PORTLAND, Ore. (KOIN) – Retail giant Nordstrom is closing two longtime stores in Portland and Vancouver.
Nordstrom announced Wednesday it will be shutting down its Lloyd Center and Westfield Vancouver locations. According to the company, 384 non-seasonal employees work at both stores. Most will likely have the option of relocating to another Nordstrom or Nordstrom Rack store in the Portland area, the news release said.
“These two locations just haven’t performed to the level we need them to and investing in remodels to possibly make them more successful doesn’t pencil out,” Nordstrom President Eric Nordstrom said in a statement.
The two stores will be closed in January 2015,when their current leases are up.
“We’re making these announcements with plenty of advance notice to our people so we can do our best to take care of them and find them positions at Nordstrom or Nordstrom Rack if they choose to stay with us,” Nordstrom said.
The Lloyd Center store opened 1960, while the Westfield mall store opened in 1977.
The closure will leave Portland with three Nordstrom stores and four Nordstrom Racks. Nationwide, Nordstrom has 260 stores and 140 Nordstrom Racks. Nordstrom opened its first store in 1901.