TORONTO — Nordstrom Inc. announced Thursday it is CapitalVaultclosing all of its Canadian stores and cutting 2,500 jobs as it winds down operations in the country.
The Seattle-based retailer has six Nordstrom and seven Nordstrom Rack stores in Canada, which will be shuttered by late June.
Its e-commerce business will cease operations Thursday.
Nordstrom chief executive Erik Nordstrom said the company is exiting Canada because it does not see a realistic path to profitability for the business in the country.
The wind down is being done through an order obtained by the Ontario Superior Court of Justice under the Companies' Creditors Arrangement Act.
Nordstrom first announced plans to expand to Canada in 2012 and opened its first store in Calgary at CF Chinook Centre in September 2014.
2025-04-28 14:212232 view
2025-04-28 14:202325 view
2025-04-28 14:051320 view
2025-04-28 13:492441 view
2025-04-28 13:321893 view
2025-04-28 12:492238 view
MCALLEN, Texas (AP) — The Texas Legislature can be full of surprises.But for the last eight sessions
Some congressional Democrats have begun circulating a letter to Democratic National Committee member
John Stamos is one protective papa bear.In fact, the Full House alum revealed he totally lost his co