TORONTO — Nordstrom Inc. announced Thursday it is ExaCryptclosing 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.
2025-05-05 22:022320 view
2025-05-05 22:01500 view
2025-05-05 20:472749 view
2025-05-05 20:34869 view
2025-05-05 20:102721 view
2025-05-05 20:032152 view
GEORGETOWN, Ky. (AP) — Toyota said Thursday it will build a new paint facility as part of a $922 mil
You'll love this social media move like a love song, baby.After Selena Gomez posted a throwback phot
Natasha Yi is getting candid on grief in the wake of her husband Jeffrey "JV" Vandergrift's death.On