Turtle Bay awards $50,000 in grants and scholarships. The Moss Adams Apparel Market Monitor shows that public companies, with the exception of the Youth Lifestyle category, continue to outperform the overall stock market. Now on Industry Insight.
The new store will be built from the ground up at the old Macy's women's location near the bubble fountain.
Here's the release:
NORDSTROM TO OPEN NEW STORE AT FASHION ISLAND IN NEWPORT BEACH, CALIFORNIA
SEATTLE (January 29, 2008)-Seattle-based Nordstrom, Inc. (NYSE: JWN), a leading fashion specialty retailer, announced it has signed a letter of intent with The Irvine Company to open a new Nordstrom store at Fashion Island. The two-level, 138,000-square-foot store is scheduled to open in spring 2010.
"Fashion Island is an outstanding center and one that we have admired for a long time," said Erik Nordstrom, president of stores for Nordstrom. "We feel fortunate to have many loyal customers in Orange County, and we're thrilled at the opportunity to better serve them with an additional store in an incredible location."
"We are committed to continuing Fashion Island's development as the finest coastal luxury shopping experience," said Keith Eyrich, president, The Irvine Company Retail Properties. "Nordstrom is one of the nation's most outstanding retailers, and a perfect fit for Fashion Island's discerning customer."
The Nordstrom at Fashion Island will be the retailer's sixth full-line store in Orange County. Nordstrom currently operates stores at Brea Mall, Irvine Spectrum Center, Main Place Mall in Santa Ana, South Coast Plaza in Costa Mesa and The Shops at Mission Viejo. The company also operates two Nordstrom Rack stores in Orange County at Metro Pointe in Costa Mesa and Union Plaza in Brea.
Fashion Island, owned by The Irvine Company and located on the Newport Beach coast, is Southern California's premier open-air luxury shopping destination. Fashion Island has nearly 200 unique and designer boutiques, restaurants and Orange County's only Neiman Marcus, Kate Spade and Juicy Couture, as well as Bloomingdale's, Bloomingdale's Home Store and Macy's. For more information visit www.ShopFashionIsland.com.
Nordstrom, Inc. is one of the nation's leading fashion specialty retailers, with 156 stores located in 28 states. Founded in 1901 as a shoe store in Seattle, today Nordstrom operates 101 full-line stores, 50 Nordstrom Racks, two Jeffrey boutiques, one freestanding shoe store and two clearance stores. Nordstrom also serves customers through its online presence at www.nordstrom.com and through its catalogs. Nordstrom, Inc. is publicly traded on the NYSE under the symbol JWN.