Nordstrom closing stores in Ottawa as it winds down Canadian operations
CTV
The Nordstrom store in the Rideau Centre and the Nordstrom Rack at Ottawa Train Yards will close by the end of June, as the retail store shuts down operations in Canada.
The Nordstrom store in the Rideau Centre and the Nordstrom Rack at Ottawa Train Yards will close by the end of June, as the retail store shuts down operations in Canada.
Nordstrom announced on Thursday it is winding down its Canadian operations and closing all of its stores in Canada. The fashion retailer said it does not "see a realistic path to profitability for the Canadian business".
"We have made the difficult decision to wind down operations in our Canadian business," Nordstrom CEO Erik Nordstrom said in a statement.
"This will enable us to simplify our operations and further increase our focus on driving long-term profitable growth in our core U.S. business."
The company said all of its 2,500 staff members in Canada would lose their jobs. Nordstrom says the e-commerce platform will cease operations on March 2, while the in-store wind-down is anticipated to be completed by late June with the help of a third-party liquidator.
Nordstrom Canada gift cards will continue to be honoured to the end of the liquidation period. Returns and exchanges will be permitted until March 17 at which point all sales and returns will be considered final.
There are six Nordstrom stores and seven Nordstrom Rack stores across Canada, including the two in Ottawa.