The Florida Mall later lost all of its luxury anchor stores, Lord & Taylor closed in 2006, three years after the company announced the store would close. Saks Fifth Avenue closed in 2014 after it was chosen as one of the stores to be closed when purchased by Hudson Bay Co. A few months after Saks closed, the mall received its biggest loss when Nordstrom announced that it would be closing its Florida Mall location on August 16, 2014, due to underperforming sales compared to the rest of the stores. Retail analysts blamed the poor sales at the Nordstrom location at The Florida Mall on competition from the Mall at Millenia and outlet malls, a lack of local affluent shoppers in the Orlando area, and a higher demand for casual clothing over formal clothing. Many Orlando residents were upset after Central Florida's only Nordstrom was closed. It led to much controversy on whether or not Nordstrom would have done better in Orlando if it was located with more upscale shopping like at the Mall at Millenia.