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U.S. retailer Nordstrom coming to Canada

Tags: Nordstrom

Upscale department store chain Nordstrom is joining a wave of U.S. retailers heading north of the border with its first Canadian locations in Calgary, Ottawa, Vancouver and Toronto.

The stores will open starting in Calgary in the fall of 2014 in four Cadillac Fairview-owned malls.

“While we're fortunate to have many loyal Canadian customers who've shopped with us over the years, we recognize we're new here and that we have to earn our customers' business. We look forward to what we will learn and are grateful for the chance to better serve our Canadian customers,” said president Erik Nordstrom in a statement.

The inaugural Calgary location in the Chinook Centre covers two levels and 140,000 square feet. In Ottawa, the store will cover 157,000 square feet on two levels. Vancouver shoppers will be offered the largest store, coming in at 230,000 square feet over three floors in the Pacific Centre mall. The store in Toronto will be located at Sherway Gardens and will be 138,000 square feet over two levels.

Morningstar analyst Paul Swinand says Nordstrom is just one of a number of U.S. retailers with their sights set on Canada – with discount retailer Target one of the more high profile chains to move into Canada in the coming years.

“There is real estate available, there is growth available and the economy is stronger. American department stores don’t have available space to expand, so if you’re a strong retailer like Nordstrom, you have few development opportunities,” Swinand tells BNN.

Along with coming into Canada, Nordstrom also introduced a new Canadian president to oversee the expansion.

Karen McKibbin has a 27-year history with Nordstrom, most recently as vice president and regional manager for Northern California and Hawaii.

Canadian customers can also expect to see more Nordstrom and Nordstrom Rack locations as part of its growth strategy. CTV Two CTV News CTV News Channel BNN - Business News Network CP24