TORONTO, ONTARIO--(Marketwired - Apr 8, 2013) - Nordstrom today announced plans to serve more customers with their newest location in Toronto, at Yorkdale Shopping Centre, Canada's premier shopping destination. The three-level, 188,000 square foot store will open in fall 2016.
"We are thrilled to bring a store to Yorkdale Shopping Centre and view this as a tremendous opportunity to serve Toronto," said Karen McKibbin, President of Nordstrom Canada. "Yorkdale is clearly a premier fashion destination, home to an impressive mix of retailers and we're excited to be part of the centre. Ever since we announced that we're coming to Canada, we have been humbled by the response from customers, and we can't wait to get to work on earning their business."
"Nordstrom's reputation as an industry-leading fashion retailer is well known and respected globally and we are elated to open Toronto's largest Nordstrom location at Yorkdale Shopping Centre," said Blake Hutcheson, President and Chief Executive Officer, Oxford Properties. "Renowned for its exceptional customer experience and wide selection, Nordstrom will complement Yorkdale's already exceptional mix of world class brands - and take Yorkdale to an even higher level of success."
"In the past year, Yorkdale has added an impressive number of new and innovative brands to the shopping centre, continuing on our legacy of providing the very best experience for our shoppers by bringing in the most in-demand retailers from around the world," said Anthony Casalanguida, General Manager, Yorkdale Shopping Centre. "The introduction of Nordstrom continues that momentum, and we are very excited to help bring this exceptional retail experience to our shoppers."
Nordstrom Yorkdale joins the four Canadian stores Nordstrom announced in September 2012 as part of its first expansion into Canada. Nordstrom plans to open additional full-line stores as well as Nordstrom Rack stores as the company continues to grow in Canada.
Owned by Oxford Properties Group and AIMCo, Yorkdale Shopping Centre has undergone four major renovations since opening in 1964. In addition to the $200 million investment in 2012, Yorkdale Shopping Centre completed a $110 million dollar expansion in 2005. Since then, the shopping centre has continued to improve its facilities and today serves as a top destination for international retailers entering the Canadian market.
Editor's Note: A rendering of the Nordstrom Yorkdale store, company B-roll and additional information about Nordstrom Canada are available at www.nordstrom.com/PressRoomCanada.
Nordstrom, Inc. is one of the leading fashion specialty retailers in the U.S. Founded in 1901 as a shoe store in Seattle, today Nordstrom operates 242 stores in 31 states, including 117 full-line stores, 121 Nordstrom Racks, two Jeffrey boutiques, one treasure & bond store and one clearance store. Nordstrom also serves customers through Nordstrom.com and through its catalogs. Additionally, the Company operates in the online private sale marketplace through its subsidiary HauteLook. Nordstrom, Inc.'s common stock is publicly traded on the NYSE under the symbol JWN.
About Yorkdale Shopping Centre
With more than 250 shops and services Yorkdale Shopping Centre is Canada's premier shopping destination. Yorkdale recently underwent a $220 million expansion - the largest and most significant expansion in its history - growing to a total of 1.6 million square feet of retail space that features some of the world's best fashion, technology and luxury brands. Offering 7,400 parking spaces, valet parking and seating reservations at the Dine on 3 food collection, everything about Yorkdale is designed to enhance shoppers' experiences. Yorkdale is co owned by Oxford Properties and Alberta Investment Management Corporation (AIMCo) and managed by Oxford Properties Group. Yorkdale is located at 3401 Dufferin Street, off Allen Road, near the 401. For more information, download the Yorkdale app, visit www.yorkdale.com, or follow @YorkdaleStyle on Twitter, Facebook or Pinterest.
About Oxford Properties
Oxford Properties Group is a global platform for real estate investment, development and management, with over 1,400 employees and over $21 billion of real assets that it manages for itself and on behalf of its co-owners and investment partners. Established in 1960, Oxford has regional offices in Toronto, London and New York, and the company's portfolio includes approximately 50 million square feet of office, retail, industrial, multi-family and hotel properties. Oxford is the real estate arm of the OMERS Worldwide Group of Companies. For more information about Oxford, visit: www.oxfordproperties.com.
About Alberta Investment Management Corporation (AIMCo)
AIMCo is one of Canada's largest and most diversified institutional investment managers. AIMCo was established on January 1, 2008 with a mandate to provide superior long-term investment results for its clients. AIMCo operates independently from the Government of Alberta and invests globally on behalf of 28 pension, endowment and government funds in the Province of Alberta, including the Alberta Heritage Savings Trust Fund. For more information about AIMCo, visit www.aimco.alberta.ca.