Nordstrom Eyes Canadian Retail as Next Market

By Bizclik Editor

 

The Canadian retail market might just get a little more volatile with another major US retail brand eyeing the market north of its border. Nordstrom Inc, revealed the Globe and Mail, is looking to expand into Canada with the opening of four locations. Opening in Vancouver, Calgary, Ottawa and Toronto, Canadian fashionistas will soon be able to get their hands on all things Nordstrom.

Reported from industry sources, Nordstrom’s entry into the Canadian retail market has been highly anticipated. Nordstrom’s entrance into Canadian retail is just another example of how Canada’s retail industry is slowly becoming highly saturated with foreign retailers, especially since US-based Target will open its first locations in early 2013.

Nordstrom’s entrance into Canada, though, will provide a completely different opportunity to Canadian shoppers. As Target is targeted toward thrifty shoppers, Nordstrom’s high-end fashions will bring foreign retail offerings in Canada to an entirely new level.

 

SEE RELATED STORIES FROM THE WDM CONTENT NETWORK:

Click here to see the latest issue of Business Review Canada

 

Specific locations for Nordstrom include taking over Sears Canada retail spaces in Vancouver’s Pacific Centre, Calgary’s Chinook Centre, Ottawa’s Rideau Centre and Toronto’s Sherway Gardens.

Will Nordstrom’s investment into Canada prove fruitful?  With other US corporations such as McDonalds, Starbucks, Walmart and Sears having already built strong operations, it will be interesting to see how Nordstrom will fair.

Nordstrom has declined to comment on its expansion plans, as of yet. 

Share

Featured Articles

JPMorgan Chase: Committed to supporting the next generation

JPMorgan has unveiled a host of new and expanded philanthropic activities totalling US$3.5 million to support the development of apprenticeship programmes

How efficient digital ecosystems became business critical

During this unprecedented era of rapid digital transformation, establishing a well-functioning ecosystem stands to benefit both employees and customers

Mastercard: Supporting clients at a time of rapid evolution

Mastercard has announced a significant expansion of its consulting business with the launch of new practices dedicated to both AI and economics

Why Ceridian has boldly rebranded to Dayforce

Human Capital

McKinsey’s eight lessons in leadership for aspiring CEOs

Leadership & Strategy

KPMG: The biggest challenges facing global CEOs in 2023

Leadership & Strategy