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Nordstrom’s off-price Rack stores are struggling. It's opening more of them anyway.

Por: MarketWatch Business March 03, 2023

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Executives of the Seattle-based retailer said that the Canadian business accounted for less than 3% of total sales and said shutting it down would help the company focus on the U.S. “We entered Canada in 2014 with a plan to build and sustain a long-term business there,” Chief Executive Erik Nordstrom said in a statement. “Despite our best efforts, we do not see a realistic path to profitability for the Canadian business.” Executives,... + full article



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