Nordstrom is shutting down two of its shops by the tip of August as the corporate tries to maintain afloat.
The retail business faces a number of headwinds, from a difficult financial local weather to shifting shopper habits.
Saint Louis Galleria Nordstrom retailer in St. Louis, Missouri, in addition to the Nordstrom retailer in Santa Monica, California, will shut on Aug. 24 and Aug. 26, respectively, the corporate confirmed to FOX Enterprise.
“We consider we’ll be finest in a position to serve prospects in every area by leveraging our surrounding shops and thru our digital channels,” a Nordstrom spokesperson stated in an announcement.
“Selections like this are by no means straightforward, and we perceive the influence they’ve on our staff members.”
The corporate stated it will assist impacted workers discover roles at different Nordstrom areas.
The posh retailer isn’t the one one which has introduced closures lately because the business faces a tough patch, together with lackluster gross sales and declining site visitors.
In January, Macy’s recognized 66 shops that it deliberate to shut this yr.
The corporate is on observe with its plans to shut 150 areas over three years as a part of its technique, dubbed a “Daring New Chapter,” geared toward serving to the corporate obtain sustainable, worthwhile development.
A month later, JCPenney introduced plans to shut a “handful” of shops over the approaching months because it struggled to maintain tempo with quickly altering market circumstances.
Eight areas throughout eight states are closing, with the corporate citing causes comparable to “expiring lease agreements” and “market modifications.”
To additional spotlight the business’s woes, final fall, U.S. retail closures reached the very best degree because the COVID-19 pandemic, in keeping with Coresight Analysis.
Job cuts within the sector additionally surged 80% within the first 5 months of 2025 in comparison with the identical interval final yr, in keeping with a brand new report from Challenger, Grey & Christmas.
“Tariffs, funding cuts, shopper spending, and total financial pessimism are placing intense strain on corporations’ workforce,” stated Andrew Challenger, senior vice chairman of Challenger, Grey & Christmas, within the report.
“Firms are spending much less, slowing hiring, and sending layoff notices.”
Retailer closures additionally contributed to these cuts.
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