Nordstrom closing its Canada stores
newscatcher
2023-03-03 06:30
Nordstrom closing its Canada stores
OTTAWA, Canada -US luxury department store chain Nordstrom announced Thursday it is pulling out of Canada, closing 13 stores and putting 2,500 staff out of work. '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,' chief executive Erik Nordstrom said in a statement. The move, he said, will enable the company to 'simplify our operations and further increase our focus on driving long-term profitable growth in our core US business.

https://business.inquirer.net/389262/nordstrom-closing-its-canada-stores

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