Nordstrom Rack to Open 24,000-Square-Foot Store in Encinitas, CA

Nordstrom Rack is opening a new 24,000-square-foot store in Encinitas, CA in spring 2026. The store will offer up to 70% discounts on branded merchandise and online order pickup services. This expansion enhances Nordstrom's presence in California, which currently includes 26 Nordstrom stores and 68 Nordstrom Rack locations. The new location aligns with Nordstrom's strategy to expand its footprint in the high-value San Diego market.

Nordstrom Rack, a subsidiary of the prominent retail chain Nordstrom, is set to open a new 24,000-square-foot store in Encinitas, CA in spring 2026. This expansion aligns with Nordstrom's strategy to bolster its presence in the high-value San Diego market, where it currently operates 26 Nordstrom stores and 68 Nordstrom Rack locations [1].

The new store will offer up to 70% discounts on branded merchandise and feature services such as online order pickup from Nordstrom.com and NordstromRack.com. This addition will join existing tenants like TJ Maxx, Bevo, and Five Below at the Kimco-owned El Camino Promenade shopping center. The expansion is expected to create more retail options for residents and visitors in the Encinitas area [1].

Kimco Realty (NYSE: KIM), the owner of the El Camino Promenade shopping center, has been actively expanding its portfolio and enhancing its properties to attract high-value tenants. The addition of Nordstrom Rack to the center is a significant milestone, reflecting the company's commitment to maintaining a diverse and attractive tenant mix [2].

Investors and financial professionals should closely monitor this development, as it may have implications for Kimco Realty's financial performance and occupancy rates. The new Nordstrom Rack store is expected to bring in additional foot traffic and potentially increase the overall value of the El Camino Promenade shopping center [2].

References:
[1] https://www.stocktitan.net/news/KIM/
[2] https://www.stocktitan.net/news/KIM/