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Rack a Strong Nordstrom Growth Vehicle

SEATTLE-The company will accelerate the discount chain's store openings next year, management says.

By Debra Hazel | Updated on August 14, 2009

SEATTLE-Nordstrom Rack’s New York debut is just one example of the chain’s continuing expansion, Nordstrom executives said at the company’s second quarter conference call.

Rack will open in the former Virgin Megastore space in Union Square next spring, one of at least 14 Rack stores planned for 2010. Twelve new units have already been announced, and two more letters of intent are being prepared, said Blake W. Nordstrom, president.

“We thought [Union Square] was a terrific opportunity for the Rack,” Nordstrom said. “We have a number of full-price stores in the Northeast and there was no better opportunity to add a Rack.”

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