BREAKING: Nordstrom will close all of its Canadian stores
Nordstrom has announced that it will close all of its Canadian stores, cutting 2,500 jobs in the process.on Thursday, noting that it does not “see a realistic path to profitability for the Canadian business.”
The move will result in the eventual closure of all of the company’s Nordstrom and Nordstrom Rack locations across Canada, including a flagship store located at CF Toronto Eaton Centre. The company also operates stores at Yorkdale Shopping Centre, Vaughan Mills Shopping Centre and CF Sherway Gardens. "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.
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