Bargain hunters are one step closer to seeing sales at Nordstrom's closing Canadian locations. At a hearing at Osgoode Hall in Toronto on Monday, the Ontario Superior Court of Justice gave the U.S. retailer's Canadian branch permission to start liquidating its merchandise.
Bargain hunters are one step closer to seeing sales at Nordstrom's closing Canadian locations.
When Nordstrom announced the move in early March, it said it expected Canadian stores to close by late June and 2,500 workers to lose their jobs. Its Canadian presence grew in the years since with massive stores that took up hundreds of thousands of square feet at CF Rideau Centre in Ottawa, CF Pacific Centre in Vancouver, Yorkdale Shopping Centre and CF Sherway Gardens in Toronto.
Nordstrom had trouble with profitability because of its selection of products and the COVID-19 pandemic, said Tamara Szames, executive director and industry adviser of Canadian retail at the NPD Group research firm, a day after Nordstrom announced its exit.
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