May 19, 2024
Nordstrom closing down in Canada, shuttering all 13 stores | CBC News

Nordstrom closing down in Canada, shuttering all 13 stores | CBC News

Business·Breaking

Nordstrom Inc. says it is winding down its Canadian operations and closing all of its stores in the country.

2,500 people to lose their jobs

the Nordstrom store in the Toronto Eaton Centre is shown
Nordstrom is closing down in Canada. All 13 of the U.S. chain’s locations in Canada, including this one in Toronto’s Eaton Centre, will soon close. (David Donnelly/CBC)

Nordstrom Inc. says it is winding down its Canadian operations and closing all of its stores in the country.

The company, which launched in 2014, has six Nordstrom stores and seven Nordstrom Rack locations.

All stores will close and all 2,500 staff in Canada will lose their jobs, the company said Thursday.

“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,” the company said.

More to come

Source link