Nordstrom’s has opened its first store in NYC, it is called treasure&bond, located at 350 West Broadway (between Broome and Grand).
It’s something different in retail. They plan to donate 100% of their profits to non-profit organizations benefitting children of New York City.
“We’re a local business and we want to give back to the people we’ll be serving. Here’s how it will work. We have an eclectic selection of unique fashion, art, gifts and other merchandise that we hope you’ll want to buy. Every quarter, we’ll tally up sales and subtract all of our expenses and every bit of profit will be split equally among the non-profit partners we’ve selected to help the kids of New York.”