Manhattan’s Treasure & Bond will be a philanthropic venture.
Nordstrom might be a guilty pleasure for you but there is nothing guilty about the pleasure of shopping at one new Nordstrom-owned store. The store, Treasure & Bond, which opened Friday, August 19th in New York City and Nordstrom have committed to donating store profits to charity. That’s right, Nordstrom will not be pocketing the profits from Treasure & Bond. The Seattle-based company is donating proceeds from the store to nonprofit organizations that benefit New York City children.
The store will support two charities each quarter. Eight organizations have already been selected.
August – October 2011
The New York Public Library Programs for Children and Young Adults
New York City’s Young Men’s Initiative
November 2011 – January 2012
Children’s Health Fund
Coalition for the Homeless: Camp Homeward Bound Sleep-Away Camp and After School Services
February 2012 – April 2012
The Edible Schoolyard NYC
Friends of the High Line’s Family and Education Programs
May 2012 – July 2012
Pediatric Cancer Care, Memorial Sloan Kettering
Association to Benefit Children (ABC)
At the end of each quarter, the net profits will be split equally between the two charities selected. In order to ensure that these organizations receive the maximum donation possible, Treasure & Bond is cutting expenses wherever possible including the use of recycled, reclaimed or repurposed materials from Nordstrom locations.
While Nordstrom owns the new boutique, shoppers familiar with the upscale retailer won’t recognize Treasure & Bond. The store is much smaller and features clothing and accessories you may not find at a Nordstrom store including custom couture hats from Satya Twena and vintage glasses from The Vintage Frame Company.
Treasure & Bond is located at 350 West Broadway in SoHo, but if you want to get a sneak peek inside Nordstrom’s new philanthropic shopping experience, check out this feature on Vogue.com.
Source: http://www.mnn.com
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