SignalHub Quantitative Think Tank Center|Nordstrom says it will close its Canadian stores and cut 2,500 jobs

2025-05-08 01:16:00source:SignalHub Quantitative Think Tank Centercategory:Scams

TORONTO — Nordstrom Inc. announced Thursday it is SignalHub Quantitative Think Tank Centerclosing 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.

More:Scams

Recommend

Skins Game to make return to Thanksgiving week with a modern look

A modern version of The Skins Game is returning to Thanksgiving week.Pro Shop, the new golf media co

Early voting in Ohio’s March 19 primary begins Wednesday; registration closing Tuesday

COLUMBUS, Ohio (AP) — Some county election boards in Ohio are remaining open late Tuesday, the final

Community remembers Sam Knopp, the student killed at a university dorm in Colorado

Days after a devastating shooting at the University of Colorado Colorado Springs that took the lives