the new Nordstrom Rack store open in Prosper, Texas?

The new Nordstrom Rack store in Prosper, Texas is scheduled to open in fall 2025.

How large will the new Nordstrom Rack store in Prosper, Texas be?

The new Nordstrom Rack store in Prosper, Texas will be 26,000 square feet in size.

Where will the new Nordstrom Rack store be located in Prosper, Texas?

The new Nordstrom Rack store will be located at The Gates of Prosper shopping center in Prosper, Texas.

How many Nordstrom and Nordstrom Rack stores are currently operating in Texas?

Nordstrom currently operates 8 Nordstrom stores and 23 Nordstrom Rack stores in Texas.

What discounts does Nordstrom Rack offer on its products?

Nordstrom Rack offers up to 70 percent off on-trend apparel, accessories, beauty products, home decor, and shoes from many top brands sold at Nordstrom stores.