Nordstrom Inc. says it is winding down its Canadian operations and closing all 13 of its stores in the country.
The company, which launched in Canada in 2014, has six Nordstrom stores and seven Nordstrom Rack locations.
All stores will close and all the company’s staff in Canada — roughly 2,330 people — will lose their jobs, the company said Thursday.
In court filings, the company says Nordstrom’s Canadian business has lost money every single year it has been in operation.
“We entered Canada in 2014 with a plan to build and sustain a long-term business there. Despite our best efforts, we do not see a realistic path to profitability for the Canadian business,” the company said in a statement.
Pending approval of the court monitor is overseeing the wind-down under the Companies Creditors’ Arrangement Act, liquidation sales at all existing locations will start around March 20.
Gift cards will continue to be honoured through until the end of liquidation for in-store purchases. No new gift cards can be purchased after Thursday.
The company’s Nordstrom.ca site has stopped sales effective immediately. Any orders placed online before Thursday will be filled, but no new orders will be processed online. After March 17, all sales are final and returns and exchanges will no longer be permitted.
