Nordstrom Rack to Relocate Honolulu Store at Ward Centers to Ward Village Shops | Business
Seattle-based Nordstrom, Inc., (NYSE: JWN) announced plans to relocate its Honolulu Nordstrom Rack location to a larger space at Ward Village Shops within Ward Centers. The approximately 45,000-square-foot, two-level store is scheduled to open fall 2013. Ward Centers is wholly owned by The Howard Hughes Corporation (NYSE: HHC), based in Dallas, Texas.
The Ward Village Shops development is designed to continue the revitalization of Ward Centers, conveniently located in the heart of the Kaka‘ako district and just minutes from Waikiki. The new Nordstrom Rack will relocate to Phase Two of Ward Village Shops along Auahi Street and will connect to a seven-level parking deck with over 700 stalls.
Nordstrom first began serving the Honolulu community in 1966 with shoe departments in Liberty House locations throughout the island. The retailer now operates a 200,000 square-foot full-line store at Ala Moana Center, just down the street from the current 34,000 square-foot Rack at Ward Center which opened in 2000. “We’ve been doing business in Honolulu for over 45 years and love serving this community,” said Geevy Thomas, president of Nordstrom Rack. “Ward Center has been a great home to us, and we’re looking forward to relocating our store within the district to a larger space so that we can better serve the locals and tourists of Oahu.”
“We are pleased to welcome Nordstrom Rack into this latest phase of Ward Village Shops as part of our ongoing expansion,” said David Striph, senior vice president, Hawai‘i, The Howard Hughes Corporation. “The new store will increase their space, enabling them to create a terrific shopping environment for their loyal local shoppers as well as visitors who come to Ward Centers.”
Nordstrom Rack is the off-price retail division of Nordstrom, Inc., carrying on-trend merchandise from Nordstrom stores and Nordstrom.com at 50 to 60 percent off original Nordstrom prices. Nordstrom Rack also offers a wide selection of apparel, accessories and shoes from many of the brands carried in Nordstrom stores. These items are purchased specially for Nordstrom Rack, with most at savings of 30 to 70 percent off.
About The Howard Hughes Corporation
The Howard Hughes Corporation owns, manages and develops commercial, residential and mixed-use real estate throughout the country. The company's properties include master planned communities, operating properties, development opportunities, and other unique assets spanning 18 states from New York to Hawai‘i. For more information on the company, visit www.howardhughes.com.
Nordstrom, Inc. is one of the nation’s leading fashion specialty retailers. Founded in 1901 as a shoe store in Seattle, today Nordstrom operates 234 stores in 31 states, including 117 full-line stores, 113 Nordstrom Racks, two Jeffrey boutiques, one treasure&bond store and one clearance store. Nordstrom also serves customers through Nordstrom.com and through its catalogs. Additionally, the Company operates in the online private sale marketplace through its subsidiary HauteLook. Nordstrom, Inc.’s common stock is publicly traded on the NYSE under the symbol JWN.