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
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May 09, 2020 at 03:33AM
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Coronavirus fallout: Here are the 16 department stores Nordstrom is closing permanently - CNBC
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