Nordstrom adds second Toronto store to Canadian expansion

Mon Apr 8, 2013 1:56pm EDT
 
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TORONTO (Reuters) - U.S. luxury retailer Nordstrom Inc (JWN.N: Quote) is expanding its push into Canada, announcing plans on Monday to open a second namesake department store in Toronto in the fall of 2016.

Nordstrom said it will open a three-storey, 188,000-square-foot store in Toronto's Yorkdale Shopping Centre in addition to a previously announced, smaller store in the city's Sherway Gardens mall.

The Seattle-based company said late last year that it would open four full-sized Nordstrom stores in Canada - in Calgary, Ottawa, Vancouver and Toronto - starting in the fall of 2014. It said it would open more full-line stores and lower-priced Rack shops later.

Nordstrom's announcement comes as U.S. discount retailer Target Corp (TGT.N: Quote) completes the first phase of an ambitious expansion drive into Canada that will total 124 stores this year.

(Reporting By Susan Taylor; Editing by Peter Galloway)

 
The Nordstrom store is seen at a mall in a Denver suburb May 16, 2008. REUTERS/Rick Wilking