TORONTO — Nordstrom Inc. announced Thursday it is closing 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.
2025-01-19 09:40212 view
2025-01-19 09:26583 view
2025-01-19 09:241983 view
2025-01-19 08:532843 view
2025-01-19 08:232406 view
2025-01-19 07:431938 view
NEW YORK (AP) — Shel Talmy, a Chicago-born music producer and arranger who worked on such British pu
Former University of Southern California running back Reggie Bush is demanding accountability in the
Police broke up a demonstration against Israel's war against Hamas in Gaza on Thursday at Emory Univ