Back to top

Analyst Blog

Seattle-based Nordstrom Inc. (JWN - Analyst Report) has laid down plans to open another Nordstrom Rack store at the Oakway Center in Eugene, Ore. by fall of 2013.

Joining the company’s 5 full-line and 4 Rack stores in the state of Ore., the new Rack store will be located off the Interstate 105, within three miles of the University of Oregon campus. The company’s stores in Oregon include its first Rack store in Clackamas, which has been serving the public since 1983. Further, the company has been serving its Eugene customers for more than 15 years now with its Nordstrom Place Two store.

Housed in The Oakway Center, the new Rack store will enclose about 32,000 square feet space in the property of McKay Investment Company LLC. The store will occupy the space previously held by Borders book store. Other stores in the upscale mixed-use lifestyle center include Trader Joe's, Bed Bath & Beyond Inc. (BBBY - Analyst Report), Gap Inc.’s (GPS - Analyst Report) Old Navy, Talbot's, and Pottery Barn.

Nordstrom’s Rack stores generally offer merchandise from Nordstrom stores and at a significantly reduced price to customers. Products at these stores are sold with discounts of roughly 50% to 60% from the original Nordstrom tags. Nordstrom Rack also carries a vast assortment of branded apparel, accessories and shoes that are available at Nordstrom stores, and are offered to customers at a discount of about 30% to 70%.

Nordstrom’s latest store openings signify the company’s commitment to strengthen its network with the aim of driving top-line growth. As of Feb 22, 2013, Nordstrom operated 240 stores, including 117 Nordstrom full-line stores, 119 Nordstrom Racks, 2 Jeffrey boutiques, 1 treasure&bond store and 1 clearance store.

Nordstrom currently maintains a Zacks Rank #3 (Hold). The other stock that is performing well in the retail-apparel/shoe sector include Citi Trends Inc. (CTRN - Analyst Report), which carries a Zacks Rank #1 (Strong Buy).

Please login to or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research


Are you a new Zacks Member or a visitor to

Top Zacks Features

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
TRIQUINT SE… TQNT 20.67 +6.52%
RF MICRO DE… RFMD 12.47 +6.04%
VASCO DATA… VDSI 14.77 +4.68%
STRATTEC SE… STRT 80.24 +3.00%
PATTERSON-U… PTEN 34.54 +2.98%