Nordstrom is entering a new era. The luxury department store announced major plans to go private following an approved $6 billion agreement with El Puerto de Liverpool, which has been an investor in the company since 2022.

The store in Peabody’s Northshore Mall will close on January 31 and the store in Braintree’s South Shore Plaza will close on March 8.

Nordstrom is closing stores that anchor two Massachusetts malls, and it's been announced that another retail chain is set to replace both businesses.Nordstrom store closingsThe Nordstrom department store at the Northshore Mall in Peabody will close on Jan.

Nordstrom is closing two of its Massachusetts stores, including one on the South Shore and one on the North Shore. A company spokesperson confirmed Nordstrom locations in Braintree and Peabody will both be closing in the coming months.

Nordstrom locations on both sides of Boston are set to close, the retail giant said Tuesday. The Nordstrom locations at the Northshore Mall in Peabody and the South Shore Plaza in Braintree will both cease operations within the first few months of 2025, a company spokesperson revealed to Boston 25 News.