Update: Nordstrom closing sale start soon in Mississauga and across Canada
Published March 20, 2023 at 10:47 am
Big sales at Nordstrom’s Mississauga location will start Tuesday after an Ontario court granted the department store permission to sell off its merchandise before it closes its Canadian stores.
Earlier this month, Nordstrom announced it is closing down all of its Canadian stores including those at the Heartland Centre in Mississauga and Sherway Gardens in Etobicoke.
And now, at a hearing in Toronto, the Superior Court of Justice gave the U.S. retailer’s Canadian branch approval to start the liquidation process.
Nordstrom required court approval because it is winding down its Canadian operations under the Companies’ Creditors Arrangement Act, which helps insolvent businesses restructure or end operations in an orderly fashion.
As part of the wind down, Nordstrom will close its six Canadian department store locations and seven Nordstrom Rack shops, which sell designer goods at discount prices.
When Nordstrom announced its exit from the market in March, it said it expected Canadian stores to close by late June.
Update: This story was updated to say sales are expected to start Tuesday.
This report by The Canadian Press was first published March 20, 2023.
Tara Deschamps, The Canadian Pressinsauga's Editorial Standards and Policies advertising