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Nordstrom to permanently close two Florida stores

The Waterside Shops store in Naples and the Dadeland Mall location in Kendall will close.
Nordstrom has announced it is to close 16 of its stores in 2020, including two in Florida: the Dadeland Mall store in Kendall and one in Naples. MIAMI HERALD FILE
Nordstrom has announced it is to close 16 of its stores in 2020, including two in Florida: the Dadeland Mall store in Kendall and one in Naples. MIAMI HERALD FILE [ Miami Herald ]
Published May 11, 2020

Nordstrom, the service-focused fashion retailer founded in Seattle in 1901, plans to permanently close 16 of its full-line stores later this year — including two in Florida.

Business Insider reported the planned Nordstrom closings and they include the Dadeland Mall location in Kendall and the Waterside Shops store in Naples.

Nordstrom defied South Florida’s sometimes-lax service norms when it opened in Coral Gables in 2002 and quickly grew a loyal following. Its original Miami store — at Merrick Park — and the one at International Plaza in Tampa are not named in the current action, which will leave 100 stores in its portfolio.

The move — representing about 14 percent of the Nordstrom holdings — affects its full-line fashion stores and not the 247 discount Nordstrom Rack stores. Its three Jeffrey boutiques, two clearance stores, five Trunk Club clubhouses, and five Nordstrom Local service hubs were also not named.

“More than ever, we need to work with flexibility and speed,” CEO Erik Nordstrom said in a statement obtained by CNBC.

In March, Market Watch reported that Nordstrom and Chief Brand Officer Peter Nordstrom said they would take no base salary for at least six months, as the chain struggled with declining sales, an industry-wide problem brought about by changes in customers’ buying habits. But the closings were exacerbated by the coronavirus pandemic that temporarily closed most retail stores in March as people live under shelter-at-home orders in cities nationwide.

Last week, J Crew announced it had entered Chapter 11 bankruptcy. Dallas-based Neiman Marcus also filed under Chapter 11, which allows companies protection from its creditors during reorganization.

Reuters reported that Lord & Taylor plans to liquidate inventory in its 38 department stores once COVID-19 restrictions are lifted and the company expects to enter bankruptcy. The high-end chain, founded in 1826, has one remaining store in Florida, in Boca Raton’s Mizner Park.

J.C. Penney is expected to file for bankruptcy and close hundreds of stores within a week, Business Insider reported, citing Reuters. The department store chain, founded in Wyoming in 1902 and with 52 stores in Florida, is $4 billion in debt.

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