Nordstrom to Close Circle Centre Store in Indianapolis
INDIANAPOLIS, May 26, 2011 /PRNewswire/ — Nordstrom today announced plans to
close its Circle Centre store in downtown Indianapolis, Ind. Originally opened
September 8, 1995, the 216,000-square foot store will close to the public at the
end of business on July 31, 2011. The company will continue to operate a nearby
location at The Fashion Mall at Keystone and is opening a new Nordstrom Rack
store at the Shops at Rivers Edge on September 15, 2011.
“This has been an extremely difficult decision that we’ve wrestled with for some
time because we care a lot about our employees, our customers and this
community,” said Erik Nordstrom, president of stores at Nordstrom. “We’ve
enjoyed serving our customers in downtown Indianapolis, but unfortunately our
business has declined over the long term for some time and despite our efforts
to turn things around we don’t see the outlook significantly changing.”
The closure impacts about 176 employees. Nordstrom will find opportunities for
many of those employees at its nearby stores — the two locations should offer
about 97 positions. “We have a fantastic team at Circle Centre and we are
fortunate that we’ll be able to offer many of them jobs at our Keystone store
and our new Shops at Rivers Edge Rack,” said Nordstrom. For those eligible
employees who aren’t offered roles at the other locations but stay with
Nordstrom until closing, a severance package will be available.
“The City has done an amazing job continuing to energize downtown Indianapolis -
things like adding more hotels, investing in an expanded convention center,
building a new football stadium, and transforming Georgia Street. But
unfortunately efforts like these just haven’t helped our business improve,” said
Nordstrom. “We’re glad to have had the privilege of serving customers at Circle
Centre for nearly 16 years and we look forward to serving customers at Keystone
and our Rack store into the future.”
About Nordstrom:
Nordstrom, Inc. is one of the nation’s leading fashion specialty retailers, with
214 stores located in 29 states. Founded in 1901 as a shoe store in Seattle,
today Nordstrom operates 116 full-line stores, 95 Nordstrom Racks, two Jeffrey
boutiques and one clearance store. Nordstrom also serves customers through its
online presence at Nordstrom.com and through its catalogs. Nordstrom, Inc.’s
common stock is publicly traded on the NYSE under the symbol JWN.
(Logo: http://photos.prnewswire.com/prnh/20001011/NORDLOGO)
CONTACT:
Brooke White, Nordstrom, Inc.
(206) 423-2163
SOURCE Nordstrom, Inc.















