Nordstrom’s liquidation sale begins in the city’s six locations on Tuesday and many Torontonians are ready to empty their wallets for a good bargain.
On Mar. 2, Nordstrom announced they would be closing down shop in Canada to “focus on driving long-term profitable growth” to their U.S. business.
The Ontario Superior Court of Justice gave the U.S fashion retailer permission to begin liquidating its merchandise at a court hearing at Osgoode Hall on Monday.
Court approval was needed in order for Nordstrom to begin winding down operations under the Companies’ Creditors Arrangement Act.
The company ceased online sales at the brink of their announcement and final operations at physical locations are anticipated to end in June.
Merchandise, furniture, fixtures and equipment are all expected to be available at discounted prices, excluding goods from third parties. All sales will be final with no option to return purchases, according to media reports.
The mega-department chain’s first location in Canada opened in Calgary in Sept. 2014 and two years later Nordstrom opened its first store in Toronto, located at CF Eaton Centre in 2016.
Nordstrom is closing all 13 brick-and-mortar locations in Canada, including six in the Greater Toronto Area, located in the Eaton Centre, Sherway Gardens, Yorkdale Centre and Nordstrom Rack locations at One Bloor, Vaughan Mills and Heartland Town Centre.
Canadians are taking to Twitter to share their thoughts on the liquidation sale and the store closing:
