Nordstrom to expand into Canada

(AP) NEW YORK - Nordstrom Inc. (JWN) says it is expanding into Canada, its first move outside the U.S.

The upscale department store chain said Thursday it will be teaming up with Canadian mall operator Cadillac Fairview to open four stores, in Calgary, Ottawa, Toronto and Vancouver. Cadillac Fairview operates shopping centers across Canada. The first Nordstrom store will open in the fall of 2014.

Nordstrom, based in Seattle, joins other U.S. merchants that are flocking to Canada.

The announcement was made at a press conference in Toronto.

Comments

Market Data

Watch CBSN Live

Watch CBS News anytime, anywhere with the new 24/7 digital news network. Stream CBSN live or on demand for FREE on your TV, computer, tablet, or smartphone.

Watch Now

Market News

Stock Watchlist

New Android App

For your Android phone and tablet, download the FREE redesigned app, featuring CBSN, live 24/7 news.

Download
The all new
CBS News App for Android® for iPad® for iPhone®
Fully redesigned. Featuring CBSN, 24/7 live news. Get the App