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Nordstrom Rack to open in Thousand Oaks, Calif.
Seattle -- Nordstrom announced plans to further expand its Los Angeles-area presence with the addition of a Nordstrom Rack at Janss Marketplace in Thousand Oaks, Calif.
The approximately 40,000-sq.-ft. store is scheduled to open in fall 2015. The Rack location at Janss Marketplace is a development by Seritage Realty Trust, a division of Sears Holdings Corporation.
Nordstrom has operated a full-line store approximately one mile from the new Rack location at The Oaks since 2008.
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Visa weighs in on record e-commerce activity
Visa shared select details about spending activity from its credit card holders which confirmed findings from other organizations showing that e-commerce sales set new records during the five-day period from Thanksgiving to Cyber Monday.
The credit card issuers said e-commerce sales across smart phones, tablets and PCs conducted by U.S. Visa accountholders increased 30% to $7.8 billion. Visa also noted that Cyber Monday ruled the five-day period with spending on Visa cards up 28% to $2.6 billion while Thanksgiving Day saw a 30% jump to nearly $1 billion.