wpostServer: http://css.washingtonpost.com/wpost2
Robert H. Smith School of Business
The Motley Fool

Market Foolery Featured Podcasts

  • MarketFoolery: 07.28.2014
    Two mergers, two very different reactions on Wall Street.  Zillow buys Trulia for $3.5 billion, but are they overpaying?  On the other hand, Wall Street appears to love Dollar Tree buying fellow discount retailer Family Dollar for $8.5 billion.  We analyze the deals and discuss Virgin America’s impending IPO.
  • MarketFoolery 07.24.2014
    Facebook and Under Armour rise on strong quarterly results.  Plus, Motley Fool Funds analyst Tim Hanson discusses hedge fund manager Bill Ackman’s bet against Herbalife. 
  • MarketFoolery 07.23.2014
    We analyze the latest results from Apple, Pepsi and Comcast.  And if you think we’re not going to talk about National Hot Dog Day, then it’s probably your first time listening to this podcast.
Capital Business
Posted at 11:43 AM ET, 04/18/2013

Hundreds line up for opening of Nordstrom Rack in downtown D.C.


Shoppers wait outside Nordstrom Rack at 18th and L streets NW in downtown D.C. on the morning of its grand opening on April 18, 2013. (Megan A. Garvey - Courtesy of Nordstrom)

Nearly 300 people waited in rainy weather for the opening of the Nordstrom Rack on 18th and L Streets NW on Thursday morning.

By the time the store opened at 9 a.m., the crowd snaked along 18th Street and onto K Street.

At the front of the line was Charlene Dillard, who had arrived at 5:30 a.m. from her home in Mt. Rainier.

“I’d heard that the first 30 people would get $100 gift cards,” she said.

That turned out to be untrue (there was a drawing instead), but no matter.

By 9:10, Dillard was leaving the store, with a new silk blouse. She’d also received an umbrella, a tote bag and a cookie (her breakfast, she said) while waiting in line.

“I don’t normally stop at Nordstrom Rack, but I was so excited for this,” she said as she headed to her job on K Street.


The line of shoppers snaked down 18th Street and onto K Street. (Jenna Cevasco - Courtesy of Golden Triangle BID)
The excitement surrounding the arrival of the 35,00-square-foot store bodes well for the future of retail in downtown Washington, said Leona Agouridis, executive director of the Golden Triangle Business Improvement District.

“It shows an amazing potential for retail here in the Golden Triangle,” Agouridis said. “People want to shop.”

It’s been a rough few years for the Golden Triangle — the neighborhood nestled between Farragut Square, Washington Circle and Dupont Circle — with the departure of retailers like Filene’s Basement and Talbots. Both of those sites along Connecticut Avenue remain vacant.

The 35,000-square-foot store, located at the former Borders site, is the 10th Nordstrom Rack in the Washington area. There are also nearby locations in Pentagon City and Friendship Heights.

By  |  11:43 AM ET, 04/18/2013

 
Read what others are saying
     

    © 2011 The Washington Post Company