Coronavirus fallout: Here are the 16 department stores Nordstrom is closing permanently

Business

Nordstrom announced earlier this week it will be permanently closing 16 of its department stores, after assessing each state that it operates in and the hit it is taking because of the coronavirus pandemic

The company today has 116 full-line stores, absent its off-price Nordstrom Rack locations and Trunk Club business. All of its stores have been temporarily shut to try to help curb the spread of Covid-19 since mid-March. 

The permanent closures, which are set to take place this year, impact Nordstrom stores across California and in Florida, New Jersey and Texas, among other states. (See the full list of the 16 stores below.) This means roughly 14% of Nordstrom’s full-line department stores are going dark. 

“More than ever, we need to work with flexibility and speed,” CEO Erik Nordstrom said in a statement earlier this week. 

Nordstrom shares were up about 4% Friday afternoon, amid a broader market rally. The stock, valued at $2.8 billion, has fallen about 56% this year. 

Here is the full list, as it was confirmed by a Nordstrom spokeswoman: 

Chandler Fashion Center, 3199 W. Chandler Blvd., Chandler, Arizona

Arden Fair Mall, 1651 Arden Way, Sacramento, California

Paseo Nuevo, 17 W. Canon Perdido St., Santa Barbara, California

Montclair Place, 5015 N. Montclair Plaza Lane, Montclair, California

Westfield North County, 270 E. Via Rancho Parkway, Escondido, California

3601 The Galleria at Tyler, Riverside, California

Stoneridge Shopping Center, 1600 Stoneridge Mall Road, Pleasanton, California

FlatIron Crossing, 21 W. Flatiron Crossing Drive, Broomfield, Colorado

Waterside Shops, 5489 Tamiami Trail N., Naples, Florida

Dadeland Mall, 7239 N. Kendall Drive, Miami, Florida

1800 Annapolis Mall, Annapolis, Maryland

Freehold Raceway Mall, 3710 U.S. Highway 9, Freehold, New Jersey

Clackamas Town Center, SE 85th Ave., Happy Valley, Oregon

North East Mall, 1101 Melbourne Road, Hurst, Texas

Short Pump Town Center, 11812 W. Broad St., Richmond, Virginia

4000 The Mall of San Juan Blvd., San Juan, Puerto Rico

Articles You May Like

Party City to close all of its stores, report says
Why Increased Longevity Means You Need To Rethink Your Retirement
As Congress works to avoid a shutdown, here’s what’s next for a bill to increase Social Security benefits for public pensioners
Netflix secures U.S. rights to the FIFA Women’s World Cup in 2027, 2031
The Fed sees only two rate cuts in 2025, fewer than previously projected

Leave a Reply

Your email address will not be published. Required fields are marked *