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Nordstrom plans to open new store at Santa Monica Place

 Jul 16, 2008 05:59 PM UTC
Return Risk
-60.51% MID
Tracked Blogger
Symbol Sentiment Start Return Closed
JWN n/a
MAC n/a

Graphic_arrow1 Via BloggingStocks:  

Filed under: Deals, Consumer experience, Competitive strategy, Nordstrom, Inc (JWN)

If you are addicted to fashion, then I have good news that should brighten your shopping days. Macerich Co. (NYSE: MAC) announced Tuesday that retailer Nordstrom Inc. (NYSE: JWN) will become the anchor at Santa Monica Place after the mall reopens.

The mall itself, which is scheduled to reopen in the fall of 2009, is seeing
a major renovation from an enclosed shopping center to a three-level, 550,000-square-foot open-air retail plaza linking to the Third Street Promenade.

Leading fashion specialty retailer Nordstrom has signed a letter of intent to open a three-level, 122,000-square-foot store in the fall of 2010. "The extraordinary appeal of Nordstrom is a great match for this exceptional market, and for what we believe will be a one-of-a-kind retail project two blocks from the beach...




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ROCK-STAR INVESTORS
Rank Name Sharpe Ratio Avg Return Followers
1 22.30 +48.71% 175
2 20.02 +46.30% 57
3 17.43 +18.91% 7
4 16.71 +44.07% 211
5 14.41 +14.95% 7


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