Nordstrom Rack expands presence in California with new Tarzana location
Nordstrom, Inc. (NYSE: JWN), a prominent fashion retailer based in Seattle, has announced its plans to launch a new Nordstrom Rack store in Tarzana, California, set to open in fall 2024. This expansion is part of Nordstrom’s ongoing strategy to increase its presence in key markets, specifically within the Los Angeles area, enhancing the shopping experience and accessibility for local customers.
Gemma Lionello, President of Nordstrom Rack, expressed enthusiasm for the new store, stating, “We look forward to being a part of the Tarzana community and serving our customers with an amazing offering of great brands at great prices.” The new 25,000 square-foot location will be situated in Village Walk, a well-known shopping center along Ventura Boulevard, featuring other prominent retailers and a LA Fitness gym. This strategic placement aims to draw a significant consumer base, providing a variety of services including online order pickup from Nordstrom.com and NordstromRack.com, along with easy return policies.
The introduction of the Nordstrom Rack store in Tarzana is expected to significantly contribute to the local economy and community. Michael Slusky, EVP, Director of Leasing for Pine Tree, the management company of Village Walk, highlighted the positive impact, remarking, “We could not be more excited to welcome Nordownlstrom Rack to Village Walk’s strong lineup of retailers.” This store is expected to bolster the shopping center’s appeal, making it an essential retail destination in Tarzana.
Beyond economic expansion, Nordstrom is deeply committed to community involvement. Over the past four years, the company has donated more than $2 million to Big Brothers Big Sisters of the United States as part of a long-term partnership. These funds support mentorship initiatives, helping to nurture relationships between adults and youths, providing guidance and support in personal and professional development.
The new Nordstrom Rack store in Tarzana represents a strategic move by Nordstrom to strengthen its footprint in California, where it already operates 26 Nordstrom stores and 65 Nordstrom Rack locations, employing around 14,000 individuals statewide. This expansion not only supports the company’s growth objectives but also reaffirms its commitment to providing high-value shopping options and community engagement.