(c) Rick Wilking/Reuters

Nordstrom is planning to close both of its Downtown San Francisco stores, choosing not to renew its lease obligations at its location in the Westfield Mall. It will also close a second nearby Downtown Nordstrom Rack.

The retailer confirmed the closures on Tuesday. In an email to employees, the company's chief stores officer wrote that "the dynamics of the downtown San Francisco market have changed dramatically over the past several years, impacting customer foot traffic to our stores and our ability to operate successfully."

The two planned closures represent about 357,500 square feet of retail space, according to the San Francisco Business Times, which first reported Nordstrom's plans. The Westfield mall Nordstrom and the Nordstrom Rack will close at the end of August and on July 1, respectively.

Source: The SF Standard

Continue Reading…