Nordstrom has decided to close one of its oldest stores in California due to the store's performance. This means that nonseasonal employees, or the regular ones, will have to find another job or transfer to a different Nordstrom store.
The Orange County Register reported that the MainPlace store of Nordstrom will be shut down. The store is one of the retailer's oldest store as it has been running for 30 years. The store will be permanently close starting March 17.
While Nordstrom has decided to close its oldest store, it does not necessarily mean that the retailer is going bankrupt. Apparently, the store has not been performing as expected so the retailer made the decision of cutting its losses by letting go of the location and the staff.
The good news, however, is that some of the employees may be transferred to other nearby Nordstrom locations. Those who will not accept the transfer will be given a separation package and will have to look for new jobs.
The MainPlace Nordstrom staff may find themselves working for any of the retailer's stores within Orange Country. The retailer has locations at The Shops at Mission Viejo, Los Cerritos Center, Irvine Spectrum Center, South Coast Plaza, Fashion Island and Brea Mall, L.A. Biz reported. Aside from the stores, the retailer also has 12 Nordstrom Racks at Outlets in the county.
The space, which measures at 169,000 square feet, will be developed. Centennial Real Estate Co., which owns the mall, said the space might soon be the location of other retailers and shops. The new retailers and shops may also be a source of jobs for those Nordstrom employees who might find themselves jobless after the location closes.
In 2016, Nordstrom has reported weak earnings performance during the second quarter of its fiscal 2017, which was expected to hit its shares, Jobs & Hire previously reported.