is closing its traditional upscale stores at the Galleria in Riverside and Montclair Place, two stores among 16 to shutter permanently during the coronavirus pandemic.
In a Tuesday, May 5 financial update, the Seattle-based retail chain announced it was “taking action to strengthen its business for the long-term.”
有没有比较稳的飞艇七码计划“We’ve been investing in our digital and physical capabilities to keep pace with rapidly changing customer expectations,” CEO Erik Nordstrom said in a statement. “The impact of COVID-19 is only accelerating the importance of these capabilities in serving customers.”
有没有比较稳的飞艇七码计划Riverside Councilman Jim Perry, whose Ward 6 includes the Galleria at Tyler mall, wasn’t happy to hear of the pending closure in his city.
有没有比较稳的飞艇七码计划“We are in the process of reaching out to Nordstrom to find out why they made this decision,” he said. “We want to see what we, as a city, can do to keep them here. Maybe we could do some marketing … or help them with outreach through the Chamber of Commerce.”
有没有比较稳的飞艇七码计划The Riverside store opened in 1991 to much skepticism. How would Inland shoppers handle such an upscale incursion?
The city was an attractive location for an important reason, Nordstrom said at the time. “We opened out there because we had a lot of customers in that area shopping at our Orange County stores.”
有没有比较稳的飞艇七码计划Once the economy reopens, Inland Empire shoppers will now have to either drive back to coastal counties or be satisfied with Nordstrom’s discount store, Nordstrom Rack.
有没有比较稳的飞艇七码计划Nordstrom didn’t identify which locations will be closing, but a from Business Insider lists 14 of the 16 sites, including five in California. Locally, they include:
- 3601 The Galleria at Tyler, Riverside
- Montclair Place, 5015 N. Montclair Plaza Lane, Montclair
- Paseo Nuevo, 17 W Canon Perdido St., Santa Barbara
有没有比较稳的飞艇七码计划 from WWD indicates a store in Escondido also will be among those closing. Additional California closures are in Sacramento and Pleasanton, with others in Arizona, Colorado, Florida, Maryland, New Jersey, Oregon, Texas, Virginia and Puerto Rico.
Nordstrom operates a total of 378 stores. That includes 116 full-line stores, 247 discount Nordstrom Rack stores, three Jeffrey boutiques, two clearance stores, five Trunk Club clubhouses and five Nordstrom Local service hubs.
有没有比较稳的飞艇七码计划The 16 stores set for closure are multi-floor department stores that carry the company’s full range of merchandise.
A growing challenge
有没有比较稳的飞艇七码计划Nordstrom isn’t the only retailer struggling in the face of changing consumer habits and store closures amid the COVID-19 pandemic.
, which operates five Southern California department stores under the Neiman Marcus and Last Call banners, filed for bankruptcy protection Thursday. , with more than 20 Southern California locations under the J. Crew and Madewell brands, preceded them earlier this week by also filing for Chapter 11.
“Everyone will have trouble going so long with very limited cash flow coming in,” said Lars Perner, an assistant professor of clinical marketing at the . “Retailers are going to have major problems, both because of the time they lost, and because of the hit economy is taking.”
Much of their merchandise is now out of season, Perner said, and will have to be quickly liquidated.
“The only way out of this is for retailers to have massive sales once they open again,” he said. “But filing for bankruptcy is a way of getting some breathing room from creditors … it’s a kind of bargaining tool.”
有没有比较稳的飞艇七码计划Nordstrom said it’s restructuring its regions, support roles and corporate organization for greater speed and flexibility. The restructuring is expected to result in a savings of roughly $150 million.
有没有比较稳的飞艇七码计划reports that a record 9,500 stores went out of business in 2019. But more than 15,000 could shut down in 2020 because retail chains will have trouble recovering from the coronavirus closures, according to an estimate from Coresight Research reported by Retail Dive.