Peter E. Nordstrom

New York City -- Nordstrom announced Monday that its new Treasure&Bond concept will open in SoHo on Friday, according to a report by the New York Times. The boutique-style store, which represents a new market entry for Nordstrom, will be a fraction of the size of a typical Nordstrom department store and all profits will be donated to charity. Merchandise is funkier, but is not discount like its Nordstrom Rack sister. Retail analysts applaud the move as a sensible way to test the Manhattan waters for the Seattle-based department store retailer. According to Peter E. Nordstrom, executive VP and