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
More than 115 cases of eye damage reported in Ontario after solar eclipse
More than 115 people who viewed the solar eclipse in Ontario earlier this month experienced eye damage after the event, according to eye doctors in the province.
Toxic testing standoff: Family leaves house over air quality
A Sherwood Park family says their new house is uninhabitable. The McNaughton's say they were forced to leave the house after living there for only a week because contaminants inside made it difficult to breathe.
Decoy bear used to catch man who illegally killed a grizzly, B.C. conservation officers say
A man has been handed a lengthy hunting ban and fined thousands of dollars for illegally killing a grizzly bear, B.C. conservation officers say.
B.C. seeks ban on public drug use, dialing back decriminalization
The B.C. NDP has asked the federal government to recriminalize public drug use, marking a major shift in the province's approach to addressing the deadly overdose crisis.
OPP responds to apparent video of officer supporting anti-Trudeau government protestors
The Ontario Provincial Police (OPP) says it's investigating an interaction between a uniformed officer and anti-Trudeau government protestors after a video circulated on social media.
An emergency slide falls off a Delta Air Lines plane, forcing pilots to return to JFK in New York
An emergency slide fell off a Delta Air Lines jetliner shortly after takeoff Friday from New York, and pilots who felt a vibration in the plane circled back to land safely at JFK Airport.
Sophie Gregoire Trudeau on navigating post-political life, co-parenting and freedom
Sophie Gregoire Trudeau says there is 'still so much love' between her and Prime Minister Justin Trudeau, as they navigate their post-separation relationship co-parenting their three children.
Last letters of pioneering climber who died on Everest reveal dark side of mountaineering
George Mallory is renowned for being one of the first British mountaineers to attempt to scale the dizzying heights of Mount Everest during the 1920s. Nearly a century later, newly digitized letters shed light on Mallory’s hopes and fears about ascending Everest.
Loud boom in Hamilton caused by propane tank, police say
A loud explosion was heard across Hamilton on Friday after a propane tank was accidentally destroyed and detonated at a local scrap metal yard, police say.