Nordstrom has announced that it will close all of its Canadian stores, a number of which are located in Toronto.
The fashion retailer made the announcement on Thursday, noting that it does not “see a realistic path to profitability for the Canadian business.”
The move will result in the eventual closure of all of the company’s Nordstrom and Nordstrom Rack location across Canada, including a flagship store located at Toronto’s Eaton Centre and another store at Yorkdale Shopping Centre.
“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,” Erik Nordstrom, chief executive officer of Nordstrom, said in a news release.
Nordstrom first entered the Canadian market in 2014.
