kkgg7
Banned
G&M seems to imply Nordstrom is considering expanding to Canada. Not online shipping, but real stores.
"The closings of the Sears stores now provides Nordstrom with the opportunity to set up shop in Canada after it looked unsuccessfully for sites here for the past year.
Last month, Erik Nordstrom, executive vice-president at the U.S. chain, told a conference call the retailer still finds Canada to be “an attractive market for us ...
“The challenge, as you can probably guess, is the real estate,†Mr. Nordstrom said. “It’s a tough real estate market given the – mainly the dense urban areas where the population is. So we have an interest in there and we think we could learn a lot that could inform us for other expansion after that. But right now, it’s really a real estate question and at this point we haven’t answered that one.â€
Colin Johnson, a Nordstrom spokesman, said late Thursday it continues to look “at a number of different opportunities in Canada. We don’t as yet have anything definitive to share.â€
And while the Sears locations are attractive, they may now be pricey for Nordstrom. While Sears is believed to have paid low rents, its future replacement is expected to face big rate increases. "
http://www.theglobeandmail.com/glob...e-three-stores-in-top-markets/article2356330/
"The closings of the Sears stores now provides Nordstrom with the opportunity to set up shop in Canada after it looked unsuccessfully for sites here for the past year.
Last month, Erik Nordstrom, executive vice-president at the U.S. chain, told a conference call the retailer still finds Canada to be “an attractive market for us ...
“The challenge, as you can probably guess, is the real estate,†Mr. Nordstrom said. “It’s a tough real estate market given the – mainly the dense urban areas where the population is. So we have an interest in there and we think we could learn a lot that could inform us for other expansion after that. But right now, it’s really a real estate question and at this point we haven’t answered that one.â€
Colin Johnson, a Nordstrom spokesman, said late Thursday it continues to look “at a number of different opportunities in Canada. We don’t as yet have anything definitive to share.â€
And while the Sears locations are attractive, they may now be pricey for Nordstrom. While Sears is believed to have paid low rents, its future replacement is expected to face big rate increases. "
http://www.theglobeandmail.com/glob...e-three-stores-in-top-markets/article2356330/