Nordstrom adds another Toronto location to Canadian expansion plans

The Canadian Press 0

TORONTO – Nordstrom is bolstering its expansion north of the border with plans to open a second location in Toronto.

The high-end U.S. retailer announced Monday that it will open a new location at Yorkdale Shopping Centre in fall 2016.

The three-level, 188,000-square-foot store will be housed in the mall’s $331-million expansion, with construction is set to begin in January 2014.

Nordstrom’s store in the Yorkdale mall will serve as an anchor for a broader 298,000-square-foot expansion.

Last September, Nordstrom disclosed plans to open its first Canadian stores.

The Seattle-based retailer will move into renovated space vacated by Sears Canada at the Pacific Centre in Vancouver, Chinook Centre in Calgary and the Rideau Centre in Ottawa. A new store will be built at Toronto’s Sherway Gardens.

Sears announced last year it would sell back leases for three of its stores to its landlord, Cadillac Fairview, for about $170 million, as the retailer worked to revamp its struggling Canadian operations.

The Calgary Nordstrom location is slated to open for business in fall 2014. Nordstrom stores in Ottawa and Vancouver are set to launch in spring 2015, with the Toronto Sherway Gardens location opening in fall 2016.

Canadians can currently purchase items directly from Nordstrom’s website with shipping fees that include the cost of duties at checkout.

The Canadian expansion will mark the retailer’s first locations outside of the United States, where Nordstrom currently operates 242 stores.

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