Thursday, February 14, 2008

New York is Not Loving Nordstrom

According to WWD the seattle-based retailer is starting to face difficulties. The Manhattan flagshio store was set to open at the site of the former Drake Hotel, on the northwest corner of Park Avenue and 56th Street. One thing Manhattan does not need is another lame commercial department store. But anyways the fact of the matter is that the partners who Nordstrom signed a nonbinding letter of intent with has been seeing serious finacial problems leaving the possibilities in the air. We are not choosing sides but the city could use another Bendels not another Lord &Taylor.

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