Liquidation sale at Nordstrom's Ontario stores could begin as soon as tomorrow
A liquidation sale at six Nordstrom locations across the Greater Toronto Area could begin as soon as tomorrow.
A court hearing scheduled at Osgoode Hall on Monday granted the fashion retailer permission to start liquidating its merchandise.
Since it's been approved, Nordstrom has said that the liquidation sale would begin almost immediately.
The company is hoping to wrap up the liquidation process by June and close all 13 of its brick-and-mortar locations in Canada, including the six in the GTA.
Nordstrom's Canadian e-commerce platform has already been scrapped.
“Nordstrom is trying to exit quickly. They made the strategic decision to withdraw. So they are not going to drag this out,” Ian Lee, who is an associate professor at the Sprott School of Business at Carleton University, told CTV News Channel on Monday. “I think you are going to see very significant discounts. So for those consumers who are quick on the draw and get down there in the line I think they will pick up some good deals.”
Nordstrom opened its first Canadian store in Calgary in September 2014. Its first Toronto store at the CF Eaton Centre then opened in 2016.
Its decision to wrap up its Canadian operations is expected to result in the loss of about 2,500 jobs.
The company’s store locations in thee GTA are as follows:
- Nordstrom Sherway Gardens, 25 The West Mall, Etobicoke, Ont.
- Nordstrom Toronto Eaton Centre, 260 Yonge Street, Toronto, Ont.
- Nordstrom Yorkdale Centre, 3401 Dufferin Street, Toronto, Ont.
- Nordstrom Rack One Bloor, 731 Yonge Street, Toronto, Ont.
- Nordstrom Rack Vaughan Mills, 1 Bass Pro Mills Drive #E4, Vaughan, Ont.
- Nordstrom Rack Heartland Town Centre, 788 Boyer Boulevard, Mississauga, Ont.
With files from The Canadian Press
CTVNews.ca Top Stories
NEW Keeping these exotic pets is 'cruel' and 'dangerous,' Canadian animal advocates say
Canadian pet owners are finding companionship beyond dogs and cats. Tigers, alligators, scorpions and tarantulas are among some of the exotic pets they are keeping in private homes, which pose risks to public safety and animal welfare, advocates say.
NEW Life got in the way of one woman's reunion with her father, but a DNA test gained her a family
Anne Marie Cavner was the closest she'd ever been to meeting her biological father, but then life dealt her a blow. From an unexpected loss to a host of new relationships, a DNA test changed her life, and she doesn't regret a thing.
Doctors ask Liberal government to reconsider capital gains tax change
The Canadian Medical Association is asking the federal government to reconsider its proposed changes to capital gains taxation, arguing it will affect doctors' retirement savings.
How quietly promised law changes in the 2024 federal budget could impact your day-to-day life
The 2024 federal budget released last week includes numerous big spending promises that have garnered headlines. But, tucked into the 416-page document are also series of smaller items, such as promising to amend the law regarding infant formula and to force banks to label government rebates, that you may have missed.
Quebec farmers have been protesting since December. Is anyone listening?
Upset about high interest rates, growing paperwork and heavy regulatory burdens, protesting farmers have become a familiar sight across Quebec since December.
'Catch-and-kill' strategy to be a focus as testimony resumes in Trump hush money case
A veteran tabloid publisher was expected to return to the witness stand Tuesday in Donald Trump's historic hush money trial.
Quebec Health Department reports 28 cases of eye damage linked to solar eclipse
Quebec's Health Department says it has received 28 reports of eye damage related to the April 8 total solar eclipse that passed over southern parts of the province.
Psychologist becomes first person in Peru to die by euthanasia after fighting in court for years
A Peruvian psychologist who suffered from an incurable disease that weakened her muscles and had her confined to her bed for several years, died by euthanasia, her lawyer said Monday, becoming the first person in the country to obtain the right to die with medical assistance.
Diver pinned under water by an alligator figured he had choice. Lose his arm or lose his life
An alligator attacked a diver on April 15 as he surfaced from his dive, nearly out of air. His tank emptied with the gator's jaws crushing the arm he put up in defence.