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Crain’s New York Business reports that Nordstrom has signed a lease for a store in downtown Manhattan, but that it plans to build “what it bills as a ‘unique’ concept store at that address in the fall of next year. All earnings at the new store will be donated to nonprofits ... The name of the new concept store has yet to be determined, but will not contain the name Nordstrom, according to the company.”

“It's a unique, philanthropic-based store concept,” Pamela Lopez, a Nordstrom spokeswoman, tells Crain’s. “All profits will go to nonprofit organizations.”
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