 Posted: Mon 19:26, 02 Sep 2013 Post subject: Nordstrom says it's going into Ridgedale-spun4 |
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| Nordstrom says it's going into Ridgedale
After Fifteen years of fits and starts and location scouting, Nordstrom Inc. intends to open its second store within the Twin Cities area. The Seattle-based retailer said Friday that it has signed instructions of intent to open a store at Ridgedale Center in Minnetonka this year. But even that announcement came with some fits and starts. Early Friday, a spokesman for that upscale department store chain asserted the company planned to tear down 1 of 2 Macy's stores at Ridgedale and convert the space into a 172,000-square-foot Nordstrom. But later in the day,parajumpers outlet store, Macy's said that it hadn't decided to close or leave each one of their Ridgedale stores. The organization operates a women's and children's store,jordans shoes sale, in addition to a men's and home location in various areas of the mall. Nordstrom then retracted its statement about demolishing Macy's, calling the comment "premature," and said that it planned to spread out a store at Ridgedale -- location to be determined. Confusion aside,peuterey jacket products, just that Nordstrom, that has 101 shops nationwide with 23 more to open by 2012, has signed a letter of intent within this marketplace is a breakthrough event. Nordstrom opened in 1992 at the Mall of America (and also has a Rack outlet there), and it has been scouting other locations ever since then. The company has been rumored to be looking in downtown Minneapolis, also it decided to enter a Maple Grove mall that was never built. Historically, rival shops happen to be recognized to try to ignore Nordstrom, for fear of losing customers towards the upscale chain. This fear partly explains why Macy's continues to have two stores at Ridgedale. In 1995, inside a move widely seen as an effort to keep Nordstrom from Ridgedale, Dayton Hudson Corp. snatched up a Carson Pirie Scott location at the mall and converted it to a Dayton's, now Macy's. Nordstrom at that time was considered thinking about the location. "They gobbled that up immediately simply to keep Nordstrom from competing," said Richard Grones, founder of Cambridge Commercial Realty in Edina. But consolidation in the department store industry has given Nordstrom a dent. In 2004, May Shops Co. of St. Louis bought and closed nine Mervyn's stores within the Twin Cities included in its $3.2 billion acquisition of Marshall Field's from Target Corp. One of the closed Mervyn's was at Southdale Center in Edina, which began courting Nordstrom to fill the area. Soon after, Macy's acquired May and all the Marshall Field's stores and, at the end of 2006, converted the Marshall Field's stores to Macy's. Jim McComb, a Minneapolis retail consultant, said the idea of a Macy's and a Nordstrom store in the same mall no longer seems untenable,kevin durant shoes, because they appeal to different customers. "Nordstrom's has kind of inherited the position that Dayton's and Marshall Field's has locked in the Twin Cities,peuterey jacket manufacturers," McComb said. However, it remains unclear how the two retailers will coexist. One idea being discussed is that Macy's would close both stores in Ridgedale and open a new one nearby,http://duveticadoudoune.halod.com/, said Grones,http://giuseppezanottisneakerssale.webmium.com/, who is acquainted with the discussions. The brand new Macy's would be associated with Ridgedale by a number of outside stores and restaurants, he said. However, Frank Guzzetta,Doudoune Duvetica, chairman of Macy's North,peuterey down jacket, the division that oversees Macy's Midwest operations, said no such plans have been approved. "They can't relocate until we move,Peuterey Jacket uk, and we haven't decided to move," he said. 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