Nordstrom to expand into Canada

SAN FRANCISCO, CA - JULY 29: A shopper carries a Nordstrom bag as he walks along Market Street July 29, 2011 in San Francisco, California. The U.S. Commerce Department reported today that the U.S. economy slowed in the second quarter with the GDP coming in at 1.3 percent, far lower than expected. (Photo by Justin Sullivan/Getty Images) Justin Sullivan/Getty Images

(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.

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