Nordstrom has declared that it will be shutting down all of its Canadian operations and closing its stores in Canada. As a result, the Nordstrom store located in the Rideau Centre. Also, the the Nordstrom Rack at Ottawa Train Yards will be shutting down by the end of June.
According to the fashion retailer. Obviously, it does not see a “realistic path to profitability for the Canadian business.” Furthermore, as a result, it has decided to wind down. Ironically, its operations in Canada. Nordstrom CEO, Erik Nordstrom, has stated that the decision was not an easy one to make. However, it will allow the company to simplify its operations. Also, focus more on driving long-term profitable growth in its core U.S. business.
THE CLOSURE SHALL DEFINITELY AFFECT SEVERAL EMPLOYEES:
The closure of Nordstrom’s Canadian stores is set to affect several employees. These are the employees, who will be losing their jobs as a result of the decision. However, the company has promised to work with its employees to find suitable alternatives, including severance and transition benefits.
This announcement comes as a blow to Canadian consumers who have come to rely on Nordstrom’s high-end fashion offerings. However, the company’s decision to focus on its U.S. business. Obviously, could lead to an even better shopping experience for its American customers.
Following Nordstrom’s decision to wind down its Canadian operations. Furthermore, shut down all of its stores in Canada. Thus, the company has announced that Nordstrom Canada gift cards will continue to be honoured. That is, until the end of the liquidation period. Returns and exchanges will also be permitted until March 17, after which all sales and returns will be considered final.
SEVEN RACK STORES LOCATED ACROSS THE COUNTRY:
There are six Nordstrom stores and seven Nordstrom Rack stores across Canada, including two in Ottawa. The closure of the stores has left some shoppers feeling disappointed, with one stating that they might miss it. Also, another acknowledging that it’s a nice store. However, one shopper admitted that they were not surprised to hear the store is closing. Thus, as they have become accustomed to hearing about stores closing.
The closure of Nordstrom’s store in the Rideau Centre. A store, which opened in March 2015. For obvious reasons, will mean that the downtown Ottawa mall is losing one of its main anchor tenants. The 157,000 square-foot store offered items for women, men, and children. In 2016, Nordstrom had announced its plans to open a ‘Nordstrom Rack’ at Ottawa Train Yards. On top of this, the 35,000 sq. ft. store opened in the fall of 2018.
In 2012, Nordstrom, a luxury department store chain that sold a variety of designer goods. Announced its plans to expand to Canada. The company opened its first store in Calgary at CF Chinook Centre in September 2014. Furthermore, quickly expanded its presence with stores at CF Rideau Centre in Ottawa & CF Pacific Centre in Vancouver. Furthermore, CF Eaton Centre, Yorkdale Shopping Centre, and CF Sherway Gardens in Toronto.
In addition, Nordstrom Rack, a store that promised luxury brands at discounted prices, also opened several locations. When it launched its first Rack store in Canada at Vaughan Mills, a mall north of Toronto, in 2018, the company stated that up to 15 more stores could follow.
According to Nordstrom, its Rack stores would offer savings of up to 70% on apparel, accessories, home, beauty, and travel items from 38 of the top 50 brands that were already sold in its Canadian department stores.