Nordstrom department store is closing locations in two cities but is opening one new location.
Newsweek has contacted Nordstrom via email for comment.
Why It Matters
Nordstrom was founded as a shoe store by Wallin & Nordstrom in 1901 by family patriarch John W. Nordstrom, a Swedish immigrant. It has been in business for over a century and is one of only a handful of U.S. luxury department stores to remain in business as consumers increasingly rein in their discretionary spending and move toward online retailers for the purchases that they do make.
What To Know
Two Nordstrom stores are set to close by the end of this summer.
The first is 20 Broadway in Santa Monica, California, which will close by August 26.
The second is 1453 Saint Louis Galleria in St. Louis, Missouri, which will close by August 24.
A spokesperson for Nordstrom confirmed the closures to USA Today and said that despite the closures, they hope to transition employees at the affected stores to other locations, adding that “decisions like this are never easy.”
Fox News has reported that Dick’s House of Sports will replace the St. Louis location.
Nordstrom is far from the only store closing locations. Back in March, Macy’s announced that it would shutter 150 underproductive stores, and JCPenney closed seven locations across the country in May.
The retailer is, however, set to open a new location in San Francisco.
The store will be replacing Nordstrom’s flagship in the city, which shut in 2023 after 25 years, citing changing dynamics in the San Francisco market.
The store had been hit by looters and was one of multiple stores, including Saks Off 5th, Banana Republic, and Office Depot, to shutter locations in the city as San Francisco became a flashpoint for theft.
California Governor Gavin Newsom launched a statewide crackdown on theft starting in 2025.
Nordstrom local will look different from the original full-scale department store. It will be a smaller-format concept, offering pickups of online orders, returns, tailoring and personal styling appointments.
The store will not carry traditional retail inventory.
Nordstrom announced that it would be going private in December after the family announced it had made a $6.25 billion deal to buy all remaining shares in the company alongside Mexican department store company El Puerto de Liverpool.
What People Are Saying
Nordstrom CEO Erik Nordstrom said in a statement in December when the announcement hit that the company would be going private: “Today marks an exciting new chapter for the business. On behalf of my family, we look forward to working with our teams to ensure Nordstrom thrives long into the future.”
What’s Next
How brick-and-mortar locations for Nordstrom evolve remains to be seen.
The post Luxury Department Store Closing Locations in Two Cities: What to Know appeared first on Newsweek.
