U.S. division retailer chain Nordstrom will exit the Canadian market, shutting down its 13 shops within the nation amid stagnant gross sales, the corporate mentioned. The transfer will reduce roughly 2,500 jobs.

“We entered Canada in 2014 with a plan to construct and maintain a long-term enterprise there. Regardless of our greatest efforts, we don’t see a practical path to profitability for the Canadian enterprise. We need to thank our group for his or her efficiency and dedication in serving clients in Canada. This choice will simplify our construction, intensify give attention to our progress and profitability objectives and place us to create higher worth for our shareholders,” mentioned Erik Nordstrom, chief govt officer of Nordstrom, Inc.

Accordingly, Nordstrom Canada has commenced a wind-down of its six Nordstrom and 7 Nordstrom Rack shops throughout the nation, with the assistance of a third-party liquidator, and its Canadian e-commerce platform. The e-commerce website has ceased operations on March 2, 2023. The in-store wind-down is anticipated to be accomplished by late June 2023.

The Seattle-based firm operates greater than 300 shops throughout the USA. “There isn’t any change to Nordstrom US’s operations or shops and Nordstrom US continues to function on a business-as-usual foundation,” the corporate mentioned in an announcement.