SEATTLE - (April 25, 2000) Nordstrom Inc., one of the nation’s leading fashion specialty retailers, announced it will open a Nordstrom Rack store in Chandler, AZ on October 27, 2000. The 32,000 square foot store will be located in the Chandler Festival shopping center and will open on the same day as the Nordstrom Rack store in Scottsdale, AZ at the Scottsdale Promenade. Nordstrom has plans to open a full line store in Chandler at Chandler Fashion Center on October 19, 2001. Chandler Festival and Chandler Fashion Center will be part of a regional center offering customers a wide range of food, entertainment and shopping options.

Nordstrom Rack is the off-price retail division of Nordstrom Inc. and offers clearance merchandise transferred from Nordstrom full-line stores and Nordstrom.com. Since Nordstrom has developed long-standing relationships with many top national brands, Nordstrom Rack is able to offer customers an extensive selection of name brand apparel and accessories for women, men and children at 30 - 75 percent off regular prices. In addition to apparel and gifts, Nordstrom Rack also features 30,000 pairs of shoes.

"We’re very pleased to have the opportunity to bring Nordstrom Rack to the second fastest-growing city in the nation," said Sue Tabor, executive vice president, Nordstrom Rack general manager. "With more than 1,000 new residents moving into the Chandler area each month, we hope Southeast Valley residents will make Nordstrom Rack their shopping destination for outstanding values on quality name brand merchandise."

Other merchants who have signed on to Chandler Festival shopping center include Lowe’s Home Improvement, Ross Dress For Less, Linens ‘N Things, TJ Maxx, Ultimate Electronics, PetsMart and Ulta.

Founded in 1970, Phoenix-based Westcor is the largest owner-manager of commercial properties in the Phoenix-metro area. Currently, Westcor’s portfolio includes 24 shopping centers including seven super-regional, three specialty retail, five neighborhood centers and nine power centers. Additionally, Westcor has six shopping centers under development including a super-regional center in Broomfield, Colo., FlatIron Crossing, which is slated to open August 11, 2000.

Nordstrom Inc. is one of the nation’s leading fashion specialty retailers, with 106 stores located in 23 states, including 72 full-line stores, 28 Nordstrom Racks, three Façonnable boutiques, two free-standing shoe stores, and one clearance store. The company also seeks to serve customers through its online presence at http://www.nordstrom.com, as well as direct mail catalogs. Nordstrom Inc. is publicly traded on the NYSE under the symbol JWN.

Contact:

Tracy Overby, Nordstrom Inc.
(206) 373-3035

Tracy Gotsis, Westcor
(602) 953-6474