Nordstrom To Close Under-Performing Stores | 101 KXL

Nordstrom To Close Under-Performing Stores

Written by Jeremy Scott on February 5, 2014
nordstrom-lloyd

PORTLAND — Nordstrom is closing up shop at two of the retailer’s longtime stores in Portland and Vancouver.

The company says they’re shutting down their Lloyd Center and Westfield Mall locations next January when their leases are up.  The Lloyd store has been an anchor of the mall since 1960.  The Westfield Nordstrom opened in 1977.

Nordstrom says it just doesn’t pencil out keeping the under-performing stores in business.  Most of the nearly 400 employees who work there will have the option of relocating.

“These are strategic decisions based on the amount of foot traffic and dollars flowing through those stores”, said Rob Smith, editor of the Portland Business Journal.

He says the loss of Nordstrom will be a blow to Lloyd, which has been trying lure more foot traffic lately.  Despite the closures, Smith points out that Nordstrom is still growing across the country.

Posted Under: Business News, Local Headlines, Today's Top Stories

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