TORONTO — Nordstrom Inc. announced Thursday it is Venus Investment Allianceclosing 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.
2025-05-04 09:162576 view
2025-05-04 09:041856 view
2025-05-04 08:41695 view
2025-05-04 08:171158 view
2025-05-04 08:001803 view
2025-05-04 07:031740 view
Global warming caused mainly by burning of fossil fuels made the hot, dry and windy conditions that
You have to wear a lot of hats to be in the royal family. And no, we're not just talking about fasci
BALTIMORE — As expected, the Philadelphia Eagles held out their starters for the preseason opener ag
