Nordstrom is shutting down two of its stores by the end of August as the company tries to keep afloat.
The retail industry faces several headwinds, from a challenging economic climate to shifting consumer behavior.
Saint Louis Galleria Nordstrom store in St. Louis, Missouri, as well as the Nordstrom store in Santa Monica, California, will close on Aug. 24 and Aug. 26, respectively, the company confirmed to FOX Business.
“We believe we’ll be best able to serve customers in each region by leveraging our surrounding stores and through our digital channels,” a Nordstrom spokesperson said in a statement.
“Decisions like this are never easy, and we understand the impact they have on our team members.”
The company said it would help impacted employees find roles at other Nordstrom locations.
The Nordstrom store is pictured in Broomfield, Colorado, February 23, 2017. REUTERS
The luxury retailer isn’t the only one that has announced