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Nordstrom & Forbes sign LOI for new Florida store

21
Jul '05
Nation's leading fashion specialty retailer Nordstrom Inc announced it has signed a letter of intent (LOI) with The Forbes Company of Southfield, Michigan, to open a new Nordstrom store at Waterside Shops at Pelican Bay in Naples, Florida, Nordstrom at Waterside Shops will be two levels and approximately 80,000 square feet.

The store is tentatively scheduled to open in fall 2007 or spring 2008. Nordstrom at Waterside Shops will be the retailer's first location in Southwest Florida and the ninth full-line store in Florida.

The company will be opening a store at the Gardens Mall in Palm Beach Gardens on March 10, 2006, and at Aventura Mall in the Greater Miami/Fort Lauderdale area in fall 2007.

"They are excited to open a store at such a compelling shopping destination as the Waterside Shops," said Erik Nordstrom, executive vice president of full-line stores for Nordstrom.

"This new and smaller store will give us an opportunity to have a more focused approach, providing a merchandise mix unique to their customers in Naples."

They have wanted to serve customers in and around Southwest Florida for a long time, and they are looking forward to providing the best possible Nordstrom experience.

"They feel that Nordstrom adds a dimension of retailing that complements their merchandising philosophy and adds a sophisticated level of shopping to the Naples marketplace," said Nathan Forbes, Managing Partner for the Forbes Company.

Nordstrom offers a unique, quality selection of shoes, clothing and accessories for men, women and children in well-known national brands and lines exclusive to Nordstrom, as well as a firm commitment to an extensive selection of sizes.


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