Large department store closing all Canadian locations, 2,500 jobs lost
Published March 2, 2023 at 5:26 pm
Nordstrom is closing down all of its Canadian stores including those at the Heartland Centre in Mississauga and Sherway Gardens in Etobicoke.
The fashion retailer broke the news today announcing that it did not foresee a profitable future in Canada.
“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,” Erik Nordstrom, chief executive officer of Nordstrom, said in a released statement. “We want to thank our team for their performance and dedication in serving customers in Canada.”
Across the country, 2,500 people will lose their jobs because of the closure.
It is expected that all 13 Canadian stores will close by the end of June and that it’s e-commerce site will cease operating immediately.
The Mississauga location, which opened in 2018, was a Nordstrom Rack – an off-price location that has been selling a wide variety of fashion apparel, accessories and shoes at discount prices.
Nordstrom first announced plans to expand to Canada in 2012 and opened its first store in Calgary at CF Chinook Centre in September 2014.
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