In Partnership with Macerich, Nordstrom also Announces New Plans for Two Existing Stores in California

SEATTLE, July 15, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- Seattle-based Nordstrom, Inc.
(NYSE: JWN), a leading fashion specialty retailer, announced it has signed a
letter of intent with Macerich(R) (NYSE: MAC) to open a new Nordstrom store at
Santa Monica Place in Santa Monica, Calif. The three-level,
122,000-square-foot store is scheduled to open in fall 2010. The company also
announced plans to relocate its existing Cerritos store at Los Cerritos Center
and complete a remodel and expansion for its Broadway Plaza store in Walnut
Creek, Calif.

Santa Monica Place

"Santa Monica is a wonderful community and an exciting retail environment
where many of our customers visit, live and work," said Erik Nordstrom,
president of stores for Nordstrom. "We compliment Macerich on their vision for
the new Santa Monica Place, which we anticipate to be an outstanding shopping
experience."

"We're very pleased to welcome Nordstrom to the new Santa Monica Place,"
said Randy Brant, executive vice president, real estate, for Macerich. "The
extraordinary appeal of Nordstrom is a great match for this exceptional
market, and for what we believe will be a one-of-a-kind retail project two
blocks from the beach in downtown Santa Monica."

Santa Monica Place is being completely transformed from an existing
1980s-era, enclosed shopping center to a three-level, open-air retail
destination that will include a signature rooftop dining deck. Re-opening in
fall 2009, the 550,000-square-foot Santa Monica Place is adjacent to the
popular Third Street Promenade, three city blocks of retail stores,
restaurants and entertainment. For more information, visit
http://www.macerich.com.

Los Cerritos Center and Broadway Plaza Mall

"We are excited about the new plans for our Cerritos and Walnut Creek
stores as part of the commitment to improve both malls, which will provide our
customers new shopping environments," added Erik Nordstrom. "The support we
have received from our customers over the years at both Cerritos and Walnut
Creek encouraged us to make these investments."

Macerich's Brant said, "It's clear that Nordstrom is a favorite of our
shoppers at Broadway Plaza in Walnut Creek, the retail leader in the East Bay,
and at Los Cerritos Center in Cerritos, a vibrant suburban community in
Southern California. Both shopping centers reflect Macerich's focus on
outstanding properties in very attractive markets."

Nordstrom will relocate its Cerritos store at Los Cerritos Center shopping
center to a new location in the center and will build a new
138,000-square-foot two-level store. The new Nordstrom at Los Cerritos will
take the place formerly occupied by Robinsons-May and is scheduled to open in
spring 2010. The existing Nordstrom store at Los Cerritos Center will continue
to serve customers until the new store opens. Nordstrom Cerritos originally
opened in 1981.

Additionally, Nordstrom is remodeling and expanding its existing store at
Broadway Plaza in Walnut Creek. The two-phase project will add
32,000-square-feet to the existing floor plan for a total of
225,000-square-feet. Upgrades include new designer shops and open-sell
cosmetic cases that allow customers to touch the merchandise much like they
would in the apparel departments of the store. The remodel will also include
new flooring, updated dressing room finishes, new furniture and fixtures and
new wall treatments. The remodel is scheduled for completion in 2010.
Nordstrom Walnut Creek originally opened in 1984.

Nordstrom currently has six stores in the Los Angeles area and four
Nordstrom Rack stores. The company plans to open a new store this year in
Thousand Oaks at The Oaks Shopping Center on Sept. 5. In the Bay Area,
Nordstrom currently has six stores and four Nordstrom Rack stores.

One of the nation's largest retail real estate investment trusts, Macerich
currently owns approximately 77 million square-feet of gross leasable area in
major markets across the United States. The company's diverse portfolio
includes 72 regional malls and a dynamic mix of lifestyle, large-format retail
and specialty centers.

Nordstrom, Inc. is one of the nation's leading fashion specialty
retailers, with 159 stores located in 28 states. Founded in 1901 as a shoe
store in Seattle, today Nordstrom operates 105 full-line stores, 50 Nordstrom
Racks, two Jeffrey boutiques and two clearance stores. Nordstrom also serves
customers through its online presence at http://www.nordstrom.com and through
its catalogs. Nordstrom, Inc. is publicly traded on the NYSE under the symbol
JWN.

     MEDIA CONTACTS:  Michael Boyd
                      Nordstrom, Inc.
                      (206) 373-3038
                      Anita Walker
                      Macerich
                      (602) 953-6596

    (Logo:  http://www.newscom.com/cgi-bin/prnh/20001011/NORDLOGO)

SOURCE Nordstrom, Inc.

http://www.nordstrom.com

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