The rumours of Nordstrom coming to Vancouver have been swirling for 2 years now. We first talked about Nordstrom taking over the downtown Vancouver Sears location over two years. Today, high-end U.S. retailer Nordstrom is set to announce its launch north of the border this morning, joining a fast-growing field of foreign chains vying for coveted Canadian consumer dollars.
Officials from the Seattle-based department store chain and Cadillac Fairview are expected to reveal details for Canadian store plans at a media briefing in Toronto.
The announcement will relate to Nordstrom’s entry into the Canadian marketplace, and will also identify store locations in Cadillac Fairview shopping centres nationally, including Pacific Centre in Vancouver.
The upscale fashion retailer’s foray into Canada will mark its first expansion into the international market.
According to previously published reports, Nordstrom is expected to open in four locations in Canada, including a trio of high-profile Sears Canada locations set to be shuttered this fall.
In March, Sears Canada announced it would sell back leases for three of its stores to Cadillac Fairview, its landlord, for about $170 million.
Prime store locations at the Pacific Centre in Vancouver, Chinook Centre in Calgary and Rideau Centre in Ottawa are set to close up shop by the end of October.
Sears Canada announced in July the additional closure of a fourth location at Deerfoot Mall in Calgary.
Nordstrom Inc. president Blake Nordstrom is slated to join Cadillac Fairview president and CEO John Sullivan and Wayne Barwise, executive vice-president of development at Cadillac Fairview, at this morning’s media briefing.
Canadian shoppers can currently purchase items directly from Nordstrom’s website, with shipping fees that includes the cost of duties at checkout.
Originally founded as a shoe store in 1901, Nordstrom operates 231 stores in the United States. In addition to full-line stores, the company also operates Nordstrom Rack, an off-price division offering shoes, clothing and accessories of brands sold in Nordstrom stores with most at savings of 30 to 70 per cent off.
The official announcement of Nordstrom’s arrival in Canada will follow that of a consistently steady stream of U.S. and international chains that have been flocking to the country in recent years.
Anthropologie, Express, Free People, Intermix, J. Crew, Marshalls, Topshop, Topman and Tory Burch are among a host of other high-profile U.S. and international brands that have established storefronts in Canada.
U.S. discount giant Target Corp. is slated to set up shop north of the border in 2013. Starting next year, the Minneapolis-based retailer plans to open 125 to 135 stores in Canada.