• Nordstrom to close stores in Portland, Vancouver

    By: Associated Press


    Portland, Ore. - Seattle-based luxury retailer Nordstrom says it is closing its stores in the Lloyd Center mall in Portland, Ore., and the Westfield Vancouver mall in Vancouver, Wash.

    The Oregonian reports ( http://bit.ly/1fIATtR) that the closures expected next January will affect about 220 workers at Lloyd Center and 164 at Westfield Vancouver. The company said Wednesday it would try to place the employees at its three other full-line stores or its four nearby Nordstrom Rack discount stores.

    Erik Nordstrom described both stores as "softer performers" for a number of years. He says they needed a remodel and were not sufficiently profitable to cover renovation work.

    Nordstrom operates 260 stores in 35 states.

    Dallas-based Cypress Equities bought the Lloyd Center mall last June. Cypress says it plans to wrap the Nordstrom space into a recently announced renovation plan.

    Westfield regional marketing vice president Heather Almond says Nordstrom's departure is an opportunity to add new choices to the Vancouver mall.


    Information from: The Oregonian, http://www.oregonlive.com

    (Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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