Nordstrom set to enter Canada
The Canadian Press
Posted: Sep 11, 2012 3:59 PM ET
Last Updated: Sep 11, 2012 3:57 PM ET
Nordstrom is set to announce it will open stores, like this one in Los Angeles, on Thursday. (Kevork Djansezian/Getty)
Nordstrom is the latest U.S. retailer planning to set up shop north of the border.
Officials from the department store chain and Cadillac Fairview are scheduled to announce Canadian store plans at a media briefing in Toronto on Thursday.
The announcement will relate to Nordstrom's entry into the Canadian marketplace and will identify store locations in Cadillac Fairview shopping centres nationally.
According to previously published reports, the Seattle-based retailer is expected to open in four locations, including a trio of prime Sears Canada locations set to be shuttered this fall.
Sears Canada announced in March it would sell back leases for three of its stores to its landlord, Cadillac Fairview, for about $170 million.
High-profile locations at the Pacific Centre in Vancouver, Chinook Centre in Calgary and Rideau Centre in Ottawa are set to close by the end of October.
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