By DON CONKEY and ELENI HIMARAS, The Patriot Ledger
BRAINTREE - Nordstrom, the high-end department store chain, will take over the Filene’s store that is closing in the South Shore Plaza.
The Seattle-based chain said today it has also signed letters of intent to open two new stores in the space occupied by Filene’s in the Burlington Mall and Northshore Mall in Peabody.
The company said last year it intended to spend about $875 million in the next three years on capital projects, of which 40 percent would go to building new stores...
Nordstrom is one of the nation’s leading fashion specialty retailers, with 155 stores in 27 states. Most shoppers interviewed today were pleased to hear that Nordstrom is coming, but some are still sorry to be losing Filene’s.
‘‘It’s a fine idea,’’ said Brenda Gaff, 40, of Milton, who was walking the mall with her baby daughter Delia. ‘‘I’m from the northern Virgina-D.C. area and there’s a lot of Nordstroms down there.’’
Two 18-year-olds from Norwell who were window shopping today said they welcome the new store.
‘‘The closest one before was Providence (on right), so this will make it easier,’’ said Jonathan Andrew. ‘‘They carry a lot of top-of-the-line clothes..."
Nordstrom had revenues of $7.1 billion for the year ended Jan. 29, up 11 percent. Its earnings were $393 million, an increase of 62 percent.
The chain has 151 stores in 27 states, but just two in New England, at Providence Place mall in Providence and the West Farms Mall in Farmington, Conn. Nordstrom will open a store at the Natick Mall next year...
Read the rest of this Ledger story here, and comment below.
According to the February 7 Cape Cod Times:
After Filene's sales, Macy's II to open
...When the merchandise is gone, the Filene's furniture and home good stores in Capetown Plaza along Route 132 will be sold, Federated spokeswoman Elina Kazan said.
The main Filene's store at the Cape Cod Mall will be renovated and opened as a second Macy's store in a ''dual-box strategy,'' Kazan said. The nature of each store's merchandise has not been decided yet, she said... Read the Cape Cod Times story here, and comment below.
See the Nordstrom site here.