Current：Home > MyNordstrom says it will close its Canadian stores and cut 2,500 jobs-LoTradeCoin
Nordstrom says it will close its Canadian stores and cut 2,500 jobs
View
Date：2024-12-24 00:17:31
TORONTO — Nordstrom Inc. announced Thursday it is closing 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.
veryGood！ (59779)
Related
- Here's what 3 toys were inducted into the National Toy Hall of Fame this year
- Avoid mailing your checks, experts warn. Here's what's going on with the USPS.
- A Lesson in Economics: California School District Goes Solar with Storage
- Hunter Biden to appear in court in Delaware in July
- Forget the bathroom. When renovating a home, a good roof is a no-brainer, experts say.
- Economy Would Gain Two Million New Jobs in Low-Carbon Transition, Study Says
- Kelsea Ballerini Takes Chase Stokes to Her Hometown for Latest Relationship Milestone
- Study Links Short-Term Air Pollution Exposure to Hospitalizations for Growing List of Health Problems
- 5-year-old boy who went missing while parent was napping is found dead near Oregon home, officials say
- Wildfires, Climate Policies Start to Shift Corporate Views on Risk
Ranking
- Colorado police shot, kill mountain lion after animal roamed on school's campus
- Turning Skiers Into Climate Voters with the Advocacy Potential of the NRA
- FDA advisers narrowly back first gene therapy for muscular dystrophy
- Patrick Mahomes Calls Brother Jackson's Arrest a Personal Thing
- Supreme Court seems likely to allow class action to proceed against tech company Nvidia
- Offshore Drilling Plan Under Fire: Zinke May Have Violated Law, Senator Says
- Bumblebee Decline Linked With Extreme Heat Waves
- Cincinnati Bengals punter Drue Chrisman picks up side gig as DoorDash delivery driver
Recommendation
U.S.-Mexico water agreement might bring relief to parched South Texas
This Sheet Mask Is Just What You Need to Clear Breakouts and Soothe Irritated, Oily Skin
A Climate Change Skeptic, Mike Pence Brought to the Vice Presidency Deep Ties to the Koch Brothers
New Jersey to Rejoin East Coast Carbon Market, Virginia May Be Next
AI could help scale humanitarian responses. But it could also have big downsides
Two Farmworkers Come Into Their Own, Escaping Low Pay, Rigid Hours and a High Risk of Covid-19
Tiger King star Doc Antle convicted of wildlife trafficking in Virginia
Robert Ballard found the Titanic wreckage in 1985. Here's how he discovered it and what has happened to its artifacts since.