While local leaders preach a “Portland is Back” narrative, corporate boardrooms are voting with their feet. From the final exit of downtown anchors to the collapse of the pharmacy network in the Willamette Valley, the retail map of Oregon is being redrawn this year.
Here is the breakdown of the retail shakeup hitting the Beaver State in 2026.
The Symbolic Exit: Nordstrom Rack Leaves Downtown
If there is one closure that defines 2026 for Portland, it is the departure of Nordstrom Rack from the Moda Tower.
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- The News: The retailer confirmed it will close its downtown doors in January 2026, citing the changing economic…