Finance and Economic

Seattle-based Nordstrom Inc. has announced plans to open its first Nordstrom Rack store in St. Louis. This will also be the first in the state.

The 34,000-square-foot store will be in the Brentwood Square shopping center — in the old Circuit City space. It is expected to open in fall 2010.

Now, don’t get confused. Nordstrom is still planning to open a regular Nordstrom store in the St. Louis Galleria mall down the street from this location in fall of 2011. There’s already a Nordstrom in West County Mall.

But Nordstrom Rack is a unit of the company’s off-price retail division that carries merchandise from Nordstrom stores and Nordstrom.com at 50 percent to 60 percent off original Nordstrom prices payday loans.

Nordstrom spokesman Colin Johnson said the company was able to take advantage of some of the effects of the economy with finding prime space for the store.

But he wouldn’t admit that an off-priced Nordstrom Rack is preceding the long-discussed and rescheduled opening of the regular Nordstrom store opening because of the economy.

Either way, we here at Style File are not complaining. Ever since Saks Off Fifth (at St. Louis Mills) left us a few years ago, our shopping life has not felt complete. (10/1)

Source