After the Target Canada debacle, Nordstrom executives took particular care to not expand too quickly across this country. Three years and six upscale department stores later, Blake Nordstrom is hoping the Seattle-based retailer’s Canadian investments will begin to pay off with the debut of its first deals-driven subsidiary, Nordstrom Rack. “Compared to the U.S., (the Canadian Nordstrom stores) are all really good performers, because there are fewer malls per person in Canada than the U.S.,” Nordstrom’s chief executive said last week at the outlet store’s launch in the Toronto suburb of Vaughan, which aims to attract bargain-hunting consumers with up to 70 per cent off the prices of merchandise from its full-line stores. [Hollie Shaw, Financial Post]
Allows the online commerce platform to rely less on its own data centres and spend more time on their customers
Shopify is dismissing comments by U.S. short seller Andrew Left that the Ottawa-based e-commerce company has an “unholy alliance” with Facebook that could cause its stock to plunge once the social media giant decides to “take away Shopify’s punchbowl.”
The athleisure seller has tapped a former Zulily executive as it seeks to stay on a growth track even without a CEO in place.