REAL ESTATE

Nordstrom Rack announces two new stores for fall 2014

BY Dan Berthiaume

Seattle – Nordstrom plans to open two new Nordstrom Rack stores in fall 2014. The approximately 35,000-sq.-ft. stores will be located at Tempe Marketplace in Tempe, Ariz. and Plaza at Jordan Creek in West Des Moines, Iowa.

The Tempe property is owned and managed by Vestar and the Plaza at Jordan Creek is being co-developed by Hurd Real Estate Services, Inc. and Signature Real Estate Services, Inc.

Though Nordstrom has operated a 628,560-sq.-ft. fulfillment center in Cedar Rapids since 1997, Nordstrom Rack will be the company’s first retail location in Iowa. The new Nordstrom Rack will be the sixth Rack store in Arizona. The company operates two full-line Nordstrom stores at Scottsdale Fashion Square and Chandler Fashion Center.

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MARKETING/SOCIAL MEDIA

Survey: Consumers hate holiday crowds

BY Dan Berthiaume

Yonkers, N.Y. – Unsurprisingly, crowds and long lines are the single biggest consumer dread for the holiday season. According to a new Consumer Reports poll, 61% of consumers dread crowds and long lines, followed by bad traffic (54%).

Other popular holiday dreads include:

• Aggressive or thoughtless driving in store parking lots (48%)
• Gaining weight (34%)
• Getting into debt (31%)
• Fake holiday cheer (30%)
• Gift Shopping (18%)
• Seasonal movies playing repeatedly on TV (15%)
• Receiving gifts from people you didn’t anticipate (13%)
• Seasonal music (13%)
• Disappointing gifts (12%)

In addition, when asked what their go-to gift was for someone they didn’t know particularly well or someone that they hadn’t planned to give a gift originally, 29% said gift cards. Other popular unplanned go-to gifts include: wine/other alcohol (16%), chocolates/dessert/candy (15%), and home accessories (11%).

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FINANCE

Tractor Supply Co. joins Nasdaq-100

BY Dan Berthiaume

Brentwood, Tenn. – Tractor Supply Company has been added to the Nasdaq -100 Index, effective with the market open on Monday, Dec. 23, 2013. Shares of TSCO will also be included in the Nasdaq-100 Index Tracking Stock (Nasdaq: QQQ).

"We are proud to be joining this elite group of public companies traded on the Nasdaq exchange," said Anthony Crudele, executive VP and CFO. "Being added to the Nasdaq-100 Index is a reflection of Tractor Supply Company’s significant growth and its stock performance.”

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