Seattle-based retailer Nordstrom said Wednesday it will close two stores in the Portland area because sales have failed to meet expectations.
Its stores at Portland’s Lloyd Center and nearby Vancouver Mall will close in January 2015.
“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,” Erik Nordstrom, the company’s president of stores, said in a statement. “We never like to close a store, but we came to the difficult conclusion that it doesn’t make good business sense to continue operating them after our agreements end.”
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