Nordstrom Inc. (JWN), a leading fashion specialty retailer, announced the opening of a new 144,000 square feet store in St. Louis at Saint Louis Galleria. The company’s second store in the St. Louis market will offer a wide range of clothing, accessories, shoes and cosmetics.
The customers can avail of a wide variety of quality, designer and luxury fashion brands at one store. In the designer brands category the customers have a choice in ready-to-wear garments from Donna Karan, Michael Kors, Jean Paul Gaultier, Armani Collezioni, Missoni and Roberto Cavalli. The store will also showcase handbags from Valentino, Burberry, Jimmy Choo, and Marc Jacobs, as well as footwear from Valentino, Jimmy Choo, Vera Wang Lavender, and Tory Burch.
In the cosmetic department, the store will offer a wide selection of well-known, imported and exclusive-to-Nordstrom fine fragrances including Jo Malone, Diane von Furstenberg and Burberry, while Kate Somerville, La Mer and Laura Mercier are the few names that the store will have in the skincare and makeup department.
Amenities that the store will offer include in-store alterations and tailor shop, certified shoe fitters and Personal Stylist. The store will also have its newest restaurant concept Sixth & Pine and an espresso bar.
Based in Seattle, Washington, Nordstrom Inc. is a leading fashion specialty retailer in the U.S., offering high quality apparel, shoes, cosmetics and accessories for men, women and kids. The company offers both branded and private label merchandise, as well as a private label card, two Nordstrom VISA credit cards and debit cards for Nordstrom purchases.
However, Nordstrom operates in a highly fragmented specialty retail sector and faces intense competition from other well-established players, such as The Gap Inc. (GPS) and Limited Brands Inc. (LTD). The company primarily competes on the basis of fashion, quality and service.
Nordstrom's shares maintain a Zacks #2 Rank, which translates into a short-term 'Buy' rating. Our long-term recommendation on the stock remains 'Neutral'.
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