Nordstrom Permanently Closing 16 Stores

Bethany Biron/Business Insider Nordstrom is permanently closing 16 stores in Arizona, California, Colorado, Florida, New Jersey, Maryland, Oregon, Virginia, Texas, and Puerto Rico. The closing stores will be among the company's 116 full-line locations, the multifloor department stores that carry Nordstrom's full assortment of products. The closures are likely to inflict pain on shopping malls. "It is a blow for malls already severely bruised by the crisis and slowdown in retail," Neil Saunders, of GlobalData Retail, said. Visit Business Insider's homepage for more stories.