Nordstrom Closing?

18 Comments
Reads 9994

By an edhat reader

A friend who rents space near Paso Nuevo told me last night that Nordstroms will be closing at the end of the year. She has the same landlord so I’m wondering if it might be so, do any edhat readers know for sure? 

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Flicka Dec 04, 2017 09:06 AM
Nordstrom Closing?

If you can't afford absolutely insane rents move to Bakersfield? Really cold. People working in SB should be able to afford living here instead of commuting on a clogged highway. Others who were raised here and have had generations of their family here should be able to stay in their hometown. GREED has taken over.

hunkymon Dec 03, 2017 08:52 PM
Nordstrom Closing?

Sounds like a good location for an Amazon warehouse...

Roger Dec 03, 2017 06:52 PM
Nordstrom Closing?

Maybe downtown will be all condos now....

a-1524524715 Dec 03, 2017 10:47 AM
Nordstrom Closing?

Nordstrom's in SB has always been one of worst grossing / sometimes worst grossing Nordstrom's in the whole company....it was just a matter of time. La Cumbre Plaza has most of their stores filled right now but, some are just for Christmas and the place is pretty quiet.

a-1524524715 Dec 03, 2017 09:54 AM
Nordstrom Closing?

Haha . Even these wealthy retail corporations who can afford high rents know how ridiculous and not worth it the rents here are. And no it's not bc of online sales b/c the Nordstroms I go to ont he east coast when I am there - and Macys - are not closing. Even residential - just look at CL lately. There was one rental 480 sq feet no closets for over $1700. Another - $1900 for a kitchen and bedroom only. And it goes on and on. It is ridiculous here and my guess is that the residential market will see the same - people leaving b/c it is getting out of control and not worth it.

SB_93117 Dec 03, 2017 11:05 AM
Nordstrom Closing?

@7471, it is ridiculous to assert that only people who can afford to pay astronomical and money-grubbing rents should live here. Did you stop to think about the people who have lived here for generations that, because of property owners who continue to increase rents, are living in poverty or, worse yet, are forced to move out of the community in which they were raised? My great grandfather basically built Montecito. Now I barely survive. I have generations of family here who were able to buy back in the day, but I'll NEVER be able to afford a home. I rent and every month I live in fear that I'll receive the notice telling me to move because they're selling the home. Every. Single. Month. Can I move? Of course. But why should I have to move? I've started a small business here that is doing well, but it doesn't even matter because I STILL can hardly afford to do anything but survive. BRING ON THE RENT CONTROL!

a-1524524715 Dec 03, 2017 10:50 AM
Nordstrom Closing?

No that is not the point. The examples you give, the money is worth what you get in return. The point here is, the money you have to pay to rent here is NOT worth what you get. Are you kidding? $1700 or even $1800 for a small rental with not even a full kitchen and some no laundry? That is insane! I don't stay at fancy hotels b/c I can't afford them, but at least if you can you actually GET something worth that money in return. Do you understand now?

a-1524524715 Dec 03, 2017 10:50 AM
Nordstrom Closing?

No that is not the point. The examples you give, the money is worth what you get in return. The point here is, the money you have to pay to rent here is NOT worth what you get. Are you kidding? $1700 or even $1800 for a small rental with not even a full kitchen and some no laundry? That is insane! I don't stay at fancy hotels b/c I can't afford them, but at least if you can you actually GET something worth that money in return. Do you understand now?

a-1524524715 Dec 03, 2017 10:53 AM
Nordstrom Closing?

If you drive a Lexus you actually get what you pay for. Landlords are becoming over the top greedy b/c they can. Time for rent control. I predict if this continues there will be rent control b/c there will be no one here but illegals renting and living 2-3 families per house, and people just coming to hang out for awhile.

a-1524524715 Dec 03, 2017 10:16 AM
Nordstrom Closing?

People are moving here and renting these places because they can afford to live here. I've traveled all around the world (about 35 or 38 countries), and know the places where I can afford to stay. I don't go to places where I cannot afford to stay or demand prices be lowered. Same goes for anything: I can't afford to eat at The Stone House, so I don't eat there. I can't afford a Lexus, so I don't buy one. I can't afford the hotels on 5th Ave. NY, so I don't stay there. I can't afford to buy a house in Montecito or Hope Ranch, so......(ya see a pattern here?). Plenty of people can afford to live here, and pay the price. If you're not one of 'em, then Bakersfield is just 3 hour away.

Flicka Dec 03, 2017 09:49 AM
Nordstrom Closing?

What ever happen to poor Santa Barbara and all the locally owned stores in years past? Greed got the better of good sense I guess.

Lucky 777 Dec 03, 2017 09:25 AM
Nordstrom Closing?

Does anyone else remember the election in the late 1970's when the citizens voted AGAINST a big mall downtown? Then came Picadlly Square, then the monstrosity anchored by Nordstroms. I actually called Seattle and spoke to one of the brothers that ran Nordstrom's, told him this is a city better served by small local businesses. He said "If that's so, we will fail." Took a while. I'm nostalgic for the Sunburst Farms locally grown vegetables and the monkey at the Pet House. And for a time when Jonesy danced up and down the street singing Sinatra tuns to the ladies. We tried to become Thousand Oaks with huge stores, it might be OK for La Cumbre Plaza but it sucked the character out of downtown.

SBCountyLocal Dec 03, 2017 07:50 AM
Nordstrom Closing?

I heard the same thing a few months ago from a credible source. Thinking about the shift from offline sales to online sales it makes total sense. People are ordering things online now, so much so, that it is gutting our retail stores across the board and big stores are failing fast. We have too much commercial retail space for the amount of offline shopping that is done now days and the larger stores like Macys and Nordstroms downtown paid/pay sky high rents. It doesn't pencil out for them financially. Its been evident for some time that the increasing online sales, decreasing retail sales, high rents Downtown and a redeveloped Funk Zone will gut the Downtown of its retail stores and that is exactly what we are seeing.

a-1524524715 Dec 02, 2017 09:21 PM
Nordstrom Closing?

I heard that they are going to become like a Nordstrom's Rack where you go in there and try on clothes and they order them from the warehouse and have them shipped to you based on that. I've heard that from a few credible sources but not sure when it's supposed to happen. If they're having good sales I would love to know because I have a Nordstrom's gift card

a-1524524715 Dec 02, 2017 04:57 PM
Nordstrom Closing?

I've heard the rumor, but nothing concrete. Employees have been told all is well, but that is what Macy's employees were told. Saks will be closing in March 2018.

420722 Dec 02, 2017 04:27 PM
Nordstrom Closing?

Wouldn’t doubt it but can’t confirm. Ps. This is the end of the year.

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