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
Grandparent scam: London, Ont., senior beats fraudsters not once, but twice
It was a typical Tuesday for Mabel Beharrell, 84, until she got the call that would turn her world upside down. Her teenaged grandson was in trouble and needed her help.
Deaths of 4 people on Sask. farm confirmed as murder-suicide
The deaths of four people on a farm near the Saskatchewan village of Neudorf have been confirmed a murder-suicide.
George Washington family secrets revealed by DNA from unmarked 19th century graves
Genetic analysis has shed light on a long-standing mystery surrounding the fates of U.S. President George Washington's younger brother Samuel and his kin.
Why some Christians are angry about Trump's 'God Bless the USA' Bible
Former U.S. President Donald Trump is officially selling a copy of the Bible themed to Lee Greenwood’s famous song, 'God Bless the USA.' But the concept of a Bible covered in the American flag has raised concern among religious circles.
Full parole granted to man convicted in notorious 'McDonald's murders' in Cape Breton
The Parole Board of Canada has granted full parole to one of three men convicted in the brutal murders of three McDonald's restaurant workers in Cape Breton more than 30 years ago.
Rainfall warnings of up to 80 mm among weather alerts in effect for 6 provinces
Rainfall warnings of up to 90 millimetres and other alerts have been issued for six Canadian provinces, according to the latest forecasts.
Sunshine list: These were the Ontario public sector's highest earners in 2023
Ontario released its annual sunshine list Thursday afternoon, noting that the largest year-over-year increases were in hospitals, municipalities, and post-secondary sectors.
Bus plunges off a bridge in South Africa, killing 45 people. An 8-year-old child is only survivor
A bus carrying worshippers headed to an Easter festival plunged off a bridge on a mountain pass and burst into flames in South Africa on Thursday, killing at least 45 people, authorities said.
Calgary bridges remain closed due to ongoing police incident
Calgary police have shut down a number of bridges into and out of the downtown core as officers deal with a distraught individual.