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Nordstrom Canada will launch sales at its closing stores starting Tuesday - My Colorado Springs News Local News

The liquidation sales at Nordstrom stores across Canada will begin Tuesday, a spokesperson for the department store chain confirmed in an email to CBC News. Nordstrom Canada will begin liquidation sales at its stores across Canada starting Tuesday. The Ontario Superior Court of Justice gave the company permission to start liquidating its merchandise at a hearing at Osgoode Hall in Toronto on Monday. The monitor suggested five potential third-party liquidators and Nordstrom was approached by another five. The company decided to go with a joint venture comprised of Hilco Merchant Retail Solutions ULC and Gordon Brothers Canada, which were involved in the liquidation of Target, Sears and Forever 21 in Canada. They will oversee the sale of merchandise, furniture, fixtures and equipment, but not goods from third parties. All sales will be final and no returns will be allowed.

Nordstrom Canada will launch sales at its closing stores starting Tuesday - My Colorado Springs News Local News

Publicado : hace 12 meses por Michael Smith en

The liquidation sales at Nordstrom stores across Canada will begin Tuesday, a spokesperson for the department store chain confirmed in an email to CBC News.

At a hearing at Osgoode Hall in Toronto on Monday, the Ontario Superior Court of Justice gave the U.S. retailer’s Canadian branch permission to start liquidating its merchandise.

Lawyer Jeremy Dacks, who represented Nordstrom, said the company has “worked hard to achieve a consensual path forward” with landlords, suppliers and a court-appointed monitor to find an orderly way to wind down the business.

The monitor, Alvarez & Marsal Canada, suggested five potential third-party liquidators and Nordstrom was approached by another five. The company decided to go with a joint venture comprised of Hilco Merchant Retail Solutions ULC and Gordon Brothers Canada, which were involved in the liquidation of Target, Sears and Forever 21 in Canada, Dacks said.

They will oversee the sale of merchandise, furniture, fixtures and equipment, but not goods from third parties, which removed products this past weekend, Dacks said. He added that all sales will be final and no returns will be allowed.

Lawyers for Nordstrom landlords Cadillac Fairview, Ivanhoe Cambridge, Oxford Properties Ltd. and First Capital Realty testified Monday that they were pleased with how “smoothly” and…


Temas: Canada, Colorado, Nordstrom, Colorado Springs

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