By Lori Bosworth
Tired of seeing the Sears store at Toronto Eaton Centre, knowing that it will be closing shortly? U.S. retailer Nordstrom just announced that it will be taking over the retail location in fall 2016. Beginning March 2014, Nordstrom will begin renovations on the 213,000 square-foot store at Yonge and Dundas Streets.
What does this mean for Torontonians? Nordstrom is a high-end retailer that will offer a greater selection of clothing and accessories for Toronto shoppers. Some of the brands Nordstrom carries are Aidan Mattox, Ivy & Blu, Adrianna Papell, Laundry by Shelli Segal, Donna Morgan, Komarov, Topshop, Dress the Population, Jessica Simpson, BCBGMAXAZRIA, Free People, Rebecca Minkoff, Vince Camuto, Marc Jacobs, Kate Spade, Michael Kors, Dooney & Bourke, Prada, Chloe, Tory Burch, Saint Laurent and Brahmin.
Will we be paying the same prices as those who shop at Nordstrom in the U.S.? I suspect not, unless our Canadian dollar begins to climb and surpass the U.S. dollar.
Nordstrom previously announced that it will open stores at five other locations in Canada including Chinook Centre in Calgary, Rideau Centre in Ottawa, Pacific Centre in Vancouver and Sherway Garden and Yorkdale in Toronto.
The replacement of Sears at Toronto Eaton Centre by Nordstrom signals a return to high-end fashion retailing not seen at that retail location since Eaton’s was closed in 2002.