PROVIDENCE – Nordstrom Inc. will close its Providence Place mall location on Jan. 5, the company announced Tuesday.
The closure marks the second anchor-store lost from the mall since 2015, when J.C. Penney left. The mall was unable to find another anchor tenant to replace J.C. Penney following its departure, eventually replacing it with additional parking and small retail.
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The Nordstrom store opened in 1999. The closure will affect roughly 187 non-seasonal employees. The store is a 190,000-square-foot space. The J.C. Penney store was 116,691 square feet.
The sole remaining anchor store at Providence Place following the Nordstrom closure will be Macy’s, which is a 200,125-square-foot store.
Nordstrom said the planned closure was a business decision.
“We look at our business market-by-market to understand where we have opportunities to grow our business while also being as efficient as possible in serving our customers. When we look at our business in the Providence market, we determined it made most sense to end our Providence Place lease,” the company said in a statement.
The company also noted that the Nordstrom Rack store in the Warwick Mall will remain open.
The Providence Place building is the single most valuable property in the city, accessed at $698.1 million in 2018.
Nordstrom is headquartered in Seattle.
Chris Bergenheim is the PBN web editor. Email him at Bergenheim@PBN.com.
