MBJ: Nordstrom Rack announces Memphis store
“Memphians can now take a sigh of relief – it’s official, Nordstrom Rack is coming.
Nordstrom Inc. (NYSE:JWN) confirmed in January 2015 it was scouting the Memphis area, and the company just announced it plans to open a 33,000-square-foot Nordstrom Rack at Poplar Commons in fall 2017.
Sears, which currently occupies this prime Poplar/Perkins East Memphis space, is scheduled to close in mid-April. The landlord on the property, Seritage Growth Properties (NYSE: SRG) will replace the existing Sears building with what the press release described as a “first-class, 135,000-square-foot shopping center … The newly developed center will include national retailers, specialty retail and several well-known restaurants.”