Nordstrom entered Canada with a flourish in 2014, opening its most modern stores, but has decided it's no longer worth it to operate north of the U.S. border.
The Nordstrom division overall saw a 2.4 percent dip in sales last quarter, while the Nordstrom Rack saw sales decline 8.1 percent compared to the year-ago period.“As we enter fiscal 2023, we are focused on enhancing the customer experience, improving Nordstrom Rack performance, increasing inventory productivity and continuing to advance our supply chain optimization initiatives,” Nordstrom said.
Nordstrom has commenced a wind-down of its Canada stores, both Nordstrom and Rack, and its e-commerce operations there, and will be assisted by a liquidator. E-commerce has already ceased operating and the wind down of the stores is expected to be completed by June this year. Nordstrom officials remain bullish on Nordstrom Rack, despite its issues, and sees room to grow the offprice business with more stores, with several new ones planned this year and by remaking Rack’s product mix by prioritizing 50 strategic, very productive brands “that are well known and loved across the U.S. These include many brands we curate for the Nordstrom banner.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Zach Harrison Has the Longest Arms of Any Defensive Lineman at NFL Scouting Combine Since 2014Zach Harrison’s 36 1/4-inch arm measurement is the longest of any defensive lineman at the NFL Scouting Combine since Tennessee defensive tackle Daniel McCullers in 2014.
Leer más »
A 2014 hate crime lays bare Hawaii’s complicated race relationsTwo Native Hawaiian men are scheduled to be sentenced Thursday for a federal hate crime in the brutal beating of a white man who tried to move into their remote, traditional fishing village.
Leer más »
Nordstrom earnings top expectations, retailer says it's winding down Canada operationsNordstrom has struggled with slower sales, more markdowns and pressure from activist investor Ryan Cohen.
Leer más »
Billy Joel’s Madison Square Garden Residency Crosses $200 Million MilestoneBilly Joel’s Madison Square Garden residency has crossed a $200 million milestone
Leer más »
Nordstrom reports weaker quarterly sales and says it's winding down its Canadian businessNordstrom says it will end its business in Canada to help shore up profit after reporting weaker-than-expected sales results and forecasts.
Leer más »
2023 Chicago Election Day Live Updates: Turnout Slightly Picks Up With Polls Closing SoonAs voters head to the polls for the first round of the 2023 Chicago municipal elections, several mayoral candidates thought there was no better place to get out the vote than iconic Chicago restaurant Manny's Deli. Live updates:
Leer más »