Nordstrom announced Tuesday that it has plans to permanently close 16 of its department stores.
The statement says the store closures are “to strengthen its business for the long-term.” A list of store closures have not yet been disclosed.
A Nordstrom spokesperson didn’t respond to immediate request for comment.
There are currently five Nordstrom stores in New Jersey, along with 116 department stores in total, according to its website. All stores have been temporarily closed since March 17 amid the coronavirus pandemic, including its Nordstrom Rack stores.
The company also says while its stores have been temporarily closed, solid online traffic has been generated and excess inventory has been cleared through its increased marketing and promotional efforts. Nordstrom is currently holding a sale that is offering up to 50% off on popular brands like Steve Madden, Topshop and Hugo Boss.
“We’ve been investing in our digital and physical capabilities to keep pace with rapidly changing customer expectations," Erik Nordstrom, CEO of Nordstrom, said in the statement. "The impact of COVID-19 is only accelerating the importance of these capabilities in serving customers.”
Other retailers including Neiman Marcus and J.Crew have also been struggling amid the coronavirus pandemic. Both companies have filed for bankruptcy this week.
Nordstrom was founded in 1901 in Seattle, Washington as a shoe store.
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