The department store retailer Nordstrom is expanding the footprint of its off-price banner, Nordstrom Rack.
The company will open a 24,000sq ft, Nordstrom Rack at The Terrace at Hamilton Place, Chattanooga, Tennessee. The open-air shopping centre is owned and managed by CBL Properties and the store is scheduled to open in spring 2023. With its opening, Nordstrom will operate three Nordstrom Rack locations and one Nordstrom store in Tennessee.
Nordstrom Rack is also expanding in Kansas. It will open a 28,000sq ft location at Bradley Fair, an open-air shopping district managed by WS Development. The store is expected to open its doors in spring. With its opening, Nordstrom will operate two Nordstrom Rack stores and one Nordstrom store in Kansas. The store is scheduled to open in spring 2023.
Nordstrom Rack has struggled to return to pre-pandemic levels. In December, reports surfaced that Nordstrom had hired AlixPartners to help it review a possible spinoff of Rack into a separate company. The retailer said it was “taking action” to improve performance at Rack, including optimizing inventory levels, better balancing price points and increasing brand awareness.
In April, Nordstrom said it was streamlining the leadership ranks of Nordstrom Rack, centralizing its customer strategy under one leader and consolidating responsibility for store operations across both Nordstrom and Nordstrom Rack.
