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Nordstrom Rack will open in Manchester, Mo.
Seattle -- Nordstorm plans to open a Nordstrom Rack in Manchester, Mo., a suburb of St. Louis.
The new 35,000-sq.-ft. store is scheduled to open in fall 2012. Construction of the store will begin immediately, according to Mark Sedgwick, managing director of St. Louis-based Pace Properties, L.L.C., which will develop and own the building where Nordstrom Rack will be located.
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ShopperTrak predicts 3% increase in holiday sales
Chicago -- Retail sales will rise 3% percent during November and December compared to the year-ago period, but foot traffic will decrease 2.2%, according to ShopperTrak.
ShopperTrak's holiday sales increase prediction follows 19 consecutive months of year-over-year U.S. retail sales growth. The expected increase is moderate compared with the 2010 holiday season's 4.1% sales increase over 2009.