Nordstrom to open first Rack in Canada

Nordstrom (NYSE:JWN) announced plans to open its first Nordstrom Rack in Toronto as part of the retailer's planned expansion in Canada.

The 38,600-sq.-ft. store is scheduled to open in 2018 in the Bloor Street shopping district, not far from a full-line Nordstrom store set to open in September at the CF Eaton Centre there.

"We're excited to announce our first Nordstrom Rack in Canada in such a wonderful location and provide Canadian customers another way to shop their favorite Nordstrom brands at great prices," said Karen McKibbin, president of Nordstrom Canada. "We want to be a part of compelling locations across the country and this is a great first step. We look forward to getting our doors open to serve customers in Toronto."

Nordstrom operates three department stores in Canada. Its international expansion and off-price outlets are driving sales and growth for the retailer. 

The retailer has also released details of its first Manhattan location, a massive complex of four properties at Columbus Circle.

For more:
-See this Nordstrom press release

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