Nordstrom to close Oregon store, in a rare move for the retailer

Nordstrom can be planning to close a full-line department store in Salem, Oregon, affecting about 130 nonseasonal employees.

The announcement Thursday comes as Nordstrom family members are planning to resume their efforts to go private later This particular year, although challenges may still lie ahead, sources have told CNBC. Those challenges include cobbling enough financing together to make the deal successful.

The Seattle-based retailer includes a much smaller store fleet than its peers, doing a store closure more rare for Nordstrom. The company operates roughly 360 stores today, more than 0 of those under the off-cost, Nordstrom Rack banner.

“The decision to close a store can be never one we take lightly,” Jamie Nordstrom, president of Nordstrom stores, said in a statement. “Unfortunately, we don’t think investing in Salem Center can be the best approach for us moving forward.”

He said the company can be “focusing on how to bring those together in individual markets to give our customers a more convenient as well as seamless shopping experience.”

After closing the Salem store, Nordstrom will still have three full-line locations as well as six Rack stores in Oregon.

Already This particular year, Macy’s, Sears as well as J.C. Penney have announced plans to close more stores. As more sales move online as well as away via brick-as well as-mortar stores, retailers are looking to right-size their footprints as well as make physical locations more experiential as well as with less inventory.

Leave a Reply

Your email address will not be published.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


eight + 6 =