JWN Expands Footprint With New Nordstrom Rack Stores in Colorado

Core Insights - Nordstrom, Inc. (JWN) is committed to expanding its store footprint, with plans to open a Nordstrom Rack in Longmont, CO, in the fall of this year [1] - The new 28,000-square-foot store will enhance the shopping experience in a popular retail area, providing high-quality products at great value [2] - Nordstrom Rack's sales advanced 10.6% year over year to $1.3 billion in the third quarter of fiscal 2024, with comparable sales rising 3.9% [3] Expansion Plans - The Longmont store will increase Nordstrom's presence in Colorado, where it currently operates two Nordstrom stores and eight Nordstrom Rack locations, supporting over 1,400 jobs statewide [4] - A new Nordstrom Rack is also planned for Lake Grove, NY, in fall 2025, aimed at expanding the company's footprint in the New York market [5] Customer Experience and Strategy - Nordstrom is enhancing customer experience through faster delivery and a digital-first strategy, focusing on market share expansion and profitable growth [6] - The company is working on improving efficiency in order fulfillment and plans to introduce more premium brands at Nordstrom Rack [7] Performance Metrics - JWN has seen a stock increase of 12.3% over the past six months, compared to the industry growth of 17.6% [8]