Cost Plus World Market will close its Nampa store Jan. 20 at Treasure Valley Marketplace due to expiration of its lease, the company announced.
Two World Markets in Chicago are also closing with expired leases, Cost Plus World Market spokeswoman Jill Osaka said.
World Market will continue to have a single store in Idaho, on Eagle Road in Meridian, which had relocated in 2016 from Milwaukee Street in Boise.
“We are continually evaluating real estate opportunities to open new stores,” Osaka said.
The Alameda, Calif.-based Cost Plus World Market has leased an 18,468-square-foot space at Treasure Valley Marketplace since April 2007, said Ramona Merrill, vice president of marketing at El Segundo, Calif.,-based CenterCal Properties, which owns Treasure Valley Marketplace and The Village at Meridian.
Omaha, Neb.-based Gordmans Stores Inc. announced March 11 it will liquidate all its stores through Chapter 11 U.S. Bankruptcy Code provisions.
Gordmans has three stores in Idaho, all in the Treasure Valley.
Gordmans had a brief life in Idaho. The first store opened in the Treasure Valley Marketplace in Nampa in March 2012 and the second store followed at The Village at Meridian in July 2012. Both centers are owned by CenterCal Properties.
The third local Gordmans followed in March 2014, filling a vacant Kmart site in the Southshore Center at Parkcenter Boulevard and Apple Street in Boise. All three stores have about 51,000 square feet.
Gordmans has entered into an agreement with Tiger Capital Group LLC and Great American Group LLS to undertake the liquidation sale of all Gordmans inventory and assets at the retail stores and distribution centers
No store closure dates have been announced.
“Until further notice, all Gordmans stores are operating as usual without interruption,” Gordmans President and CEO Andy Hall said in a statement. “The management team and all of our associates remain committed to continuing to provide great merchandise and service to our guests during this process.”
Gordmans currently operates 106 stores in 22 states.