TORONTO - Nordstrom is the latest U.S. retailer planning to set up shop north of the border.
Officials from the department store chain and Cadillac Fairview are scheduled to announce Canadian store plans at a media briefing in Toronto on Thursday.
The announcement will relate to Nordstrom's entry into the Canadian marketplace and will identify store locations in Cadillac Fairview shopping centres nationally.
According to previously published reports, the Seattle-based retailer is expected to open in four locations, including a trio of prime Sears Canada locations set to be shuttered this fall.
Sears Canada announced in March it would sell back leases for three of its stores to its landlord, Cadillac Fairview, for about $170 million.
High-profile locations at the Pacific Centre in Vancouver, Chinook Centre in Calgary and Rideau Centre in Ottawa are set to close by the end of October.
It announced a further closure, at the Deerfoot Mall in Calgary in July.
Nordstrom Inc. president Blake Nordstrom is set to join Cadillac Fairview president and CEO John Sullivan and Wayne Barwise, executive vice-president of development at Cadillac Fairview, at the media briefing on Thursday.
Canadians can currently purchase goods direct from Nordstrom's website, with shipping fees that includes the cost of duties at checkout.
The iconic American upscale retailer is in talks with Hudson's Bay Company to become a "store within a store" at HBC locations in Canada. The move is seen as an attempt by The Bay to fight off the possible arrival of Nordstrom's (see next slide).
One of the most prominent competitors to Bloomingdale's, Nordstrom announced in September, 2012, that it plans to open locations in Cadillac Fairview-owned malls in Calgary, Ottawa and Vancouver. The stores will open in former Sears locations.
Discount retailer Marshalls entered the Canadian market in March, 2011, and recently announced an expansion of six new stores in Ontario. At least a dozen of its 750 stores are now located in Canada.
The home improvement retailer began moving into the Canadian market in 2007, with a store in Hamilton, Ontario. It has since expanded to 31 locations in Ontario and Alberta.
Ritzy fashion chain J. Crew opened its first Canadian location in the summer of 2011, and immediately ran into public anger about the U.S.-Canada price gap. Shoppers complained that J. Crew's Canadian prices were about 15 per cent higher than in the U.S.
The arrival of Target to Canada in 2013 is easily the most hotly-anticipated retail arrival since Walmart came north of the border in 1994. The discount retailer is planning more than 100 stores across the country, having taken over a significant number of Zellers locations. But the store is currently engaged in a labour dispute, as it tries to keep former Zellers employees from unionizing in the new stores.