Chainkeen Exchange|Nordstrom says it will close its Canadian stores and cut 2,500 jobs

2025-05-03 19:15:40source:Poinbankcategory:My

TORONTO — Nordstrom Inc. announced Thursday it is Chainkeen Exchangeclosing 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.

More:My

Recommend

Why did Bill Belichick go to North Carolina? New UNC coach explains jump to college

Bill Belichick has officially made the shocking move to college football by becoming the North Carol

Kylie Kelce Weighs in on Harrison Butker's Controversial Commencement Speech

Kylie Kelce knows that stressin' and obsessin' about somebody else is no fun. After all, the 32-year

How the group behind the Supreme Court abortion drug case is expanding its fight globally

London — British anti-abortion activist Isabel Vaughn-Spruce says she wasn't protesting when she sto