Nordstrom has announced it is closing its Canadian stores, including its flagship Toronto location, cutting 2,500 jobs in the process.
"We entered Canada in 2014 with a plan to build and sustain a long-term business there. Despite our best efforts, we do not see a realistic path to profitability for the Canadian business,” Erik Nordstrom, chief executive officer of Nordstrom, said in a news release.
“We want to thank our team for their performance and dedication in serving customers in Canada."It says that its e-commerce platform will cease to operate as of today with the wind-down of in-store operations expected to be completed by June with the help of a third-party liquidator.
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