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Nordstrom announces wind-down of Canadian business

Darpan News Desk Nordstrom, 02 Mar, 2023 02:46 PM

Photo courtesy of Wikipedia.

Nordstrom Canada intends to wind down its Nordstrom and Nordstrom Rack stores across Canada, with the help of a third-party liquidator, and its Canadian e-commerce platform. The e-commerce platform will cease operations on March 2, 2023. The in-store wind-down is anticipated to be completed by late June 2023.

"We regularly review every aspect of our business to make sure that we are set up for success," said Erik Nordstrom. "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."

Nordstrom Canada operates 6 Nordstrom stores and 7 Nordstrom Rack stores, as well as the Nordstrom.ca website, and employs approximately 2,500 people.

The news comes on the heels of Bed Bath & Beyond Canada closing its doors to customers.

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