Nordstrom Rack at Crossroads at Eatontown

Nordstrom, Inc. announced today plans to open a Nordstrom Rack at Crossroads at Eatontown in Eatontown, N.J. The 35,250-square-foot store is scheduled to open in fall 2015. Crossroads at Eatontown is owned and operated by LGR Associates, LP.  

"We're excited to bring a Nordstrom Rack to Eatontown so that we can better serve customers in Monmouth County," said Geevy Thomas, president of Nordstrom Rack. "Crossroads at Eatontown is surrounded by a strong mix of retailers, restaurants and entertainment. We're happy to be a part of a location that is convenient for our customers and we look forward to getting our doors open next fall."

The Crossroads at Eatontown is a recently renovated center located directly across from the main entrance of the Monmouth Mall. When it opens Nordstrom Rack will be on the corner of Highway 35 and Highway 36 and accessible from Exit 105 on the Garden State Parkway and Exit 13B on Route 18.

"We are thankful that our upgrade is complete and excited to have Nordstrom Rack as a new addition to our family of stores," said Darlene Lukaszewicz, manager of LGR Associates, LP. 

When it opens it will be the fifth Nordstrom Rack in New Jersey. A new Rack in Livingston opened in October and the company will open its fourth Rack at Mercer Mall in Princeton next spring 2015. Nordstrom also operates five full-line stores in the state.

Nordstrom Rack is the off-price retail division of Nordstrom, Inc., offering customers a wide selection of on-trend apparel, accessories and shoes at an everyday savings of 30-70 percent off regular prices. The Rack carries merchandise from Nordstrom stores and Nordstrom.com and specially-purchased items from many of the top brands sold at Nordstrom. The Rack is designed to provide the ultimate treasure hunt to style-savvy customers.

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HauteLook Management Changes by Nordstrom

HauteLook, a leading flash sale retailer owned by Seattle-based Nordstrom, Inc. (NYSE: JWN), announced yesterday Adam Bernhard is stepping out of the CEO role and day-to-day operations of the business, but will remain with HauteLook in an advisory capacity as Founder. Since Nordstrom purchased HauteLook nearly three years ago, Bernhard helped take the business from just over four million members to more than 14 million, while achieving impressive sales growth.

Terry Boyle will continue to lead the business as President of HauteLook, reporting to Jamie Nordstrom, President of Nordstrom Direct. With HauteLook fully operating as a division of Nordstrom, no CEO will be appointed in Bernhard's place. Boyle has been a key contributor to HauteLook's senior leadership since starting with the company as COO/CFO in 2008, and he has been instrumental in leading the business through significant growth.

"Since Adam started this business in 2007, he has worked tirelessly to build a great team and bring a compelling shopping experience to his customers," said Jamie Nordstrom. "Even after selling the business to us, his commitment to scaling the business and bringing it to profitability never wavered. Adam and his team have more than held up their end of the bargain, and we are thrilled to be in a position where he can pass the reins to Terry and focus on some new opportunities for us."

"HauteLook is performing well—the business is growing, it's profitable, and Adam has built a strong team," Nordstrom continued. "While we're sad to see Adam step out of this role, we look forward to continuing to collaborate with him as we move forward and develop additional capabilities to better serve customers."

"It has been an unbelievable journey to grow HauteLook from a four-person startup into the thriving division of Nordstrom that it is today," said Bernhard. "Although I'm eager for the new opportunities to come, HauteLook will always be my pride and joy."

HauteLook is a key part of Nordstrom's strategy to improve the customer experience by serving customers on their terms however they want to shop. The company is uniquely positioned to offer customers multiple ways to shop with Nordstrom, whether in its full-line stores, on Nordstrom.com, or through its differentiated off-price offering via Nordstrom Rack stores and HauteLook.

About HauteLookAcquired by Nordstrom in March 2011, HauteLook is a place where you'll discover thousands of the top fashion and lifestyle brands at amazing savings. Each day at 8 AM Pacific, shop new sale events featuring the best names in women's and men's fashion and accessories, beauty, kids' apparel and toys, and home decor at up to 75% off. Membership is free and everyone is welcome. 

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Scholarship From Fashion Retailer Nordstrom 2011

Nordstrom Scholarship Program Doubles  As part of its ongoing commitment to giving back to communities, Nordstrom has expanded its annual scholarship program to now offer $10,000 college scholarships to 80 outstanding high school students around the country – double the number of scholarships available in previous years. The program's expansion now makes students in every state where Nordstrom has a full-line store eligible to apply for the awards.

 

Read Nordstrom Scholarship Program Doubles at the Fashion Newspaper.

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